9 Items Homebuyers Desire in 2011

Near the top of the list of features house-hunters most desire is a home in good condition. National Association of Realtors President Ron Phipps says, “I think this year they’re buying properties that are in good mechanical condition that have inherent value.” He says buyers are not very flexible when it comes to property condition because they do not want to spend a lot of money after they move in or encounter unexpected repairs. Buyers also are looking for deals and spend a lot of time negotiating, leading agents to urge sellers to repair and update their homes, keep them clean, and have them staged. Other items on buyers’ wish lists include outdoor living areas; incentives, such as gift cards and closing assistance; green features, like energy-efficient appliances or natural lighting; open kitchens; and repurposed materials, such as pine flooring reused for counters or stone countertops. Buyers also want smaller homes with useable space, meaning no formal living room; and luxury amenities like coffee bars in the master bedroom, stainless steel appliances, and marble bathroom tiles. | Read More