“Flex Space” is a hot and trendy buzz term used in today’s real estate, used to describe an area of your home that can be used for multiple purposes. It could be an entire room, or just a specific space.
The purpose of Flex Space is to provide homeowners with flexibility as their needs and lifestyles evolve. For example, a recent retiree may turn a home office into a new space for hobbies and craft work. Young families preparing for their future needs may see potential to accommodate more bedroom spaces. What’s an extra seating area today may be a nursery tomorrow.
Some Flex Space examples might include:
- Home Office
- Home Gym
- Media Room
- Craft Space
- Extra Living Room
- Walk-In Closet / Storage
The best thing about a Flex Space is that it can change with you through different chapters of your life.
“What I love about a Flex Space in a home is the versatility it gives our clients,” says Brinkoetter Realtor, Blake Reynolds. “I love showing houses to people and seeing their creativity come out in how they would use different spaces. I've had clients do such great things with Flex Spaces such as offices, nurseries, man caves, and even making an extra bedroom into a walk in closet.”
For homeowners looking to sell, these new-spaces are a hot commodity to buyers who can tailor these spaces to best fit their own needs. It encourages them to use their imaginations, and provides new levels in flexibility. As buyers embark on their search, they’re most likely going to look for homes that will support their evolving needs.
Says Brinkoetter Realtor, Kristie Tindall, “Our homes should evolve and change with our ever transitioning lives. Flex Spaces can provide essential options for the planned or the unexpected. Traditionally, kids grow up and move out. That once mandatory third or fourth bedroom becomes a home office, work out area, or meditation space. Now, yesterday's downstairs rec room can become the perfect command central for crafts, hobbies, maybe even that etsy shop you've longed for but never had the nerve to try. And with so many families now searching out various homeschooling options and spaces for family members with special needs, we’re frequently on the hunt for homes to fit the needs of three generations at a time.”
The bottom line is that buyers want as much space as they can get in a new home. They want options, and they want to know a home has the ability to “grow” with them.
"I don’t think it’s a coincidence that the rise of Flex Spaces over the last several years correlates with people living in their homes longer before upsizing/downsizing,” notes Brinkoetter Realtor, Aimee Dial. “The purpose of the room may change, but their address doesn’t. This is especially crucial for real estate markets that haven’t seen a lot of appreciation over the years because it allows the owner to gain more equity in their house and really establish strong roots and relationships in their neighborhood."