orange and white tabby cat sitting on brown wooden table in kitchen room

Many times, those looking for their dream home are asked numerous questions by their real estate agents. Are they searching for an apartment or a home or condo, a mansion, or perhaps a property for elderly relatives to live in one day? What’s not mentioned (and in a great deal of negligence) is that the living conditions of pets are equally and if not more crucial than the other aspects real estate agents concentrate on.

The Stats

A recent survey revealed that 68 per cent of American household owners (numbering about 85 million households) owned at the very least one pet. That’s a staggering 56% rise from the figures taken in 1988 – the first time that this particular survey was conducted. An examination of the details of these figures will reveal that 48% of the pets were cats, 38% were dogs and the remainder comprised other mammals reptiles, birds, and fish.

Pets” Spend

Apart from having animals in their homes, it was observed that Americans spend an average of $61 billion on their pets. This huge sum is divided into toys, animal food furniture, furniture and other items that are associated with their furry companions. A study found that this expenditure is up by 25% from what it was in 2013. Many experts believe that apart from the money that pet owners spend on their pets, they valued them way above what money can purchase. They are “pets” and are generally viewed as loyal companions, therapists as well as exercise partners and much more.

“Starter Children”

Another fascinating finding was the number of millennials who owned pets. While previous generations may have had children and a pet simultaneously but the millennials seem to be embracing animals as “starter kids”. As a way of preparing for, or even to replace children, the millennial generation prefers to bring in pets to start their families.

Making Adjustments

In many instances, developers, architects, and owners’ properties fail to provide enough choices for those looking for pet-friendly residences. Recently modern apartment buildings have made the necessary adjustments by offering dog-walking and pet grooming services, pet pools, and parks for pets, to mention several others. Based on the data that was mentioned earlier – the amount pet owners per American family; the annual amount spent on pets; and the foster care of pets by children in the population, it’s about time that the real estate market changed its approach to looking at pets. They’re family and families need homes.

 

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