What are today's home buyers looking for? According to a survey* of 22,000 recent home buyers, they plan to be “more practical” in their next purchase, focusing on livable space rather than "unnecessary upgrades." Extras such as pools, media rooms and even dining rooms are considered unnecessary luxuries, with the focus being more on such things as:
- Efficient use of space (e.g. cabinets that go all the way to the ceiling)
- More workable kitchens (islands are still quite popular)
- "Greener" features (insulation, high-efficiency appliances)
- Nearby walking paths and playgrounds
In the master bath, whirlpool tubs are giving way to soaker tubs. But both are secondary to oversized showers.
Some features that are still important to buyers, however, include a home office, minimum two-car garage, and master suite on the ground floor (if it's a two-story home).
Of course, I think most buyers these days (40% of whom are first-timers) are also looking for a good deal. With interest rates and prices at historic lows, and with a small window of opportunity to cash in on the tax credits now available, what better time to be a buyer? Feel free to browse current Chico properties for sale at my web site: www.ChicoLaura.com
* As cited in the L.A. Times. To read the whole article, click here.
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