What Qualities are Most Important when Buying a House?

July 25, 2012

Are you looking for storage when buying a homeAsk 10 homebuyers what a perfect house is and you will get 10 different answers for what to look for when

buying a house. Even with the wide difference of opinions, conclusions from homebuyer data may help you realize there’s something you need in your next home that you hadn’t considered. The Equifax Finance Blog explores growing trends in housing demands in the recent article, ”

What do Buyers want in a Home?

Data taken from the Census Bureau’s 2011 Characteristics of New Housing shows a number of interesting facts about buyers’ desires. For instance, while the average price of a new single-family home decreased $3,000 between 2010 and 2011, homebuyers are still looking for quality in their add-ons. Top-of-the-line appliances were a must-have for many homebuyers, even though that quality often meant that buyers would have to settle on a smaller home.

Regardless of the size of the home, organization also took a priority. Fewer bedrooms didn’t seem to matter as much as an efficiently laid-out space with generous storage. From walk-in closets in the master bedroom to pantries, organized storage space was in demand in 2011. Amazingly, 19 percent of new single family homes that sold had three or more car garages, giving even more storage space.

The Equifax Finance Blog has more information about buying trends,

housing market predictions and how to save money in real estate, credit, retirement and more. Make it a favorite for frequently updated quality financial information.

Are storage and high-end appliances what you want in a Chicago new home? Let us know in the comments!

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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