According to the National Association of Realtors, 2013
First Time Home Buyer:
First Time Home Buyers were 38% of sold properties in 2013
The Median age: 31
Median household income: $64,400
The Median age: 62
Median household income: $96,000
Those that used financing to purchase a home typically financed 90% of the home price.
What do Home Buyers Look For in a Home?
Granite counter tops were important to 20% of the home buyers
Stainless Appliances were important to 17% of the home buyers.
78% of home buyers felt that the neighborhood quality was more important than the size of home.
57% of home buyers said they would forego a home with a larger yard rather than have a longer commute.
Rooms that had the highest dollar value that buyers were willing to pay for were basements and in-law suites.
53% of buyers did undertake a home improvement project within 3 months of buying. The average spent was $4,550. The kitchen was the most common room to improve.
41 % of buyers who made home improvements added or replaced lighting while 37% added or replaced appliances.
The majority of recent home buyers would have wanted more or larger closets and storage.
57% of home buyers purchased a home with a fireplace
41% bought a home with a basement
97% of home buyers were satisfied with their recent home purchase
It’s hard to determine exactly what each buyer wants and does not want in a home. Every buyer is different. With that said, we work hard to find our clients the right home for them, one that fits their needs. Remember our services are FREE to buyers. Contact us today to start your home search!
480-229-5861 or email Laurel@LaurelNielson.com