What home buyers are looking for
“The coronavirus without a doubt led home buyers to reassess their housing situations and even reconsider home sizes and destinations,” says Jessica Lautz, Vice President of Demographics and Behavioral Insights, National Association of Realtors®
“Buyers sought housing with more rooms, more square footage and more yard space, as they may have desired a home office or home gym,” she adds. “They also shopped for larger homes because extra space would allow households to better accommodate older adult relatives or young adults that are now living within the residence.“
The top three most important home characteristics for home buyers are:
- Outdoor space – A large backyard, patio, and front porch
- Kitchen features – A renovated kitchen, walk-in pantry, and double kitchen sink
- A garage – Preferably two-car
Additional hot ‘must haves’ for buyers include a laundry room and exterior lighting, according to NAHB’s latest study on consumer preferences – What Home Buyers Really Want (2021 Edition) – a focus on energy efficiency: ENERGY STAR windows, ENERGY STAR appliances, and energy efficient lighting, ceiling fans, hardwood floors for the main level, and a full bath on that main level.
So much has changed over the past year, including what many of us need in a home. Spending extra time where we currently live is enabling many of us to re-evaluate homeownership and what we find most important in a home. And, while COVID-19 has clearly left an impact on some consumer preferences, the top home characteristics remain constant for home buyers and have not changed during the pandemic. (source: realtor.com)
Whether it’s a house that has the features suited to working remotely, space for virtual or hybrid schooling, a home gym or theater, or something else, selling this spring gives you a chance to make a move and find a home that better meets your needs.
- 5 Reasons To Sell Your Central Oregon Home This Spring
- Top 4 Reasons People Are Moving This Year
- Why Going FSBO In A Seller’s Market May Cost You More
It’s a great time to sell if you’re ready to make a move
If you’re among the many homeowners who have realized their current home doesn’t meet their new needs, and with buyer demand at an all-time high, now is a great time to sell. Let’s work together to plan the best way to maximize the assets of your home when you’re ready to make a move. Connect with a FRED Listing Specialist via the form below, and we’ll follow up promptly to assist.