What Home Buyers Really Want in 2013

39d503685bb824cfbb900c717113cf2cHome buyers want energy efficiency, according to a new study released by the National Association of Home Builders titled, “What Home Buyers Really Want.” The study 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 that today’s buyers want and are willing to pay for.

Four of the top-ranked home features involve saving energy. 94 percent of home buyers want energy-star rated appliances, 91 percent want an energy-star rating for the whole home, 89 percent want energy-star rated windows, and 88 percent want ceiling fans. About 43 percent of buyers do not want a two-story family room and 38 percent feel the same way about a two-story entry foyer. More buyers view these open spaces as less energy efficient, so they’re no longer as highly rated.

A complete outdoor kitchen is also not an important priority to many buyers either. 31 percent flat out discard the possibility of washing dishes, cooking, and keeping food refrigerated outdoors. For 62 percent of buyers, an outdoor grill will suffice.

The second message buyers are sending is they want help keeping their home organized. A linen closet in the bathroom (90 percent), a walk-in pantry in the kitchen (85 percent), and space in the garage for storing lawn and sports equipement (86 percent) tops the wish-lists of most buyers. A laundry room is also essential to 57 percent of buyers. Meanwhile, more than half of all buyers also discard the option of having only a shower stall in the master bathroom with no tub (51 percent).

Other interesting facts from the study include what home builders ought to avoid. 70 percent of buyers reject the idea of a home with an elevator, meaning they would be unlikely to buy a home that included it. Certain types of communities also top the list of what buyers are avoiding. 66 percent of buyers do not want to live in a golf course community, 56 percent reject the idea of living in a high density community, 48 percent do not want a gated community, and 44 percent would not buy a home in a mixed use community.

 

Posted in Home Ownership.

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