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What Buyers Are Looking For In a Home

By: Huntsville Real Estate Expert Mike Manosky On May 22, 2015

Recent articles published by RISMedia highlighted surveys of homebuyers done by others concerning the most important features buyers are looking for in a home. Below is a blend of the highlighted surveys by the National Association of Realtors, National Association of Home Builders and Realtor.com.

  • buyers looking forEnergy Efficiency is the top priority for a majority of homebuyers. This includes a range of items including: energy-star rated appliances; energy-star rating for the entire home; energy-rated windows; and ceiling fans.
  • Homes suited for the next 15 years are a higher priority than it used to be. Just 5 years ago, the duration desired was 10 years. This, of course, ties in with energy efficiency. It also ties into…
  • Overall affordability, and ability to obtain a good mortgage loan. Mortgages are not as easy to obtain today. Therefore, a high value compared to cost is very important.
  • Quality of both the neighborhood and the schools is high on the list for homebuyers.
  • Location convenient to work is a high priority.

Other features more particular to the home itself are…

  • Open floor plans conducive to entertaining and create spaces for quality time with family and friends.
  • High ceilings are desirable because of their aesthetic value creating a feeling of grandness. However, just as many homebuyers did not like high ceilings because they are not considered to be energy efficient.
  • Technology has become a very important item. Many homebuyers have become very interested in being able to operate their homes with smart phones.
  • Features that help them keep their homes organized are important to many homebuyers. Having a laundry room where they can keep laundry out of sight in a separate room is important to 93% of those surveyed. An astounding 57% said they would be unlikely to buy a home without it.

Ninety percent of buyers are looking for a linen closet in their bathrooms to help keep towels and toiletries organized. Garage space for storage of bikes, lawn care and sports equipment is high on their wishlist. A walk-in pantry in the kitchen is considered desirable by 85% of respondents.

When buying or selling a home there are many features to consider as being on the tops of the minds of homebuyers.

Information courtesy of Huntsville Real Estate Broker Mike Manosky.

 

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