Trends revealed by potential new home buyers include:
* One in four home buyers rates proximity to work as a very important factor in their home-buying decision and would take a smaller lot for a shorter commute.
*Nearly two-thirds of home buyers are seeking less outdoor maintenance on their homes. As a result, more buyers are focusing on attached housing like condominiums or town homes. Thirty-two percent of new-home sales were of attached homes.
*Square footage of a home is very important to buyers between ages 25-44, with 63 percent looking for bigger homes. For buyers younger than 25 and older 44, emphasis on square footage declines dramatically.
* A majority of buyers in each age group would sacrifice some square footage for upgraded amenities.
* Nearly 75 percent of buyers would opt for a smaller home with a basement rather than a bigger home without a basement.
* Nearly two-thirds of buyers would prefer a great room over a formal living room. That preference increases with buyers older than 65.
* Three-quarters of buyers are willing to spend an extra $2,000 on their home in order to increase energy efficiency and reduce utility bills.
* Nearly two-thirds of buyers are willing to spend an extra $2,000 to live in a home built with materials that will reduce allergic reactions or other health problems.
*One-third of buyers are willing to spend an extra $2,000 to live in a home built with some recycled materials.
Source Genesis Group researchers surveying a sample group of 2,000.
About the Author
Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog
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