I can't lie though, the extra hour of sleep was nice!
It was a beautiful weekend. It was sunny with nice temperatures- I showed properties on Saturday, had a bridal shower and then my sister and her husbands birthday celebration on Sunday. All in all, it was a great weekend! TODAY however, it's snowing! Like, a lot.
I love learning about housing trends, both the sales stats and what is "in" such as what buyers are wanting and style/decor trends.
The National Association of Home Builders studied the trends compiled the list of "What Home Buyers Really Want." It's good information to know as a Realtor, home seller or buyer (because one day you will be a seller!).
What Do Home Buyers Really Want?
Many in the housing industry are wondering not only what today’s home buyers really
want, but also what they are ready to leave behind in light of current
economic realities. A new study recently released by NAHB, What Home Buyers Really Want,
was designed to answer these questions, and more specifically, to
provide the most current and accurate information on buyer preferences
so that NAHB members can deliver the home (and community) that today’s
buyers want and are willing to pay for.
So what do home buyers really want? The first answer is energy efficiency. Four of the top most wanted[1] features involve saving energy: 94% of home buyers want energy-star rated appliances, 91% want an energy-star rating for the whole home, 89% want energy-star rated windows, and 88% want ceiling fans (Figure 1).
The second message buyers are sending is they want help keeping their
home organized. The laundry room is wanted by 93% of buyers; in fact,
57% consider it essential and would be unlikely to buy a home without
it. This shows that most buyers want to keep the dirty laundry
contained in a room and away from plain view. Moreover, nine out of ten
buyers want a linen closet in the bathroom to help keep towels and
toiletries organized. Space in the garage to store bikes, sports
equipment, or gardening tools also ranks high on the buyers’ wish list:
86% want it. And a walk-in pantry in the kitchen is something most
buyers care a lot about as well (85%).
So what do home buyers really want? The first answer is energy efficiency. Four of the top most wanted[1] features involve saving energy: 94% of home buyers want energy-star rated appliances, 91% want an energy-star rating for the whole home, 89% want energy-star rated windows, and 88% want ceiling fans (Figure 1).
The second message buyers are sending is they want help keeping their
home organized. The laundry room is wanted by 93% of buyers; in fact,
57% consider it essential and would be unlikely to buy a home without
it. This shows that most buyers want to keep the dirty laundry
contained in a room and away from plain view. Moreover, nine out of ten
buyers want a linen closet in the bathroom to help keep towels and
toiletries organized. Space in the garage to store bikes, sports
equipment, or gardening tools also ranks high on the buyers’ wish list:
86% want it. And a walk-in pantry in the kitchen is something most
buyers care a lot about as well (85%).
What features should builders be careful about including in a typical
new home? First and foremost, an elevator. Seventy percent of buyers
reject it, meaning they would be unlikely to buy a home that included
it. Interestingly, four of the next five most unwanted features are not
about the home itself, but about the community. For example, 66% of
buyers do not want to live in a golf course community, 56% reject the
idea of living in a high density community, 48% do not want a gated
community, and 44% would not buy a home in a mixed use community (Figure
2).
More than half of all buyers also discard the option of having only a shower stall in the master bathroom with no tub (51%), and many are saying ‘no’ to two-story spaces as well. About 43% of buyers do not want a two-story family room and 38% feel the same way about a two-story entry foyer. Many buyers now consider these large, open spaces as energy-inefficient – the last thing they want for their homes. A complete outdoor kitchen is not an important priority to many buyers either, as 31% flat out discard the possibility of washing dishes, cooking, and keeping food refrigerated outdoors. For most buyers (62%), an outdoor grill will suffice.
More than half of all buyers also discard the option of having only a shower stall in the master bathroom with no tub (51%), and many are saying ‘no’ to two-story spaces as well. About 43% of buyers do not want a two-story family room and 38% feel the same way about a two-story entry foyer. Many buyers now consider these large, open spaces as energy-inefficient – the last thing they want for their homes. A complete outdoor kitchen is not an important priority to many buyers either, as 31% flat out discard the possibility of washing dishes, cooking, and keeping food refrigerated outdoors. For most buyers (62%), an outdoor grill will suffice.
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