Housing News

What's Hot in Houses - Infographic

What are buyers looking for in a house? There are several features that buyers are looking for when it comes time to purchase a new home. Do you know what those features are? Check out our latest infographic to learn more about what the most important property must-haves are to attract the most number of buyers. Use our Home Affordability Calculator to find out how much you can afford. 

Statistics

• The most popular attributes for homes, according to realtor.com are: Large backyards, garages, and updated kitchens!
  • Young homebuyers with children showed the most desire for finding a large yard and the greatest interest in living near a good school.
• The most-desired home style: Ranch Homes!
  • 42% of home shoppers say they’re looking for a ranch home. The second most common style was contemporary at 28%, followed by craftsman and colonial styles.
• My favorite room in the home the kitchen!
  • 80% of homebuyers ranked the kitchen as one of their 3 favorite rooms in a home. Master bedrooms followed the kitchen with 49% and living rooms with 42%.
• The top goal when searching for a home is privacy!
  • The majority of homebuyers said privacy and having space that was solely their own was a top goal when in house-hunting mode.
• What motivates millennial homebuyers the most: Family needs!
  • Homebuyers up to 44 years old cited family needs as the top reason to buy a home. The majority of this age group also said their motivation to move was to find a better school district or change family circumstances.
• The typical home purchased in 2017 was 1,870 square feet in size and built in 1991. It had three bedrooms and two bathrooms.
• 83% of all homes purchased were detached single-family homes for buyers under 36 years old.
• Quality of the neighborhood (60%), convenience to job (43%), and overall home affordability (40%) were the three most important factors to homebuyers when choosing a neighborhood for buyers under 36.
• 51% of all buyers consider it desirable to have exterior lighting.
• 86% of all buyers consider ceiling fans to be essential.

Features to Look For

• Big modern bathrooms
  • Soaking tubs are more popular than claw-foot tubs
• Laundry and mud rooms
• Big kitchens
  • Stainless steel sinks and appliances
  • Quartz countertops are more popular than marble
  • White cabinets are more popular than dark cabinets
  • Gas stovetops are more popular than electric
• Master suites
• Work-out space
• Open floor plans and neutral colors
  • High ceilings
  • Lots of natural light
  • Hardwood floors are more popular than carpet
  • Bay windows are more popular than floor-to-ceiling