March 29, 2008
What Do Homebuyers Want? Experienced vs First-time Buyers
In a previous post, I wrote about what the National Association of Realtors and HGTV say homebuyers are looking for in a home (“What Do Homebuyers Want? NAR and HGTV Weigh In“). A post on Jon Lansner’s web blog gives further insight into what prospective homebuyers want in a home (“77% in nationwide poll think this is a good time to buy a house“). He quotes a survey by Beazer Homes that is broken down into what first-time buyers want and what more experienced buyers want. Here is the break down:
First-time buyers
- a bigger home—28%
- investment potential—27%
- a better location—23%
- more modern features—14%
- desire less maintenance and up-keep—8%
Experienced buyers
- a better location—28%
- a bigger home—25%
- more modern features—18%
- desire less maintenance and up-keep—17%
- investment potential—12%
Also, see Carol’s post “Think Like a Buyer When Selling a Home.”
