Home Buyers Consider Sustainable Features to Be “Very Important”

Home buyers of every age consider sustainable features to be very important, according to the National Association of Realtors’ 2014 Home Buyer and Seller Generational Trends Report. The survey of people who purchased homes between July 2012 and June 2013 shows which environmentally friendly features home buyers consider “very important” when looking to purchase a home and breaks the data down by generation. Overall, home buyers rated as “very important” heating and cooling costs, commuting costs, energy efficient lighting, and energy efficient appliances. Younger boomers and buyers from Generation X and Y rated as their top priorities heating and cooling costs and commuting costs. Not surprisingly, the silent generation and older boomers who may be retired did not consider commuting costs as important as younger buyers did, but rated heating and cooling costs and energy efficient lighting and appliances very important. Aside from the cost of heating, cooling, and commuting, Gen X and Y did not rate sustainable features as very important as much as older generations did. | Read More