This post originally appeared on The Basis Point: Top Stats on What Homebuyers Want In Homes—August 2019
Even though the way we buy, sell, and finance homes is changing in major ways, there hasn’t been a revolution in what we actually want out of our them.
New reports from National Association of Realtors and the National Association of Home Bulders prove that we still just want plain ol’ comfort and stability.
WHAT HOMEBUYERS WANT, AUGUST 2019
The NAR report is all about what parent homebuyers want, and you won’t be surprised by what they found.
-53% of parent homebuyers say quality of schools is an important part of their buying process.
– Families with kids buy homes with an average square footage of 2,110 feet—childless domiciles only average 1,800 sq. ft.
– 26% of parent homebuyers said childcare expenses delayed buying a home
The NAHB surveyed millennial homebuyers on the features they want—and our needs aren’t flashy.
– The #1 essential feature is a laundry room—50% of millennials say they need one in a home
– Next most-desired feature are ceiling fans at 40% of millennials
– Contrary to our Instagram feeds, front porches, patios, and walk-in pantries are the least essential features at 34%
WHAT WE DON’T WANT
– NAHB says the least-desired feature in a home is an elevator—47% of millennials say they can do without
– 30% said they could live without a golf course. I can’t imagine!
So while the real estate and consumer finance world is changing before our eyes, our taste in homes is the same as ever.