Home Features Worth More Money to First-Time Homebuyers
As a homebuyer, some home features are more important and even worth more than others. In fact, some homebuyers may be willing to pay 29 percent more for certain features. What features are worth more money? According to a report from RealEstate.com, a subsidiary of Zillow, first-time homebuyers are willing to pay more for these popular farmhouse and Craftsman-inspired features. How much more? Here’s a look at the features found in the report, plus how much more a homebuyer is willing to pay:
By analyzing listing descriptions from millions of entry-level homes (homes within the bottom third of the market), RealEstate.com determined that listings with the above hot-button words sold for increased value.
While these are highly desirable features, it turns out they only pay off in entry-level homes for first-time homebuyers. For example, barn doors in a top-tier home only sell for around six percent more. When you factor this in, it is essential for sellers to determine their audience and how to best appeal to that particular segment of the population.
Also, keep this in mind; millennials account for 42 percent of all homebuyers and 71 percent of first-time homebuyers. As millennials represent a large percentage of the population, it is important to recognize their preferences when it comes time to sell – especially if your home falls in entry-level status (homes within the bottom third of the market).
Thinking about selling your Austin area home? Reach out anytime. I am always available to help!
Blog Archive2019-09-30 09:13:04
Fall Activities to Enjoy this Spooky Season
Construction Update: North Austin and Surrounding Areas
Home Warranties Explained
Taste What Round Rock has to Offer
When to Sell Your Home
New Homes Coming to Hutto
Round Rock ISD is a Leader in Arts
Round Rock Tourism and the New Developments it Brings
Enjoy the Parks in Cedar Park
Taking the Nightmare Out of Lawn Care
Top Things to Do in Round Rock
Round Rock and Hutto Receive Some Much Needed Revamping
Parks and Recreation in Round Rock, Texas
How to Give Visitors an Authentic Austin Experience
Round Rock Makes Fourth of July an All Day Celebration
Top Ten Places to Be on the Water
DIY Fouls: 4 of the Worst DIY Mistakes Homeowners Can Make
Buying a Home versus Renting a Home
Memorial Day in Austin 2019 - Ways to Honor and Celebrate
Special Mother’s Day Brunches Around Austin
Round Rock’s 2030 Comprehensive Plan and How You Can Get Involved
Austin's Best Cinco de Mayo Margaritas
The Top Color Trends of 2019
10 Affordable Austin-Area Neighborhoods
Relish the Springtime Weather and Gorgeous Bluebonnets at these Austin-area Patches
Click here to see ALL articles.