Monday, August 3, 2015

The Wyss Report: What Buyers Want

The National Association of Home Builders conducted a nationwide survey on what home buyers are looking for when purchasing a new house. Both people who had recently bought a home as well as prospective purchasers were asked what they felt were the most important features.

  • Buyers want a home with a median of 2,226 square feet
  • Lot size was important to 75% of purchasers
  • Close to half want 3 bedrooms while about 30% want 4 bedrooms
  • 65% want either 2 or 2.5 baths
  • 57% of buyers prefer a single story home
  • Over half want a 2 car garage
  • For 65% of buyers, the most critical characteristic is 'living space and the number of rooms that meet their needs'
  • Buyers focus on quality and appearance for most home features
  • 85% or more buyers are interested in energy efficiency and organization/storage
  • 84% want a walk-in pantry, table space for eating and a double sink in the kitchen
  • Over 80% of buyers ant both a tub and shower in the Master bath
  • 65% of buyers would sacrifice space in the Master bath for a larger Master bedroom
  • 90% of buyers consider outdoor lighting essential
  • 50% would like to have a wireless security system in their new home
  • 62% would choose a small home with high quality products and amenities VS a larger home without
  • 67% of buyers want an environmentally friendly home but aren't willing to pay more for it

If you have a need for a real estate professional, please contact me. I would also appreciate your vote of confidence by passing my name to anyone you may know who would benefit from my services.



No comments:

Post a Comment