13 Most Desired Home Features Buyers Look For

13 Most Desired Home Features Buyers Look For
Trends in Homebuying Preferences

Recent research reveals shifting preferences among homebuyers, with a willingness to trade size for essential amenities and personalized touches.

  • The average size of newly constructed homes has dipped to its lowest point in 13 years, at 2,479 square feet
  • 26% of builders intend to construct even smaller homes in 2024
  • Homebuyers prioritize personalized touches that make their homes feel unique and tailored to their preferences
  • Preferences include custom features like kitchen islands resembling furniture pieces

 

Homebuyer Preferences for Smaller Spaces

Despite the trend towards smaller homes, homebuyers prioritize certain amenities.

  • Nearly 40% of surveyed homebuyers are open to purchasing homes with smaller lots
  • 35% are willing to buy smaller homes, but have clear priorities within these spaces
  • Areas like home offices and dining rooms are areas of potential compromise, while ample kitchen and closet space are non-negotiable
 
Key Property Amenities

Homebuyers consider the following amenities essential or desirable:

  • Laundry room
  • Patio
  • Energy Star windows
  • Exterior lighting
  • Ceiling fans
  • Garage storage
  • Front porch
  • Hardwood flooring
  • Full bath on the main level
  • Energy Star appliances
  • Walk-in pantry
  • Landscaping
  • Table space in the kitchen
 
Growing Demand for Technological Features

Technological advancements are gaining traction among homebuyers, particularly those focused on safety and convenience:

  • Security cameras
  • Wired home security systems
  • Programmable thermostats
  • Multi-zone HVAC systems
  • Energy management systems
  • Video doorbells

 

Multigenerational Living Preferences

With the rise of multigenerational living arrangements, preferences are shifting towards homes with two primary bedroom suites:

  • 55% of homebuyers express a preference for homes with two primary bedroom suites

 

Builders' Priorities for 2024

Builders are focusing on incorporating certain features into newly constructed homes:

  • Laundry rooms
  • Great rooms (kitchen/family/living room)
  • Nine-foot-plus first-floor ceilings
  • Central islands in kitchens
  • Walk-in closets in primary bedrooms
  • Low-E windows
  • Walk-in pantries
  • Front porches
  • Programmable thermostats
  • Two-car garages
  • Indoor fireplaces
  • Patios
 
Features Less Likely to Be Included

Some features are less likely to be included in typical homes:

  • Cork flooring for living areas
  • Geothermal heat pumps
  • Dual toilets in primary baths
  • Glass walls
  • Pet washing stations

 

 

DISCLAIMER:
The information provided in this blog was taken from www.nar.realtor

 

 

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