Survey Reveals How Buyers Size Up Homes
August 6, 2015
Two of the chief motivators in choosing the right home to the majority of buyers is its size and room layout/design, according to the American Housing Survey. The home's price and neighborhood ranked closely behind.
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But a closer look at the data reveals some slight differences in what house hunters view as the most important factors in selecting the right home.
For first-time home buyers, however, the home's price trumped everything else in their decision.
For all other buyers, the home's layout/design, neighborhood, and price were the most important considerations.
In selecting a neighborhood, buyers reported the most important factors as being safety (71%), the look and design of the neighborhood (65%), friends/family (52%), and proximity to work (48%).
Source: "Different Buyer Preferences? New vs. Existing Homes," National Association of Home Builders’ Eye on Housing Blog (Aug. 4, 2015)
Updated: February 14, 2020