It’s not an easy question to answer and the answer can vary a great deal from one buyer to the next. While personal circumstances and individual preferences will often dictate the answer to this question, this article seeks to identify which features are generally more important to buyers when considering a home purchase.
You can never have too much storage space. A little cliche to be sure but don’t let that diminish the truth in the statement. Believe it or not a big consideration when it comes to ‘storage space’ is the garage. More and more buyers today are insisting on a double garage. Very few people use the garage for its intended purpose (to store cars) but it sure makes a great place to pile a lot of other stuff. Of course it doesn’t hurt that it usually includes access to a main floor laundry/mud room… yet another place people store their stuff!
It should come as no surprise that cable or satellite readiness and access to high-speed Internet are amongst the most important features for buyers. By extension, buyers place a premium on homes that enable technology especially when it comes to new construction.
Many buyers express interest in homes that have been pre-wired for surround-sound, in-wall speakers, high speed Internet via Cat-5 Ethernet cables and HD digital satellite or cable via RG-6 cables. After all, what good is the latest 60″ HD Plasma TV if you don’t have an HD feed!
There is a major ongoing trend in new home construction when it comes to ceiling heights which have been rising over the last 10 years. By 2005, 9-foot ceilings surpassed 8-foot ceilings as the standard in new single-family homes. Many upscale homes now come standard with 10-foot ceilings or more on the main floor and 9-foot ceilings on the second floor and in the basement. Ceiling height helps to make homes appear significantly larger and adds to the overall aesthetics of the home.
Room Sizes have been increasing for a number of years. Buyers tend to place the most importance on 3 key rooms which include the Kitchen, the Family room and the Master bedroom. You can expect to see these 3 rooms continue to increase in size over the next 10 years while rooms such as the living and dining room are likely to get smaller or disappear altogether. Many new homes scrap the living room and instead incorporate that space into the Family room otherwise known as the ‘Great’ room.
Flooring and Lighting
Some other features that home buyers consider very essential when buying a home include central air conditioning, recessed lighting, hardwood flooring, energy efficiency and the potential to turn a profit should they decide to sell that home in the near future.
You may be wondering why knowing what other home buyers want in a home is important. Of course, you as a home buyer will have your own priorities when it comes to the features that are most important to you however consider one important fact: Knowing which features hold the most general market appeal to the largest number of buyers will certainly help when it comes time to sell that same home down the road.
Scott is a consultant and writer at Read Dive. Scott completed a creative writing course from Fordham University. He has written a lot of content in real estate, startups, and technology industry.