Entries in hHome Improvements (1)

Thursday
Mar102016

Most Wanted Features by Generations

Looking to sell your home? According to the Daily Real Estate News home buyers are demanding more home features that help them save energy and keep the house organized. This study was conduct by the National Association of Home Builders and reveals some interesting comparisions.

 

However, the generations – millennials (born 1980 or later); Gen X’ers (born 1965-1979); baby boomers (born 1946-1964); and seniors (born 1945 or earlier) – do show some differences in what home features they value the most. In a nationwide survey of more than 4,300 home buyers, NAHB pinpointed those differences and which features each generation most desires.

 

The following are the home features most wanted by each generation:

Millennials

  • Laundry room
  • Exterior lighting
  • Living room
  • Patio
  • Front porch
  • Both shower stall and tub in master bathroom
  • Ceiling fan
  • Hardwood on main floor
  • Deck
  • Energy Star-rated appliances
  • Dining room

Gen X

  • Laundry room
  • Energy Star-rated appliances
  • Exterior lighting
  • Energy Star rating for entire home
  • Energy Star-rated windows
  • Ceiling fans
  • Front porch
  • Hardwood on main floor
  • Patio
  • Living room

Baby boomers

  • Energy Star-rated appliances
  • Energy Star rating for entire home
  • Laundry room
  • Energy Star-rated windows
  • Exterior lighting
  • A full bath on the main level
  • Ceiling fan
  • Insulation higher than required by code
  • Patio
  • Hardwood on the main floor

Seniors

  • Laundry room
  • Energy Star-rated appliances
  • Energy Star rating for entire home
  • A full bath on the main level
  • Table space for eating in the kitchen
  • Ceiling fan
  • Double kitchen sink (side-by-side)
  • Energy Star-rated windows
  • Insulation higher than required by code

Conversely here are the top 12 features home buyers want the least

  1. Elevator (63 percent)
  2. Pet washing station (54 percent)
  3. Wine cellar (53 percent)
  4. Golf course (53 percent)
  5. Daycare center in the community (52 percent)
  6. High density — smaller lots and attached or multifamily buildings (46 percent)
  7. Cork flooring on the main level (45 percent)
  8. Dual toilets in master bathroom (44 percent)
  9. Two-story family room (43 percent)
  10. Wet bar (42 percent)
  11. Two-story entry foyer (40 percent)
  12. Laminate countertop (40 percent)

 

Source: “Housing Preferences Across Generations (Part I),” National Association of Home Builders’ Eye on Housing Blog (March 7, 2016)