HOW WILL THE 2020 ELECTION AFFECT REAL ESTATE?
Here’s what we know
Do you want content like this delivered to your inbox?
Share

The 2 Surprising Things Homebuyers Really Want

Share

The 2 Surprising Things Homebuyers Really Want

Andy Rose

Andy brings to the table 8 years of real estate experience including becoming a licensed Georgia broker in 2018 and a licensed Broker in Florida ...

Andy brings to the table 8 years of real estate experience including becoming a licensed Georgia broker in 2018 and a licensed Broker in Florida ...

Jan 21 3 minutes read

In a market where current inventory is low, it’s normal to think buyers might be willing to give up a few desirable features in their home search in order to make finding a house a little easier. Don’t be fooled, though – there’s still an interest in the market for some key upgrades. Here’s a look at the two surprising things buyers seem to be searching for in today’s market, and how they’re impacting new home builds.


Homebuyers Are Not Giving Up Their Garages

The National Association of Home Builders (NAHB) recently released an article showing the percentage of new single-family homes completed in 2018. The data reveals,

  • 64% of new homes offer a 2-car garage
  • 21% have a garage large enough to hold 3 or more cars
  • 7% have a 1-car garage
  • 7% do not include a garage or carport
  • 1% have a carport

The following map represents this breakdown by region:

The 2 Surprising Things Homebuyers Really Want | MyKCM

Evidently, a garage is something homebuyers are looking for in their searches, but that’s not all.


Homebuyers Are Not Giving Up Their Patios

Patios are on the radar for buyers as well. Community areas are often common amenities in new neighborhoods, but as it turns out, private outdoor spaces are quite desirable too. NAHB also found that,

Of the roughly 876,000 single-family homes started in 2018, 59.4% came with patios…This is the highest the number has been since NAHB began tracking the series in 2005.


As shown in the graph below, the number of new homes built with patios has been increasing for the past 9 years. Clearly, they’re a desirable feature for new homeowners too.

The 2 Surprising Things Homebuyers Really Want | MyKCM


Bottom Line

Homebuyers are looking for garage space and outdoor patio living. If you’re a homeowner thinking of selling a house with these amenities, it appears buyers are willing to spring for those key features. Let’s get together today to determine the current value and demand for your home.

Selling Your Home? 

Get your home's value - our custom reports include accurate and up to date information.

Get Home Value
We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info