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How The Real Estate Industry Is Evolving To Meet Modern Lifestyle Needs

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Updated on July 4th, 2019

Over the years, the way of living has evolved around the globe. As humans keep discovering and inventing, their lives have become fast-paced, but more convenient as well.

Daily tasks that once took hours can now be completed in minutes; often with a simple touch of our fingers. One of the biggest factors that allow such rapid evolution is the development of modern technology.

To meet the changing lifestyle needs of the people, various business sectors have also evolved with the passing years. A lot of research and development goes into determining the ongoing global demand and the ways to meet it.

Among the major business industries of the world, it is hard to identify one that has not undergone change to facilitate the modern lifestyle needs. For example, the telecommunications industry is now almost ready to run on 5G technology because people want instant and stronger connections no matter where they are in the world.

Similarly, the food industry is now providing more options as people shift towards organic, vegan, or other kinds of diets as per their nutritional requirements. Another great example is e-commerce, which is taking more and more industries under its wing to offer people the enhanced convenience they demand given busier day-to-day schedules.

Since we are talking about big industries, real estate is also one that has evolved greatly. In fact, it directly provides for people’s changing lifestyles since it deals with accommodations and amenities.

1. Modern-day Living Standards

Real Estate Industry

Shelter is one of mankind’s basic needs. However, homes are no longer just concrete structures. The modern idea of a home offers much more than a few rooms, bathrooms, kitchen, and privacy. Homeowners don’t just want a place they can retire for the day, but one that supports their daily schedules.

If they have a round-the-clock job or one with odd hours, then the house should see to their working comfort too. People who live in extreme temperatures want their homes to be readily prepared to deal with the adverse conditions.

On the other hand, we have specific lifestyle choices like minimalism, the tiny house movement, green living, etc. Similarly, people’s daily lives are so integrated with technology that they want that same aspect of speed and convenience in all parts of their lives. So, we now have people switching to home automation, where they have more control over their living spaces and the facilities associated within.

People also have changed perspectives in terms of architecture. While many still like the idea of luxury, people now prefer to do more with less. It means that they don’t mind having a small piece of land for constructing their house, as long as they can incorporate a practical and spacious floor plan.

In short, people want convenience, technology integration, practical solutions, and social responsibility when seeking to own a home.

2. Modern Provisions By The Real Estate Industry

 Real Estate Industry

Before we go into the tangible solutions, we must talk about the emerging e-commerce market within the existing real estate industry.

In the past, it took a lot of time and effort to find homes for buying and renting. Now, people have the facility of online websites that feature listings and contacts of real estate agents and developers. Prop.pk happens to be a great example of such a platform.

These listings provide detailed information on available homes and real estate projects. So, instead of actually going into the field and comparing each option over months, interested individuals can now simply browse as per their convenience from the comfort of their home or workplace.

Coming towards the more tangible solutions, a lot of real estate developers are now focusing on building gated communities. The reason is to provide residents a peaceful place to live away from the centres of the cities, which happen to be quite busy and even chaotic.

However, developers don’t execute such communities without practical considerations. They are easily accessible from the city’s main avenues and vice versa. And are also equipped with all the modern amenities within their boundaries.

Next, we have the gradual awareness about climate change and its implications for the future. More and more people want to lead an environmentally-friendly life. This means that they want their homes to leave behind the minimum possible carbon footprint.

Therefore, architects now use methods for making house structures energy-efficient from the get-go. For example, homes can be oriented to allow more natural light. Similarly, engineers can be hired to add home insulation to prevent the loss of energy, or a piping and wiring system that saves water and electricity.

People no longer mind living in limited spaces because architects now offer practical solutions to utilise these spaces to their best. Owners of small homes can implement a broken floor layout plan to have more space but enjoy privacy at the same time.

Home automation is another facet of lifestyle convenience nowadays. This type of technology integration not only provides a higher degree of comfort, but also facilitates home security and safety. For example, proximity-sensitive doors and lights can send alerts about possible intruders. Also, an automated system for home appliances can prevent accidents and short-circuits.

These are just few of the ways that the real estate industry is responding to the modern-day lifestyle needs. As we move ahead, people’s demands are already changing and research to meet them is also underway.

While we can count some of the modern provisions as luxurious, it is undeniable that many still aim to make life easier. And who doesn’t want all this in an era where there is too much to do, but so little time?