Top 10 Must-Have Features in Today's Home

I just read an article, where surveys were conducted by an architectural firm, inquiring what buyers want most today.

Americans want smaller houses and they are willing to strip some of yesterday’s most popular rooms—such as home theaters—from them in order to accommodate changing lifestyles, consumer experts told audiences at the International Builders Show.

Buyers today want cost-effective architecture, plans that focus on spaces and not rooms, and homes that are designed "green" from the outset. The key for home builders is finding the balance between what buyers want and the price point. It’s all about family togetherness—casual living, entertaining and flexible spaces.

Paul Cardis, CEO of AVID Ratings Co., which conducts an annual survey of home buyer preferences, said there are 10 “must have” features in new homes:

1. Large kitchens, with an island. “If you’re going to spend design dollars, spend them where people want them—spend them in the kitchen,” McCune said.

2. Granite countertops are a must for move-up buyers and buyers of custom homes, but for others “they are on the bubble,”.

3. Energy-efficient appliances, high-efficiency insulation and high window efficiency. Among the “green” features touted in homes, these are the ones buyers value most, said Cardis. While large windows had been a major draw, energy concerns are giving customers pause on those. The use of recycled or synthetic materials is only borderline desirable.

4. Home office/study. People would much rather have this space rather than, say, a formal dining room. “People are feeling like they can dine out again and so the dining room has become tradable,” Cardis said. And the home theater may also be headed for the scrap heap, a casualty of the “shift from boom to correction."

5. Main-floor master suite. This is a must feature for empty-nesters and certain other buyers, and appears to be getting more popular in general. That could help explain why demand for upstairs laundries is declining after several years of popularity gains.

6. Outdoor living room. The popularity of outdoor spaces continues to grow, even in Canada. The idea of an outdoor room is even more popular than an outdoor cooking area, meaning people are willing to spend more time outside.

7. Master suite soaker tubs. Whirlpools are still desirable for many home buyers, but they clearly went down a notch in the latest survey. Oversize showers with seating areas are also moving up in popularity.

8. Stone and brick exteriors. Stucco and vinyl don’t make the cut.

9. Community landscaping, with walking paths and playgrounds. Forget about golf courses, swimming pools and clubhouses. Buyers in large planned developments prefer hiking among lush greenery.

10. Two-car garages. A given at all levels; three-car garages, in which the third bay is more often than not used for additional storage and not automobiles, is desirable in the move-up and custom categories.

Dianne Dunn

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Local New Bern News - Market Update

This column is customized each month so that I can share with you, the current monthly statistics. Please feel free to contact me if you have any questions! Or, visit my website at www.NewBernHomes.com.

HOMES SOLD (Closed), December 1 through December 31 (from NRRAR MLS Service)
Under $99,999 = 09
$100K-$139,999 = 17
$140K-$179,999 = 17
$180K-$219,999 = 13
$220K-$259,999 = 04
$260K-$299,999 = 04
$300K-$349,999 = 02
$350K-$399,999 = 01
$400K-$499,999 = 00
$500K-$999,999 = 01
Over $1,000,000 = 00

Total December 2009 = 68
Total December 2008 = 80
Total December 2007 = 119

NEIGHBORHOOD PROPERTIES "SOLD", December 1 through December 31 (from NRRAR MLS Service)

NEIGHBORHOOD PROPERTIES "FOR SALE" (from NRRAR MLS Service)

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