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10 Home Features Buyers Want
Home designers and builders speaking at the recent International Builders Show in Las Vegas say that buyers are seeking cost-effective features and rejecting things that don't have lasting value.

“It's all about family togetherness – casual living, entertaining and flexible spaces," says Carol Lavender, president of the Lavender Design Group in San Antonio.

Paul Cardis, CEO of Avid Ratings, which conducts an annual survey of buyer preferences, identified these must-haves in new homes:

  1. Large kitchens with islands
  2. Energy efficiency, including energy-efficient appliances, super insulation, and high-efficiency windows.
  3. Home offices
  4. Main-floor master suite
  5. Outdoor living space
  6. Ceiling fans
  7. Soaking tub in the master suite and/or an oversize shower with a seating area
  8. Stone and brick exteriors rather than stucco or vinyl
  9. Community walking paths and playgrounds
  10. Two-car garages, but three-car garages are even more desirable

Source: MarketWatch, Steve Kerch (01/30/2010)

Real Estate Specialist with @Home Realty Network serving all of Cache County , Amalga, Avon, Benson, Cache Junction, Cardon, Clarkston, College Ward, Cornish, Cove, Greens Corner, Hyde Park, Hyrum, Lewiston, Logan, Mendon, Millville, Morton, Mount Sterling, Newton, Nibley, North Logan, Paradise, Petersboro, Providence, Richmond, River Heights, Smithfield, Trenton, Wellsville.

 

Utah Housing Facts

First Time Buyers - Should You Buy Now?

Housing may never be this affordable again. Over the past few months, the market has created a unique opportunity for first-time home buyers. If you are renting, you should act now to take advantage. Here are a few reasons renters should take a serious look at buying now:

IMPROVE YOUR LIFESTYLE - Homeownership is the best way to improve your lifestyle. The ability to choose your own home, be your own landlord and start saving for the future is a great opportunity. Maybe your family needs a yard, a garden, room to grow, new schools or just a fresh start.

TAKE ADVANTAGE OF GREAT PRICING - Housing in Utah is affordable again. More than ever before, the market is offering great pricing and incentives. It is a buyer's market and this means you can find great deals on your new home. Take advantage of today's pricing before it's too late.

RECEIVE SIGNIFICANT TAX BENEFITS - There are two great tax benefits available for first-time homebuyers. First, the new $7,500 first-time home buyer tax credit in only available for a few months. Purchase before the July 1, 2009, deadline and the amount will come as a refund when you file your 2008 or 2009 tax returns. In addition to this temporary benefit, each year homeowners can deduct their mortgage interest and property taxes. This keeps more money in your pocket right away and each year that you own your home.

AVOID RISING RENTAL RATES - Rental rates in Utah have been rising.In Salt Lake County, they increased 9.2 percent over the past year. Become your own landlord and stop flushing your money down the toilet.

LOCK IN GREAT INTEREST RATES - Interest rates are one of the biggest factors influencing the affordability of your monthly payment. Right now, interest rates are near 30-year lows.This helps make your first home more affordable and keeps money in your pocket. For example, if you wait to buy and interest rates increase 1 percent, your payment will increase by $165 on a $250,000 loan. In other words, you lose $27,417 in purchasing power. Act now before rates increase further.

GET THE BEST HOME AND LOCATION - There are currently a large number of homes on the market. The best options for homes and locations in each community always move first. Move quickly to make sure you are the one who gets the best option.

Short Sales - Take the opportunity in todays maket. A Short Sale is a sale of real estate in which the monies from the sale fall below of the balance owed on a loan secured by the property sold. These are opportununitys that are becoming more common for the first time home buyers to the seasoned investor.

Source: www.utahhousingfacts.com