A recent article posted on Realty Times outlines Buyers’ Home Feature Preferences as revealed in the latest National Association of Realtors 2007 Profile of Buyers’ Home Feature Preferences survey. According to Realty Times oversized garages saw the biggest growth in terms of what 57 percent of buyers deem “very important” in a home. Among buyers who purchased homes without this feature, 56 percent of them said they would have paid more for an oversize garage, compared to only 6 percent in the 2004 survey.
Realty Times also reports other priorities for today’s home buyers include air conditioning, with three out of every four respondents ranking this as “very important,” and a walk-in closet in the master bedroom, which was very important to 53 percent of respondents. Hardwood floors and granite countertops each gained 7 percentage points from the 2004 survey, with 28 percent and 23 percent, respectively, of buyers viewing these features as “very important.” Other preferred features include a backyard play area, living rooms and laundry rooms.
The survey reports responses from buyers who purchased homes in 2006. They were asked about 75 features and room types to assess the importance of each feature. A typical home purchased by buyers participating in the survey was $205,000, 12 years old, 1,840 square feet in size, with three bedrooms, two baths, central air conditioning and a garage.
To read this Realty Times article in its entirity click here.
Click here to see a related article on MortgageNewsdaily.
This information was brought to you by JoAnne Staler, Tennessee REALTOR with Rochford Realty & Construction Company is providing a unique level of service to buyers and sellers in Nashville, Brentwood, Franklin, Williamson County, Green Hills, Belle Meade, Bellevue, Forest Hills, Oak Hill, Vanderbilt, Belmont, Midtown, Downtown, Historic Areas, Spring Hill, and Thompson Station Tennessee. Whether Buying or Selling Real Estate locally or Relocating to Middle Tennessee, let a Top Selling Nashville Real Estate Agent help. To find out more about JoAnne Staler or search for real estate via the Middle Tennessee MLS visit www.JoAnneStaler.com.
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