Real Estate News and Advice
November 23, 2009
Today's Insider REALTOR Secret


Search Realty Times
 





Let Webcast City webcast your message.



Today's Insider REALTOR Secret



Local Market Conditions





NEED HELP?

Click for Live Support


Call: 214-353-6980








More Bedrooms Key To New Home Sales, Buyer Survey Says

If the way to a man's heart is through his stomach, can he be persuaded to buy a house with a option-filled kitchen? Not necessarily, according to an online survey of more than 1,500 consumers taken in the first two months of January.

Kitchens matter, of course, probably more to women than men. But bedrooms matter most, the survey by HomeBuilder.com found. And, according to Jay Minkoff, vice president of national accounts for the site, "more is better." More than three out of every four persons who filled out the 21-question survey said they are considering buying a house with an extra bedroom. And a majority said the need for more bedrooms would be a primary factor in their decision to move to a new place.

But they won't necessarily use the spare room for sleeping. While 28 percent would use it as a guest room, 24 percent would use it as a den, library or study, and 21 percent would use it for an office. A smaller percentage would use the extra space as a kids playroom, exercise room or hobby room.

Because the study was taken over the Internet, it is not truly representative of all buyer groups, Minkoff warned. Online shoppers tend to be better educated and slightly younger than most buyers, he explained. Consequently, they include a higher percentage of renters.

Nevertheless, one in four said they were 100 percent certain they'd buy in the next six months. Moreover, 19 percent said they were 75 percent sure, and 21 percent said there's at least a 50-50 chance they'd take the plunge.

More than half said they preferred a bedroom arrangement in which the master was separated from the rest of the home's sleeping quarters. But 27 percent said it didn't matter to them one way or another whether or not the master was near the secondary bedrooms.

Similarly, 37 percent favored a more traditional living/dining room configuration while 27 percent said they didn't care. And while 60 percent wanted larger homes with fewer options, 40 percent liked the idea of smaller house with more options.

The bottom line: Builders need more floor plans, not fewer, said Minkoff. Otherwise, they'll miss a big segment of their potential market.

And one more thing: About one in four respondents said builders also need to do a better job of designing those extra bedrooms. An equal percentage also said they like to see better designed kitchens, too.

But what about kitchens? They continue to be a focal point, but according to the latest poll by the National Association of Home Builders, buyers are placing a higher priority on exterior features. "Everyone wants a porch, deck, patio or fence," says NAHB economist Gopal Ahluwalia.

Higher ceilings also rated high among the 1,200 households who either bought a new house in the last 24 or months or plan to do so in the next 24. Two out of three respondents preferred nine-foot or higher ceilings on the first floor and 40 percent favored greater height on the second floor as well, Ahluwalia reports.

For more articles by Lew Sichelman, please press here.

Published: March 14, 2001

Use of this article without permission is a violation of federal copyright laws.




When Lew Sichelman first started writing about housing in 1969, he was the youngest real estate writer in the country. Now, 37 years later, he's one of the oldest -- and most decorated.

He has been rated the top housing columnist in the country by the National Association of Realtors as well as by his peers in the National Association of Real Estate Editors. Indeed, NAREE has recognized his work on numerous occasions. One year - due to his advancing age, he can't recall which one - he earned top honors in the annual NAREE Journalism Contest in three out of the four major writing categories. It was the first time one writer has won so many NAREE awards in a single year.

Known for his ability to make even the most difficult topics understandable, Sichelman also has been honored by the National Association of Home Builders and the Mortgage Bankers Association.

He began providing in-depth coverage of and consumer-oriented information about housing and housing finance at the Washington Daily News, where he was real estate editor. He held that same position for nine more years at the Washington Star, which purchased the News in 1972.

The Star, a so-called "writer's newspaper" which also had the misfortune of being an evening paper, was put out of its misery in 1981, and Sichelman, who had begun self-syndicating his column in 1978, decided to become a full-time columnist. Today, his column, "The Housing Scene," is distributed by United Media to newspapers throughout the country.

He also is on the staff of National Mortgage News, an independent newspaper which is considered the bible of the mortgage business. And he writes for numerous other publications, including MarketWatch.com, where he answers readers questions once a week, Sports Illustrated (don't ask), RealtyTimes.com, BigBuilder and others.

Sichelman is married, the father of five and grandfather of eleven.








Real Estate News Network

You must enable Javascript to view the Video content and Navigation on this site.





Mortgage Rates
30 Year Fixed: 4.83%
15 Year Fixed: 4.32%
1 Year Adj: 4.35%
(U.S. Weekly Averages)

Today's Headlines


Spotlight






Agent Publicity | Market Conditions Interview | Local Market Conditions | Video Newsletter | Article Index | Terms & Conditions | Privacy | Contact Us

Copyright © 2001 Realty Times®. All Rights Reserved.