What are home buyers looking for?

Apart from a gorgeous place on a great street, here is what’s getting the attention from potential buyers these days.

1. Energy efficiency features – With fossil fuel prices headed skyward, buyers now want homes that will save them money on energy bills every day. Think beyond programmable thermostats and Energy Star appliances: buyers are getting excited about unsexy features like heat recovery, ventilators, ground source heat pumps, tankless water heaters,
solar panels, and low emissivity, argon-filled windows.

2. Luxurious Bathrooms – Coveted bathroom features include: whirlpool tubs, separate shower enclosures, multiple showerheads, generous linen closets, dressing areas, and double sinks. Buyers also expect multiple bathrooms, and Jack & Jill bathrooms are popular with families.

3. Built-in closet organization systems – Whether your closets are massive or minute, make the most of them with built-in organization systems. Several companies offer many different closet systems, allowing you to customize your closets. For maximum return on investment, plan flexibility into the design. Buyers will want to configure their own storage areas.

4. Specialty rooms – The living room is practically passé, but mention a well-outfitted media room/home theatre and buyers’ wallets start to pop open. Exercise rooms are also a trendy feature. And in certain neighbourhoods, a dedicated yoga/meditation space could seal the deal.

5. Environmentally friendly finishes and materials – Hardwood floors are perennially popular, but some buyers prefer eco-friendly alternatives to traditional hardwoods. Bamboo is one of the trendiest new flooring options, because it’s considered a renewable and sustainable resource. Cork and natural linoleum are also appealing; heritage hardwood
reclaimed from old buildings offers both patina and eco-panache.

Likewise, concerns about both health and the environment are leading lots of buyers to look for homes decorated with natural, environmentally responsible materials and finishes. Paints that are low in VOCs (volatile organic compounds) are a healthier alternative to conventional paints, which release toxic emissions for years. Window coverings made of
cotton, hemp, linen, wood or other natural materials are preferable to petrochemical products. Avoid installing anything made of particleboard.

6. Wired home – Each year, there are more techno-gadgets and appliances we just can’t live without. Buyers expect a house to have plenty of well-located phone jacks, electrical outlets, and cable/internet connections. We want flexibility and portability, so a house that’s wired for maximum connectivity is a hot property.

Other items to consider are luxurious touches around the home, spacious and stylish utility rooms, and high-end finishes for appliances.

This article is written by or on behalf of an outsourced columnist and does not necessarily reflect the views of Castanet.

How does this story make you feel? (101 total votes)
Castanet MoodMeter

More The Mortgage Gal articles

About the Author

Tracy Head and Laurie Baird help busy families find mortgage solutions. Together they have more than 45 years of experience in the mortgage industry.

With today’s increasingly complicated mortgage rules, Tracy and Laurie spend time getting to know the people they work with and help them to better understand the mortgage process. They support their clients before, during, and after their mortgage is in place.

Tracy and Laurie work closely with their clients, offering advice and options. With access to more than 40 different lenders, Tracy and Laurie are able to assist with residential, commercial, and reverse mortgages in order to match the needs of their clients with the right mortgage package.

They work closely with their clients to find the right fit, and are around to provide support for years down the road!

Contact them at 250-862-1806 or visit www.okanaganmortgages.com

Visit their blog at www.okanaganmortgages.com/blog


The views expressed are strictly those of the author and not necessarily those of Castanet. Castanet does not warrant the contents.

Previous Stories