When it comes to finding the perfect home, buyers have a lot of factors to consider. It’s a significant investment, and everyone wants to ensure they are making the right choice. While some buyers focus on certain things, such as the number of bedrooms or bathrooms, others have a broader view of what they want in a home. Here are the top five things home buyers typically look for in a home.
1. Location
One of the most critical things buyers look for in a home is the location. A perfect house in a bad location isn't ideal, while a mediocre house in a great location can be a better option. When considering a home, buyers think about accessibility to public transportation, proximity to their place of work, the community that surrounds the property, and the neighborhood's safety.
Proximity to quality schools also plays an important role for buyers who have children. However, regardless of whether buyers have children or not, a good school system is an important selling point.
2. Size & Layout
The size and layout of a home must also be a consideration for buyers. The home needs to have a layout that works with their lifestyle, and enough space to accommodate their needs. For instance, a family of four may require at least three bedrooms and two bathrooms. A couple who is planning to grow their family, on the other hand, may need more space to expand.
The layout of the house affects buyers' decisions, as well. An open concept home, for instance, is popularly preferred over one with boxy and segmented rooms. Open layouts are great for entertainment, and they also feel bigger, brighter and more welcoming.
3. Condition of the Property
Another important factor for buyers is the condition of the property. The house's age and structural integrity are primary concerns for most buyers. The foundation, windows, roof, electrical and plumbing systems should be in good working order. Buyers want to avoid potential complications and costly repairs in the future.
Buyers value homes that require less maintenance. Houses that are well maintained and need fewer repairs save buyers both time and money in the long run. As a seller, ensuring your property is in top condition before listing on the market can make your home more desirable, reduce days on the market, and even increase its value.
4. Natural Light & Energy Efficiency
Natural light and energy efficiency are two factors that have become increasingly important to buyers. Most people are conscious about their energy consumption and want to live in homes that help them save on energy bills. That's why homes with solar panels, energy efficient appliances, green insulation, and efficient heating and cooling systems tend to sell faster.
The amount of natural light that flows into a house also makes a significant difference. Homes with large windows or skylights bring more natural light in and can give a home a more open and welcoming feel.
5. Outdoor Space
The final factor that buyers consider when looking for a home is the outdoor space. Buyers value the idea of having a space outside where they can relax and entertain. A well manicured lawn, outdoor patio or deck, and garden can make a property more attractive.
For many buyers, the outdoor space should also be an extension of the home. This factor can lead buyers to consider properties with outdoor kitchens, fireplaces, or pools.
When it comes to the things buyers want in a home, location, size and layout, condition of the property, natural light and energy efficiency, and outdoor space are the most critical factors. These aspects give buyers a clear picture of the property and help them make a buying decision. As a seller, ensuring your home ticks all these boxes can make your property stand out from the rest and lead to a faster sale.
If you have any questions about the real estate market on the Eastern Shore of Maryland, or if you’re looking to buy or sell a home, contact Chuck Mangold today.
Chuck Mangold