Priority Home Features Buyers Desire And What You Need to Know
Stuck between finishing your basement, knocking down that wall, or landscaping the backyard? Stop where you are and let us fill you in on what’s going to make your home stand out to potential buyers in the midst of a dense buyer’s market.
Want to know what home buyers are looking for in 2018? Find what you need to know here:
Between the months of August and September, a research study* was conducted to define what the mass majority of Canadians were looking for on their journey towards home ownership.
Top 3 Priority Home Features Buyers Desire:
Little to no surprise, home buyers in 2018 were looking for functionality and an efficient transition. Out of 19 categories that nearly 2,000 Canadians living in major metropolitan areas were surveyed on, the following categories have been valued as the “top priority features” buyers are looking for in their next investment (2018 Modern Family Home Ownership Trends Report).
- Value (price/square foot)
- Move-in ready (little renovation required)
- Target # of Bathrooms
Additional Home Features Increasing in Perceived Value:
Runners-up to these 3 sought-after home features included the following:
- Open-concept layout
- Yard space
- Maximum square footage that meets budget
Home Features Decreasing in Perceived Value:
Features that home buyers showed less interest in include the following:
- Smart home technology
- In-law suite
- Entertainment room
For more information on navigating the Real Estate Market visit 5 Big Mistakes People Make with Real Estate Investments
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* Research by Sotheby’s International Realty Canada and market research firm Mustel