In the first-time home buyers who want inexpensive homes may feel like to take a hard look at fixer-uppers, small house and less commutes to work to save on the expenses of buying and own a home.
Real estate agents say number of home buyers expect more than they can afford in a house and once they start beating the concrete for housing their disconnect could be discouraging. In an online survey of 150 of its agents, Bankers discovered some troubling trends among the home buyers. The real estate company suggests more home buyers should look at the fixer-upper option — with others — to get the affordability they seek out.
Few days back, buyers were willing to purchase older, more relevant houses in an exertion to save more money and break into home ownership. It is very important for buyers to remember that by allowing for a fixer-upper for their home purchase, they can build equity all time and later move up and into their home that better reflects their needs. Buyers are looking for affordability that goes with the fixer-upper option to get the home professionally inspected to conclude what to be fixed necessary.
The majority of home buyers (71 percent), were looking for better homes than they were 10 years back, agents reported, but larger isn’t better when it comes to cost. A smaller single-family home can be cheaper by virtue of the smaller footprint and square footage. The smaller price on a smaller house also could come with affordability.
Average percent of brokers also said, for their buyers, proximity to their place of work was numerous when it came to considerations made when looking for a buy home. Higher prices have made the work center location factor even more crucial, a home’s proximity to employment centers comes with an added price. Homes closer work centers price more because of the additional value of reduced transportation costs and time spent commuting.
Buyers are ready to give up constant space to home theaters and other specialized media rooms in order to have a home office. In fact of, buyers would be willing to give up a formal dining hall on the whole in order to have a home office or study. And buyers want energy-efficiency in their appliances, windows and insulation. Other desirable features are large kitchens with an island, though sandstone counter tops aren’t necessarily significant to all home buyers.
Published in: Home Improvement