Health & Fitness
What Homebuyers Want
Buying a new home is an exciting endeavor. Most buyers think about the house as a whole when they start looking, but it turns out that particular home features exert a big influence on the final decision.
The NATIONAL ASSOCIATION OF REALTORS® 2013 Profile of Buyers’ Home Feature Preferences examined which features buyers prefer when purchasing a new home and includes preferences for different age groups and areas of the country.
Spoiler alert: Southerners value air conditioning.
The Typical Home Buyer
Overall, the typical, recently purchased home was 1,860 square feet and built in 1996. Average buyers also purchased three-bedroom, two-bath homes. Slightly over half of the homes purchased were on a single level.
Seventy-eight percent of all buyers surveyed purchased a home with a garage.
Central air-conditioning was the most important feature out of all 33 features in the survey. Second most important was a walk-in closet in the master bedroom. Close behind was the desire for a home that was cable-, satellite TV-, and/or Internet ready as well as an en suite master bedroom.
When it came to the actual home purchase, 94 percent of buyers who thought air-conditioning, walk-in closets and cable-ready homes were important bought a home with the above-mentioned features.
Other factors that influence buyers' preferences include: geography, age and marital status.
There's several buyers who are willing to pay a bit more for a home, as long as they have certain features, such as air conditioning, new kitchen appliances, etc.
And many homebuyers get to work on remodeling parts of their houses as soon as they move in. Happiness levels aside, the bigger home down the block is always appealing. That’s just human nature.
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