93% of Potential Spring Buyers Said They Want at Least Two Bathrooms, According to Recent Report
It seem as though every sales cycle there’s a new trend among potential buyers. For the spring 2018 market it looks like bathrooms is the hot item issue. During each quarter The National Association of Realtors does a great job of getting a feel for what the market is looking for. In come instances it’s size, a garage, outdoor space and number of bedrooms.
According to the NAR, “The typical spring home buyer this year is on the hunt for a three-bedroom, two-bathroom house with a garage and updated kitchen, according to a new realtor.com® survey of more than 1,000 home shoppers. Forty-four percent of respondents say they want a three-bedroom home, and 93 percent say they want a home with at least two bathrooms. But the garage is becoming increasingly important to home shoppers, too, with 27 percent rating it as one of the most important home features, even above an updated kitchen (24 percent) and open floor plan (20 percent). “
For buyers in the age range of 55 and older the list of must haves is relatively shorter with “privacy” being the main concern. Seniors are simply looking for a place to call their own. On the other side of the spectrum, young adults have been pushed into homeownership due to the rising cost of rentals according to the National Association of Realtors. “23 percent of buyers between the ages of 18 and 34 reporting rising rents as a trigger for their recent home purchase. “Although record-low inventory and high prices make this housing market unique, some classic features still top most shoppers’ wish lists,” says Danielle Hale, chief economist for realtor.com®. “
So for those looking to buy this spring this is a great snapshot of what to look out for. So be aware that the homes with more than one bathroom may come with some competition.