I was thinking this past week: what is it that home buyers want? Of course, each individual is different and has specific needs. But overall: are there general themes that dictate what buyers are looking for right now?
If there are, think of the potential power in real estate investors’ hands: We’d know what we should buy, because we’d know what they’ll buy from us. We’d know what kind of improvements are worth investing in, because we’d know what adds value in a buyer’s mind. We’d know, essentially, what really matters.
So, what say you: Are there all-important aspects of a home that are definitely a worthwhile investment and a fool-proof key to adding value today? What convinced you to buy? What convinced a buyer to purchase your property?
Not sure? Maybe a look at some expert opinions will get the ideas flowing:
- HGTV:
”10 Things That Make Buyers Bite”: Stainless steel appliances, hardwood floors, updated lighting, organized closets…
- About.com:
”Trends for Home Buyers”: Pre-WWII, Mediterranean and Mid-Century styles, modern or mint-condition kitchens, fancy bathroom fixtures, earthy colors, open floor plans…
- Chicago Tribune, citing Mark Nash (whose in-the-know list made it to over 500 publications and web sites):
“What’s ‘in’ for Real Estate in 2008”: concealed kitchen appliances, bathroom televisions…
Your turn. Agree? Disagree?
(Image borrowed from The Barker Blog)
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{ 8 comments… read them below or add one }
Those are great lists! especially the HGTV one because it is laid out in a way that is easy to read and understand.
Here are some more List of What’s In and What’s Out for Home Buyers 2008:
http://blog.sellsiusrealestate.com/real-estate-marketing/whats-in-whats-out-for-home-buyers-in-2008/2008/02/05/
http://www.hgtvpropicks.com/hpro/nws_ind_nws_trends/article/0,2624,HPRO_26519_5778559,00.html
http://www.housingzone.com/probuilder/article/CA6340265.html
http://blog.sellsiusrealestate.com/home-improvement/these-5-home-features-are-so-last-year/2008/01/23/
Different people have different tastes and budgets when it comes to purchasing a house of their own.Everyone wants to have the best and fair deal suiting their criteria and preferences. Since as a normal layman who did not have that much of knowledge and time to enquire about the nitty gritties of this industry i took the help of a reliable real estate consultant for the same.Axiom estates proved very helpful and profitable for me.They helped me to make the best deal out of my given resources.
Good area, nice house, good price on house, ability to resell down the road (investment potential). reasonable taxes, employment in area.
If you are selling to a man and wife, which probably is usually the case, I would think a nice, up to date kitchen would be very helpful. I’ve always read that if you spruce some part of your home up, start in the kitchen. That’s the thing a woman likes most.
nice FSBOJane …
I definitely agree with the first two points, and even though I have only been a renter, I have personally never based where on live on proximity to work.
If I like a neighborhood or certain place to live, I’m going to live there. Jobs might come-and-go.
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I definitely agree with the first two points, and even though I have only been a renter, I have personally never based where on live on proximity to work.
If I like a neighborhood or certain place to live, I’m going to live there. Jobs might come-and-go.