The National Association of Homebuilders recently conducted a new home buyer study to determine what today's new home buyers are seeking in their new home. The study was conducted by NAHBâ€™s Economics and Housing Policy Group in 2012, based on a survey of home buyers nationwide (http://tinyurl.com/BuyerStudy).
The results of the study provide an interesting insight into the minds of the new home buyer within the current economic climate and is a useful tool in understanding the needs and wants of your client. Some of the finds are as follows:
- Energy Efficiency. Home buyers today are very interested in saving money on their energy bills. The study found that 90% of all new home buyers would rather spend more on a home that included energy-star rated appliances and windows, and an energy-star rating for the whole home, than save 2%-3% on a home that was not energy efficient.
- Organization and Storage. As home buyers continue to downsize from the mini-mansions of the boom years before the recession, the ability to keep belongings organized becomes ever more important. Built-in closets are increasingly popular, and not just in the master bedroom but in all of the bedrooms and some flex spaces. New home buyers like the convenience of a linen closet within each bathroom, rather than a central hall closet. Storage space in the garage and attic that can actually be utilized is highly coveted.
- Bathrooms. Powder rooms are still a must-have, even in very small condos and townhomes. Surprisingly, buyers are still insisting on separate tubs in the master bath, even though most people admit they never use them. Double-sinks in the master bath are much preferred as well.
This information is definitely useful in assisting homebuyers and I would recommend that anyone interested in buying or selling a home take a look at this study to glean some insight!