"Buyers say they would prefer a 2,200 square foot home. This is slightly under the median size of new single-family homes that have been started since the beginning of 2011." ~ What Buyers Really Want Report by NAHB
Eden Prairie, Minnesota (PRWEB) March 04, 2013
Whether a home is a new construction project, or a major home renovation, a recent survey helps home builders give considerable weight to what most home buyers want when they are looking for a home. The National Association of Home Builders (NAHB) released their annual "What Home Builders Really Want" survey results that says home buyers want energy efficiency.
"Being based on a nationwide 2012 survey of new and potential home buyers, the study provides key insight into home buyers’ preferences. They have every right to be choosy. Existing home owners preparing to sell their home and architects building designs for new homes gain a big head's up as to what home buyers really want," says Butch Sprenger, owner of Destiny Homes.
What home buyers seem to want most is high-end amenities, regardless if that translates into owning a smaller home to obtain them. According to the survey, 62 percent of the respondents favored high-quality products and home amenities over more floor space. Owning a McMansion certainly isn't everything, as the average home buyer prefers spending on a green, energy efficient home and home technology over spacious floor plans.
Destiny Homes finds home renovators and buyers have the following "Wish Lists" as substantiated in the "What Buyers Really Want" survey:
1) Home purchasers want kitchen with quality materials and features, such as a double sink and granite or similar composite countertops, and energy efficient appliances.
2) Home buyers strongly prefer a full master bathroom, complete with both bathtub and shower, along with adequate storage space for personal belongings. Getting ready for a busy day should be both pleasurable and items for cleansing routines should be well-organized and readily accessible.
3) Wireless home security systems to whole-house electronic features offering state of the art luxury home entertainment rooms for family ease and enjoyment.
4) Home buyers prefer French doors opening between rooms or to exterior living spaces over standard door openings.
5) Garage storage systems for a well organized home. Home buyers want a place to conveniently store tools, sport equipments, and lawn accessories without clutter or going on a hunt.
According to the “What Home Buyers Really Want” report, home buyers are generally prepared to pay a median of $203,900. This median is lower than the median value of new homes purchased ($230,000), however, it is higher than the median value of all homes purchased ($170,000).
Additionally, Minnesota is on Case Schiller's top most liveable states index. Accordingly, home buyers can find even more reasons to buy a Minnesota home. Taking a state wide perspective, locating in Minnesota offers homeowners the opportunity to reside in one of the most liveable states with a bright outlook and solid income earning potential. Here is how Minnesota rates:
- Future livability score: 10.5
- Full-time employment: 8th best
- Job creation index: 10th best
How a home is built and designed affects energy use in the home, as well as an occupants routine energy consumption, site conditions, and climate.Energy.gov says space heating eats ups 45% of homeowner utility bills. A furnace upgrade, installing a fireplace damper and home energy digital controls can all help. Destiny Homes suggests additional energy efficient features home buyers should look for, and that home renovations can include:
1) Home appliances and home electronics from the kitchen to the laundry room
2) Better home Insulation and air sealing significantly improves northern Minnesota homes
3) Lighting by designing daylight-filled homes is more pleasant and reduces energy consumption
4) Space heating and cooling systems that run more green-friendly
5) Energy efficient windows, doors, and skylights can add both personal style and be energy efficient.
Contact Destiny Homes to build a home or for a Minneapolis home improvement project in the Wayzata, Minnetonka, Eden Prairie housing market. Destiny Homes' Remodeler of the Year and home designer, Liz Sprenger, knows how to gain more with less space, and caters to buyer wishes for luxury home amenities. Obtaining professional advice for discriminating buyers to gain they amenities of their preference is one phone call away: 952-923-5706.