What Do First-Time Buyers Want?

Home buyer features

A recent issue of Realtor Magazine noted that first time home buyers make up roughly a third of the buyers who will hit the market this year, and that number keeps growing. They are a little younger than the repeat buyers who currently dominate the market and they are thriftier.  At a median age of 31 (versus a repeat buyer who is on average 53), their average income is $70,000. They also have a different set of priorities.

81% – Updated kitchen and bath

59% – An open floor plan

43% – Low-maintenance features

36% – Walkable communities

20% – Energy Efficiency

19% – Strength of cell-phone service or WiFi

I’m all about buying and holding onto real estate. Call me and let’s find you your first property!