Resales

New Homes: Changing Homebuyer Priorities Results of Recent Poll

The results of a Harris interactive poll commissioned by Move.com reveals that potential home buyers value "green" building features more than luxury amenities. When given the choice of features like solar energy panels or energy-saving appliances, a whopping 49 percent considered them important, while only 31 percent rated luxury amenities as important. The survey also revealed that rating the neighborhood they might choose would depend largely on two major factors: crime rates and proximity to work. Somewhat flip-flopping the mindset of homebuyers even just a few years ago, more respondents in the survey admitted that they were willing cut personal spending and sacrifice some comfort to be able to afford a home. As few as 6 percent would, however, be willing to give up their proximity to shopping and a meager 3 percent would give up their proximity to public transportation. Even though these statistics are telling, the survey also found that a large majority of potential homebuyers -- 81 percent -- say they are facing considerable financial obstacles in purchasing a home, including high prices, a marked uneasiness with the economy, and income concerns as well. The underlying current from the survey, however, is strong in the long run, with almost half of the respondents expecting conditions for buying a home to improve after the election, 44 percent admitting they would like to purchase a different house and 47 percent wishing to do so within the next five years.


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