What features are in demand in the starter homes/downsizing home buyers?

Asked by Rummus, Lowell, MA Tue Jan 18, 2011

I am looking for home in the westlands neighborhood closer to highway access. I heard that is a good neighborhood. What featues are buyers looking for in starter/down sizing market segment? I am buying home now with an eye on easily resellabe property. Range = 325k. My strategy was to buy the home which i like obviously but also buy the one which has enough features that would make other buyers interested in it when time comes to resell.
So what things i need to make sure the home will have for this market.

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10
Sameer Punja…, Agent, Vallejo, CA
Tue Jan 18, 2011
BEST ANSWER
Well, you want to buy something thats probably good for the kids, ie parks and schools nearby, grocery and freeway access for the mother and father to go to work and even golf courses if you can find em. As far as the the actual home, you probably want a decent size yard, not too big though. As far as bedrooms, you probably don't want the master bedroom downstairs, since most parents want to be close to their kids. If you have a den / study room as well, thats great for the "stay at home working mom" to get her stuff done, while she can still watch the kids...

Hope this stuff helps. Thanks and good luck.

oh ps, you may want to check out those home shows on TV...they can always give you great ideas.

Sameer
1 vote
The Roskelly…, Agent, Gambrills, MD
Mon Feb 7, 2011
I'm with Jerry on the updated kitchen and baths. Plus large bedroom sizes and kitchens.
0 votes
Jerry Cibuls…, Agent, Southold, NY
Mon Feb 7, 2011
One of most sought after features are updated kitchens and bathrooms. Buyers are looking for fresh kitchens with updated appliances and anything but formica counter tops. Hardwood floors are also in demand. Just make sure you are in a desirable neighborhood and the most popular configuration is a minimum of 3 bedrooms and 2 baths. Have fun house hunting!
0 votes
Tom and Joan…, Agent, Boston, MA
Mon Feb 7, 2011
Rummus:

If you are looking at a downsizing market then I would recommend buying a ranch. Condition is really sought after in this market and most markets so I would make the property has updated as possible. Best
0 votes
Justin Ruzic…, Agent, Greenville, SC
Tue Jan 25, 2011
Rummus, in three years home trends have changed completely, i would caution you that in the next three years, trends could shift again. Yes, you could say 3,2,garage, ect...but if you live in a area with newer homes and the builder focused on 4 bedroom homes then having a 3 bedroom would be bad. Buy a home you love, take care of it, and someone else will love it too. There are too many homes that people live in these days without respecting and keeping their homes in top notch condition, so if you do that you will find a buyer down the road.

Ps. If you have found this to be a helpful and resourceful answer please mark it as best answer. Thank you.

Justin Ruzicka,
http://www.house-guy.com
0 votes
Melissa Manc…, Agent, Plainville, MA
Tue Jan 25, 2011
One thing you will never be able to change or improve in the property during your ownership is the location and school districts. I would use that as your platform and work your way from there. I would also say next in line would be the overall condition of the systems. (newer roofs and siding, windows, high effeciency heating systems, updated electrical systems).. and then square footage and number of bedrooms/baths. Feature amenties such as hardwood floors, updated baths/kitchens are just the cherry on top and are not AS important. If there is a brand new kitchen but a sagging roof and fuse electrical system the kitchen may not be reason enough alone to move forward with a purchase.
0 votes
Joe Arnao, Agent, Sanwich, MA
Wed Jan 19, 2011
3 Bedrooms, 2 Baths, garage, basement - finished or not, open floor plan.
0 votes
Heidi Zizza, Agent, Framingham, MA
Wed Jan 19, 2011
Familes want eat in kitchen with updated cabinets and updated baths. hardwood floors are best and master bedrooms are now bigger. It will depend on the age of the home, however a well maintained home regardless of age etc.. will resell if it is clean and updated
0 votes
Bill Eckler, Agent, Venice, FL
Wed Jan 19, 2011
Rummus,

Our recommendation is to build with an eye on the future, taking into account building trends. Future buyers will likely be targeting these types of homes.

"Green" ......should be your first consideration after, "location, location, location!" Make sure you focus on creating a living space that is energy friendly.....tomorrow's buyers will lean toward these properties.

Additionally, we are told that people are tending to avoid the excessively large homes and focusing on creating smaller more efficient living space with rooms that have the flexibility to serve multiple purposes. Be sure to include considerations for an "outdoor" living space that provides privacy for family relaxation.

Good luck,

Bill
0 votes
Amy Mullen, Agent, Shrewsbury, MA
Tue Jan 18, 2011
Exciting! :)

Closet space...eat-in kitchens...at least 2 bathrooms...hardwoods. That is the quick list.

What is your taste? You will be living there for awhile and there are many small things that are easy to change when you are ready to move on.

Amy
0 votes
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