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What Homebuyers Want in Their
      New Home, Pt. 1




   NAR’s 2013 Profile of Buyers’ Home Feature Preferences
        What homebuyers want in their new homes.
2013 Profile of Buyers’ Home Feature Preferences
         Main features buyers want in their new homes

• Garages continued to be a huge selling point for homebuyers, with 78
  percent of all homebuyers purchasing a home with a garage; new
  homebuyers, Midwesterners and suburbanites were especially loving
  towards garages.

• Though 41 percent of homebuyers bought homes with basements, it was
  a more common feature in the Midwest and Northeast, while Southerners
  typically bought the largest homes at an average of 2,000 square feet. Age
  was a very important factor.

• Among homebuyers 55 and older, 42 percent considered finding a single-
  level home important, compared to just 11 percent of homebuyers aged
  35 and under; interestingly, single men preferred homes with finished
  basements, while women preferred single-level homes, while single men
  and married couples preferred homes with new kitchen appliances.
2013 Profile of Buyers’ Home Feature Preferences
         Main features buyers want in their new homes
• Unsurprisingly, central air conditioning was the biggest demand for
  homebuyers, with 65 percent considering the feature “very important” to
  their home search; that was followed by a walk-in closet with 39 percent,
  an en-suite master bathroom and finally, cable/satellite TV/Internet
  capabilities.

• Those features did indeed influence what homes were ultimately purchase
  – of the homebuyers who rated central AC and cable et. al. as very or
  somewhat important, an incredible 94 percent were true to their word,
  buying homes with those very featured. Also important was an eat-in
  kitchen, with 89 percent of homebuyers who valued that feature buying
  such properties.

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What Homebuyers want in their New Home, Part 1

  • 1. What Homebuyers Want in Their New Home, Pt. 1 NAR’s 2013 Profile of Buyers’ Home Feature Preferences What homebuyers want in their new homes.
  • 2. 2013 Profile of Buyers’ Home Feature Preferences Main features buyers want in their new homes • Garages continued to be a huge selling point for homebuyers, with 78 percent of all homebuyers purchasing a home with a garage; new homebuyers, Midwesterners and suburbanites were especially loving towards garages. • Though 41 percent of homebuyers bought homes with basements, it was a more common feature in the Midwest and Northeast, while Southerners typically bought the largest homes at an average of 2,000 square feet. Age was a very important factor. • Among homebuyers 55 and older, 42 percent considered finding a single- level home important, compared to just 11 percent of homebuyers aged 35 and under; interestingly, single men preferred homes with finished basements, while women preferred single-level homes, while single men and married couples preferred homes with new kitchen appliances.
  • 3. 2013 Profile of Buyers’ Home Feature Preferences Main features buyers want in their new homes • Unsurprisingly, central air conditioning was the biggest demand for homebuyers, with 65 percent considering the feature “very important” to their home search; that was followed by a walk-in closet with 39 percent, an en-suite master bathroom and finally, cable/satellite TV/Internet capabilities. • Those features did indeed influence what homes were ultimately purchase – of the homebuyers who rated central AC and cable et. al. as very or somewhat important, an incredible 94 percent were true to their word, buying homes with those very featured. Also important was an eat-in kitchen, with 89 percent of homebuyers who valued that feature buying such properties.