Two of the chief motivators in choosing the right home to the majority of buyers is its size and room layout/design, according to the American Housing Survey. The home’s price and neighborhood ranked closely behind.
But a closer look at the data reveals some slight differences in what house hunters view as the most important factors in selecting the right home.
New-home buyers were the most concerned with a home’s room layout/design, neighborhood, exterior appearance, and construction quality.
For first-time home buyers, however, the home’s price trumped everything else.
For all other buyers, the home’s layout/design, neighborhood, and price were #1.
In selecting a neighborhood, buyers reported the most important factors as being safety (71%), the look and design of the neighborhood (65%), friends/family (52%), and proximity to work (48%).
‘See Graphs’ at source: “Different Buyer Preferences? New vs. Existing Homes,” National Association of Home Builders’ Eye on Housing Blog (Aug. 4, 2015)