Ranch style homes with updated kitchens and big backyards prominently made the cut in a recent realtor.com survey seeking to reveal the wish lists of today’s home buyers. "While we often think of dream homes as being big and bold, that's not what we're hearing from potential buyers today. These insights can help guide potential sellers in deciding which rooms or features to invest in before listing their homes." Says housing expert for realtor.com Sarah Staley.
According to the survey, the topmost desired home features that emerged from the study included:
- Large back yards, updated kitchens, and garages. These were the most-searched home attributes on realtor.com across all age groups. The least searched included solar panels, “man cave,” guesthouse, and mother-in-law suite.
- Ranch style homes. This style was the clear leader, raking in 42% of votes and the second most common included contemporary homes at 28%, followed by Colonial and Craftsman styles.
- Privacy. Buyers expressed privacy as a strong contender in their top goals when house-hunting, especially those between the ages of 45 and 64 who tended to value privacy over some other preferences such as family needs, financial investment, and stability.
- Family Needs (for the Millenials). Getting married, moving in with a partner, and increasing family size were the top motivators for this age group. In no surprise, purchasers in the 35 to 44 age group cited family needs such as better school districts as their motivator, while those over 45 are motivated by their plans to downsize.
Although these motivators may potentially be unsurprising to some individuals, there are definitely some takeaways that most sellers should keep in mind when deciding what updates to make before placing that “for sale” sign in the yard. Understanding what is motivating the type of buyer that will be attracted to your property can make a difference in how effective the marketing strategy becomes.
Interested in learning how Lux Homes Denver markets our clients’ properties for sale or how we help buyers find their perfect home? Using both historically proven methods and innovative strategies allows us to help our clients with a seamless sale or purchase of their home. Call today for a one on one consultation! Our expertise can help guide you in the right direction.