What Home Buyers Really Want In A Home
The real estate market is buyer’s market today so they tend to be more picky then they used to be. There are four things home buyers look for the most in their homes. The four things are modest floor plans, comfort and organization, smaller prices, and better energy efficiency.
When it comes to the floor plans home buyers are looking for modest not extravagant. Survey’s today show most home buyers are looking for small houses over big houses. Mansions are a thing of the past. In the year 2012 nine percent is looking for eight hundred to one thousand four hundred square feet, twenty eight percent are looking for one thousand four hundred and one to two thousand square feet, twenty seven percent are looking for two thousand and one to two thousand and one square feet, thirteen percent of people are looking for two thousand six hundred and one to three thousand and two hundred square feet, and nine percent of people are looking for three thousand and two hundred square feet and bigger.
In the year 2011 nine percent of people are looking for eight hundred to one thousand four hundred square feet, thirty two percent of people are looking for one thousand four hundred and one to two thousand square feet, twenty seven percent of people are looking for two thousand and one to two thousand six hundred square feet, twelve percent of people are looking for two thousand six hundred and one to three thousand two hundred square feet, and six percent of people are looking for three thousand two hundred square feet and bigger. According to the builders today, they predict that the average home will be 2,152 square feet. Americans were not always looking for so much square footage in 1950 people were used to only 290 square feet, 2010 was 924 square feet.
Comfort and Amenities
Organization and comfort is another important aspect of today’s home buyers. The top ten amenities buyers are looking for today are low e windows, linen closets, thermostats that can be programmed, a great room, nine foot ceilings or higher on the first floor, front door that is insulated, laundry room, appliances and lighting that are energy efficient, separate tub and shower in the head bathroom, and a walk in closet in the head bedroom.
The third most important aspect of a home is the low price tags. Most buyers today look for homes that come in under $200,000. Forty five percent of people are looking for a price tag of $200,000 or lower. Thirty one percent is looking for a price from $200,000 to $299,000. And twenty four percent of people look for a price of $300,000 or more. The average price range has dropped 38.1% in the last five years.
The last important aspect is improved energy efficiency. The energy efficient aspects they want are energy star appliances, more natural light, extra insulation in the attic and other insulation throughout the house like panels or foam, energy efficient heating and air conditioning units, and an efficient design. Only seventeen percent of homes that are in the green category made up of overall construction in 2011. Experts have predicted that by 2016 the number will be thirty eight percent.