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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