NAHB recently released their in-depth study, What Home Buyers Really Want which provides an overview of the most important features buyers are looking for in a home.
Nationally 65% of home buyers indicated their first priority in buying a home is to make sure the “living space and number of rooms” met their needs.
Three of the ten most-wanted features in a home were associated with energy efficiency:
- 94% wanted ENERGY STAR rated appliances (with 36% viewing these as a “must have”)
- 91% wanted an ENERGY STAR rating for entire home (with 28% rating this as a “must have”)
- 89% wanted ENERGY STAR rated windows (with 35% rating this as a “must have”)
Organization is also very important, with 93% of buyers wanting a separate laundry room, 90% wanting a linen closet in the bathroom, and 85% wanting a walk-in kitchen pantry. Garage storage space also scored high nationally.
In the Tri-Cities, we are also taking note of that trend, with buyers asking for larger garages and/or a separate shop for “toys”. “Smart storage” is the trend here locally. This includes everything from closet organization systems to garage organization systems and more!
Additionally, having a full tub/shower option in the master bathroom is important nationally.
Interestingly, nationally buyers are shying away from two-story spaces such as in the living room or family room because they are being viewed as “energy inefficient”. In fact, locally, we are seeing very high demand for single-story homes.
Locally, we are also seeing a high demand for “low maintenance” exterior and landscaping. Stucco or Hardiplank siding along with native landscaping is what buyers are attracted to. People are very busy and our cold winters and windy conditions can wreak havoc on wood exteriors or elaborate landscaping.
Finally, one trend we are seeing locally is buyers wanting some kind of “wow” factor in a home. Something that makes the property stand out. That might be a view, a backyard for entertaining, or an entry with punch. Also, trendy contemporary finishes such as concrete and glass are in-demand at the moment.
If you are thinking about moving or making some updates to your property, keep these “buyer must-haves” in mind and think about what you really want – or need! – in your place to call it home. Please call Jennifer at (509) 947-5670 or Jessica at (509) 947-2230. We can take a look at your “must have” list and help you determine the best way to get there!
