What buyers prefer
The National Association of REALTORS® has released a study that indicates what buyers in different "stages" of life prefer when looking for a home to buy.
The study results are published in the first-ever "2004 NATIONAL ASSOCIATION OF REALTORS® Profile of Buyer's Home Feature Preferences".
Some of the interesting results:
"Although most buyers choose homes located in suburbs or subdivisions, homes purchased by first-time buyers are more likely to be older and located in a central city, while repeat buyers are more likely to select a new home. Older buyers are more inclined to purchase in a small town."
Regionally there are differences too! "Nearly 90 percent of buyers in the South rate central air conditioning as a very important feature, compared to only 37 percent in the Northeast. Buyers in the West are more likely to desire a patio or fencing, while buyers in the Northeast and Midwest are more interested in a finished basement."
You'll want to read this very interesting survey! Do you know what the #1 desired amenity is for a homebuyer? Then read more about the entire survey here.