After Central Air, Buyers Want Walk-In Closets
AFTER CENTRAL AIR, BUYERS WANT WALK-IN CLOSETS
Article by: Robert Freedman, REALTOR® Magazine
Daily Real Estate News (March 13, 2013)
Recent home buyers who want a walk-in closet but didn’t get one in their home say they’re willing to spend $1,350 for one. That’s just one of the important findings in the 2013 Profile of Buyers’ Home Feature Preferences, released today by the National Association of REALTORS®.
Buyers who wanted new kitchen appliances but didn’t get them say they’re willing to spend $1,840 for them. Those who wanted air conditioning are willing to spend $2,520.
The report looks at 33 home feature preferences based on what a representative sample of U.S. households that bought between 2010 and 2012 say they value. Just over 2,000 households participated.
Among the findings: Households in the South tend to want the biggest and newest homes, and they like wooded lots. Those in the Northeast are most likely to like hardwood floors. First-time buyers and single women are big buyers of older homes. Households with children and move-up buyers like larger homes.
The report also contains these tidbits on buyer preferences:
- Among buyers 55 and older, 42 percent want a single-level home, compared to just 11 percent of buyers under age 35. Single women also tend to place importance on single-level homes.
- Single men want finished basements.
- Single men and married couples place importance on new kitchen appliances.
- Among all 33 home features in the survey, central air conditioning is the most important to the most buyers; 65 percent consider this very important.
- The next most important feature is a walk-in closet in the master bedroom; 39 percent considered this very important.
- Also important — buying a home that’s cable-, satellite TV-, or Internet-ready.
- Thirty-two percent of buyers say they’re willing to pay a median of $5,420 more for a residence that also has waterfront property, and 40 percent say they’re willing to pay a median of $5,020 more for a home that’s less than five years old.
Source: Robert Freedman, REALTOR® Magazine; Daily Real Estate News (March 13, 2013) | Blog, In The News, distribution provided by Kenneth Bargers and Bargers Solutions, member of Pilkerton Realtors, residential real estate services located in Nashville, Tennessee
Written by Kenneth Bargers
March 13, 2013 at 4:06 pm
Posted in real estate
Tagged with 2013 profile of buyers home feature preference, bargers solutions, blog, daily real estate news, home buying, home feature preferences, home features, home ownership, in the news, kenneth bargers, Nashville, national association of realtors, pilkerton realtors, realtor magazine, robert freedman, survey, tennessee