Morning Briefing: 37 per cent of buyers would be happy without this room

by Steve Randall29 Feb 2016
37 per cent of buyers would be happy without this room
The National Association of Home Builders has published the results of a major study into what home buyers want from their properties. It found that single-family detached homes are still the preferred option of most buyers (65 per cent) with the baby boomers generation driving this desire.
Millennials are the generation keenest to have a basement (77 per cent) while boomers (75 per cent) and seniors (88 per cent) are most likely to want a single-story home, although 64 per cent of all buyers prefer this.

Around two-thirds of buyers want a suburban location with just 8 per cent of respondents preferring a central city location. A formal living room could become less common with 37 per cent of all buyers saying they would buy a home without the space; this rises to 43 per cent among millennials.

While the environment may be a hot topic it doesn’t trump price for home buyers it seems, with only 13 per cent willing to pay more for a home purely on environmental grounds.
 
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