The document summarizes key findings from a 2007 survey of home buyers by the National Association of Realtors about their home feature preferences. It found that oversized garages, hardwood floors, and granite countertops were most important to buyers. Buyers were willing to pay the most for central air conditioning and waterfront properties. Younger buyers prioritized backyards while older buyers wanted walk-in closets. Most buyers undertook home improvement projects immediately after purchasing and spent on average $4,350.

1. What Buyers Want! Highlights from the NATIONAL ASSOCIATION OF REALTORS ® 2007 Profile of Buyers' Home Features Preferences NAR Research Division, August 2007

3. What was Important While Searching for a Home? The 2007 NAR Profile of Buyers' Home Features Preferences It was “very important” to find a home with:

5. Change in Preferences in Time The 2007 NAR Profile of Buyers' Home Features Preferences It was “very important” to find a home with: N/A N/A

7. Most Important Features by Region The 2007 NAR Profile of Buyers' Home Features Preferences SOUTH NORTHEAST MIDWEST WEST

8. Age Makes the Biggest Difference in What Buyers Want Back yards for younger buyers Walk-in closets for older buyers

9. Examples of Differences in Desired Features by Age of the Buyers The 2007 NAR Profile of Buyers' Home Features Preferences

11. Energy Efficiency is Most Important to New-Home Buyers As buyers age, this becomes more important

12. How Important was a Home’s Energy Efficiency When Searching for a Home? The 2007 NAR Profile of Buyers' Home Features Preferences Age of Home Buyer:

14. Characteristics of Homes Purchased The 2007 NAR Profile of Buyers' Home Features Preferences Medians $205,000 71% 41% 82% 83% 1 2 3 2 12 years 1,840 sq. ft. 2007 2004 N/A Purchase price (median) 71% Previously owned N/A Basement N/A Garage 83% Central air conditioning 1 Number of fireplaces 2 Number of full bathrooms 4 Number of bedrooms 1 Number of levels 15 years Age of home 1,730 sq. ft. Size of home

16. Type and Location of Homes Purchased The 2007 NAR Profile of Buyers' Home Features Preferences

18. How Satisfied Were Recent Home Buyers? The 2007 NAR Profile of Buyers' Home Features Preferences

20. Who Did Home Improvement Projects Within Three Months of Purchase? The 2007 NAR Profile of Buyers' Home Features Preferences Buyers who purchased homes aged:

21. Which Home Improvement or Remodeling Projects? The 2007 NAR Profile of Buyers' Home Features Preferences Features added or replaced: Rooms where improvements were undertaken: