Sunday, September 16, 2007

Who Cares if Gas Prices are High!


Home buyers in increasing numbers want garages with two or more spaces in their homes, according to the 2007 Profile of Buyers’ Home Feature Preferences, released this week by the National Association of Realtors®.The survey reports responses from buyers who purchased homes in 2006. Home buyers were asked about 75 features and room types to assess the importance of each.
Since the last survey in 2004, oversize garages saw the biggest growth in terms of what recent buyers considered very important in a home, gaining 16 percentage points to 57 percent. 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.
Other priorities for today’s home buyers include air conditioning, with three out of every four 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 counter tops each gained 7 percentage points, with 28 percent and 23 percent, respectively, of buyers viewing these features as “very important.”
I see hundreds of homes for buyers every year, and agree that these features are among the most requested, but every buyer is different, and every wish-list is important.

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