Sunday, March 31, 2013

What Buyers look for in a Home?


For sellers who are looking at remodeling, and want to make sure their renovation dollars are well spent, this could be a road map of what to update or add to their homes. Some other highlights:
  • 78% of buyers chose a home with a garage
  • 58% purchased a home with a fireplace
  • New kitchen appliances were more important to buyers than granite countertops
  • 69% of buyers who didn't buy a home with new appliances would have been willing to pay more for a home that had them
  • Among buyers 55 and older, 42% rated a single level home style very important, compared to only 11% of buyers under 35
  • Buyers were willing to pay a higher dollar value for an in-law suite and a basement than other extra room types.
  • The feature that had the highest dollar value buyers were willing to pay extra for? Waterfront location.
  • 53% of buyers started a home improvement project within 3 months of buying, typically in the kitchen.
  • The majority of buyers wanted more or larger closets and more storage.

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