Thursday, August 2, 2012

What Home Buyers Are Looking For In Today's Real Estate Market


Whether you are selling your Lake Ozark home or building a new home, it is good to know what features buyers are looking for.  The trends over the past decade have definitely shifted and  recent research by Home Trends shows some interesting factors that might help you sell the home you are currently in or help you build a home that will appeal to future buyers.

Modest Floor Plan - the majority of buyers are no longer looking for mansions, surveys conducted by Home Trends showed that buyers are looking at homes that have less square footage. When surveying home buyers, 32% said that the ideal size was 1401-2,000 sq ft and 27% said 2001-2600 sq ft was the ideal size, while only 6% wanted a home larger than 3,200 sq ft.  

Organization and Comfort - with the smaller spaces come the need for organization and cozy spaces.   The National Association of Home Builders survey found the following  top ten amenities that buyers are looking for when building a new home.
  1. Low-e Windows
  2. Linen closet
  3. Great Room
  4. Programmable thermostat
  5. 9-ft plus ceilings on the first floor
  6. Insulated front door
  7. Laundry room
  8. Energy efficient appliances and lighting
  9. Separate showers and tubs in the master bathroom
  10. Walk-in closet in the master bedroom


Smaller Price Tags - Everyone is looking for a better deal and it comes as no surprise that home buyers want a lower price on their home.   The survey showed that 45% of buyers are seeking homes that cost less than $200,000, 31% will purchase between $200,000-$299,999 and only 24% are considering purchasing a home prices  $300,000+.

Energy Efficient - In 2011 Green Homes made up 17% of the overall number of home construction and it is predicted to rise to 38% by 2016.  Not everyone wants a completely "green" home, but buyers do want to ease the pressure on their pocket book by using some "green"  features.  The following feature are a few items that buyers are specifically looking for when purchasing a  home.
  1. Energy efficient heating and A/C system
  2. Energy Star appliances
  3. Efficient Designs
  4. More natural light
  5. Extra insulation in the attic
  6. Other insulation throughout the home.
Regardless of the square footage, green features or price tag, the Fran Campbell Team is ready to help you find the perfect lakefront home or condo.  We have a tremendous inventory of homes and mortgage rates are still low.  

Contact the Fran Campbell Team to schedule a showing!

Real Estate Lake of the Ozarks : Find Your Dream Home Now! 


1-573-302-2390 Office
1-573-302-2388 Fax
1-573-280-1110 Cell
Best Realtor Lake of the Ozarks


  

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