Owners of Orlando homes for sale are wondering, “What are buyers looking for?” This is especially true if the home has been on the market for a while. Well, homeowners aren’t the only ones. Several companies, including Better Homes and Gardens and Avid Ratings, the exclusive research provider for the National Association of Home Builders, have researched this question.
So, what are buyers looking for in national and Orlando homes for sale? In a 2010 Avid Ratings homebuyer’s study, over 22,000 homeowners, who bought their homes in the past nine years, provide some clues. In short, the study says practicality beats out extras any day.
The days of formal dining rooms, oversized backyard patios and community clubhouses are gone. Swimming pools aren’t that big a deal, but neither are upstairs laundry rooms or home theaters. These extras have been replaced by practicalities such as:
• Children’s playground
• Walking paths
• Large kitchens (with island if possible)
• Home office or study
• Main-floor master bedroom
• Two-car garages
• Oversize showers with seating
As well, although buyers are willing to have less space, they’re big on “green” features such as high-efficiency windows, insulation and appliances.
The home survey by Better Homes and Gardens reveals much the same information. Homeowners and potential buyers pointed towards downsizing into smaller, greener homes. Again, high-efficiency appliances topped the interest levels, with a lean towards Energy Star appliances.
The home office is still a priority, although it doesn’t have to be dedicated space; many would be perfectly happy with a multi-purpose space, instead. The real key, however, is no wasted space, along with ample storage.
If you’re considering doing any amount of remodeling to excite potential buyers, the information contained in these surveys are priceless. If you’re one of the owners of Orlando homes for sale thinking your house is too small, it’s great news. If you thought you might upgrade to more energy-efficient appliances, you’re on the right track. Consider what you can do to make your home more “future buyer” friendly!
If you’d like to sell your home or are looking for a more energy-efficient home, we can help. Call us now at 407-876-5771 for more information.
Thursday, July 01, 2010
Worried About Your Home for Sale in Orlando? Survey Reveals Possibilities
Many real estate aficionados worried that the ending of the homebuyer tax credits would mean an end to sales. However, a new real estate survey, conducted April, 2010, says homeowners with a home for sale in Orlando and throughout the nation have more chances to sell their homes.
Survey Group
• 1,000 American consumers
• Ages 25 – 64
• $35,000 + household income
Survey Results
• Over 90% of American consumers think the homebuyer tax credit program helped the real estate industry and first-time buyers.
• 65% actually looking for a home don’t consider the end of the tax credit program to be a factor in their own decisions.
• 46% expect area real estate prices to increase over the next year.
• 12% expect area real estate prices to decline over the next year.
• 79% expect to see an increase in prices over the next five years.
• 20% expect prices to rise significantly over the next five years.
• 75% of renters think renting isn’t as good a long-term choice as owning a home.
How you can Benefit
As the survey shows, there are still plenty of interested buyers out there. You just have to know where to find them.
Talk with your agent about which markets are hot in your area. For instance, have older individuals been buying in the area more than young families or vice versa? Maybe energy efficient homes have been selling better. Find out what your home for sale in Orlando has going for it that matches those hot markets.
Most importantly, don’t give up. Buyers are out there and consumer confidence is rising, which means nothing but good things for the real estate market and your home for sale in Orlando.
Want to work with an agent who can identify and target hot markets for your home? Call me today at 407-876-5771 for more information.
Survey Group
• 1,000 American consumers
• Ages 25 – 64
• $35,000 + household income
Survey Results
• Over 90% of American consumers think the homebuyer tax credit program helped the real estate industry and first-time buyers.
• 65% actually looking for a home don’t consider the end of the tax credit program to be a factor in their own decisions.
• 46% expect area real estate prices to increase over the next year.
• 12% expect area real estate prices to decline over the next year.
• 79% expect to see an increase in prices over the next five years.
• 20% expect prices to rise significantly over the next five years.
• 75% of renters think renting isn’t as good a long-term choice as owning a home.
How you can Benefit
As the survey shows, there are still plenty of interested buyers out there. You just have to know where to find them.
Talk with your agent about which markets are hot in your area. For instance, have older individuals been buying in the area more than young families or vice versa? Maybe energy efficient homes have been selling better. Find out what your home for sale in Orlando has going for it that matches those hot markets.
Most importantly, don’t give up. Buyers are out there and consumer confidence is rising, which means nothing but good things for the real estate market and your home for sale in Orlando.
Want to work with an agent who can identify and target hot markets for your home? Call me today at 407-876-5771 for more information.
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