Recent Survey’s & some Interesting facts and figures….

I been collecting few survey’s, their results, facts and figures and wanted to share with you. I didn’t want to post them separately since it all goes well together and makes sense to post them together. Here they are, read and take whatever you can out of it.

Buyers Prefer New Homes but not willing to pay for it – Trulia Survey

Forty-one percent of Americans say they prefer a new home compared to 21 percent who say they prefer an existing home, according to a new survey of more than 2,000 adults conducted by Harris Poll on behalf of Trulia. The cost and availability of new homes are big barriers for those who say they want new, the survey finds.

In general, new homes are typically listed for 20 percent more than existing homes with similar features and in the same neighborhood. Of those surveyed who say they prefer new, only 46 percent said they would be willing to pay at least 20 percent more for a new home.

The survey found that the top reasons people prefer new homes are to have modern features, be able to customize the home before construction is completed, and to spend less on maintenance and repairs. Fifty-nine percent of Americans surveyed identified the modern features they most want as bigger closets, a kitchen island, open floor plan, walls prewired for flat screen TVs, and radiant floor heating.

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Buying a new home – What’s Hot and Not in Home Features – Redfin Survey

What are some of the most popular home features luring home buyers? The real estate brokerage Redfin surveyed 435 of its real estate professionals across the country to find out what the biggest real estate trends are with home features.

According to the survey, real estate professionals identified the following features as the most popular among home buyers:

• Open floor plans
• Move-in-ready homes
• Granite in areas such as bathrooms or kitchens
• Upgraded windows
• Locations near public transportation
• Energy-saving appliances
• Large closets
• Updated lighting fixtures
• Two-story home with a bedroom on the main floor
• Wood floors

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Home Buyers’ Biggest Regrets About the Purchase – Chase Survey
Though buyer’s remorse is never fun, there’s usually something we’d change if we could go back and make a big purchasing decision again. In a new survey, Chase Bank found out what some of the most common things are that recent home buyers would change about their real estate purchase if given a second chance.

Chase’s survey, “What I Wish I Knew About the Homebuying Process,” asked 807 recent home buyers about their attitudes following the purchase of a home, taking the temperature of how people are living with their real estate decision. Here’s what home buyers say they would do differently if they could make the decision over again.

Get Smarter About Financing
While nine out of 10 buyers surveyed say they felt prepared at the time they bought their home, 56 percent say that in hindsight, they should have known more about financing. Specifically:

22 percent say they weren’t as educated about the ins and outs of closings as they should have been.
19 percent say they weren’t as well-versed on making an offer and negotiating.
15 percent say they needed more guidance on the overall financing of a home.

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Hope you enjoyed reading some interesting survey’s which should have provoked some thoughts about what to buy, how to buy and what you should look out for when buying.

About Vijaianand Thirnageswaram

I am a Proud Realtor of Texas, trying to guide and help clients to find their dream home and educate them to buy them for right price. I am also a Candidate for CFP who has more financial knowledge which allows me share and educate clients in any financial decision making process.

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