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July 20th, 2012

What homebuyers want

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What do homebuyers want?

At the beginning of the year, HSH.com decided to explore what exactly first-time homebuyers were looking for when we wrote, “Size matters most to first-time buyers.”

“First-time homebuyers want energy efficiency and the ability to use technology with ease in their new homes,” wrote HSH.com contributing writer Michele Lerner. “But those factors are secondary to the bottom line: the size of their monthly mortgage payments.”

A few months later, we found the same was true when we reported on the growing small-home movement. “The McCottage is replacing the McMansion as a home status symbol as more homeowners look to save money and reduce their impact on the environment,” wrote HSH.com contributor Aaron Crowe.

Are we back to bigger is better?

However, some industry groups have recently reported that the desire for smaller homes might be starting to wane. Recently, the American Institute of Architects’ (AIA) Home Design Trends Survey for the first quarter of 2012 found that: 8 percent of surveyed architects said they are building larger homes than they were last year. “This is significant because it represents a reversal of a trend that has been going on for six years,” says Kermit Baker, chief economist for AIA in Boston.

Visual appeal

Given what we know, I wanted to share an infographic created by our friends over at ImprovementCenter.com. This infographic accurately and creatively captures the trends and characteristics most homebuyers are currently looking for. “What Homebuyers Want” shows that buyers are seeking the right amount of space, an inviting layout and a home complete with energy-efficient features and technologies.

ImprovementCenter.com is an informative website that offers home remodeling advice and home improvement ideas to homeowners nationwide.

What Home Buyers Want Today
Courtesy of: ImprovementCenter.com

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3 Responses to “What homebuyers want”

  1. Mitch Mitchell Says: July 21st, 2012 at 6:38 pm

    I’ve always believed that most people go into buying a house with the idea that a small home is better than no home at all. Over time, I’ve met few people who believed that they had enough “home”, especially once kids or animals entered the picture. It’s a much different question for someone that has a large home and decides to downsize of course, but I think the majority are people who either are buying new or looking to up-size.

  2. Home Improvements | Oklahoma City Real Estate | Homes For Sale | Listing Agent Says: August 29th, 2012 at 9:54 am

    [...] What homebuyers want Tags: Addition, Basement, Efficient energy use, Fireplace, Home Improvements, Homes For Sale, Kitchen, Listing Agent, Oklahoma City, Oklahoma City OK Homes For Sale, Real Estate, Renovation, Sellers, Selling A Homes, Swimming pool [...]

  3. EJ Gordon Says: July 2nd, 2013 at 3:35 am

    Those infographics are so informative, and house so much information. It seems as though the trends are justified by said graphs, and though it is slowing, it seems as though the want for more modest housing will continue. In my market, this question is increasingly becoming a question for buyers.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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