Last week I posted 'What Buyers Want' in a home when they are searching for their next home. The National Association of Homebuilders report indicated the top desired features being a laundry room, updated windows and a patio.
The same NAHB publication also reported what features recent and prospective buyers don't want to find in their next home. Two-thirds of home buyers expressed that they do not want an elevator in their home, according to NAHB’s recently released report, What Do Home Buyers Really Want, 2019 edition.
This finding comes from a question in the survey asking recent and prospective home buyers (people who bought homes in the previous three years or are planning to do so in the next three years) to rate home and community features on a four-tier scale of ‘do not want’, ‘indifferent’, ‘desirable’, and ‘essential/must have’. The selection of ‘do not want’ means that home buyers are unlikely to purchase a home with that particular feature. The other features that are most unwanted by home buyers include:
It comes with little surprise that elevators make this list as they are not a common feature installed in single-family homes, the housing structure that a majority of home buyers want (77 percent). They are much more common in multifamily structures, a structure type that only 4 percent of home buyers expressed a desire to live in.
Three other features are rejected by at least half of home buyers: a wine cellar (57 percent), a plant-covered roof (50 percent), and a daycare center nearby (50 percent). Besides a day care center, two other community features make the top ten most unwanted list: a golf course community (47 percent) and a high-density development (46 percent) (in this context meaning smaller lots and attached/multifamily buildings).
Two materials also make the list: cork flooring is rejected by 47 percent of buyers and laminate kitchen countertops by 46 percent. Rounding out the top ten most unwanted features are a pet washing station (49 percent), dual toilets in master bath (48 percent), and a two-story family room (47 percent).
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