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What Buyers Want Right Now
As the country battles itself out of the recession, a certain wave of practicality has swept through the housing industry. Home buyers are more cautious about their investments and want affordable homes in great condition and great locations. If they don't feel like a home is superior in terms of updates and amenities, they want a deeply discounted price. Downsizing to a smaller home, low mortgage balances and eco-friendly homes are becoming very chic. Here is a sampling of what is popular right now:
Smaller Homes: According to the National Association of Home Builders, the median size of a US home in 2007 was 2,277 sq. ft.; in 2009, that size shrunk to 2,135 sq. ft. The number of rooms isn’t changing but the size of them are. Smaller homes generally mean smaller mortgages and property taxes, and they are easier/cheaper to heat, clean and maintain.
Functionality and layout are still key. Families want the usefulness of a larger home but in a smaller space. So areas that can have 2-3 purposes (say an office/den/guest room) and wisely maximize every inch of space are what buyers want.
Green Homes: This trend is gaining momentum. Whether it is Energy-Star appliances, tankless ... more

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