Sellers /On October 23, 2013

Top "Must-Have" Features Among Affluent Home Buyers

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Have you ever wondered what features are a "must-have" among home buyers in the upper price ranges? According to the Chicago Tribune, the National Association of Home Builders asked buyers who were planning to spend at least $500,000 on a house to rate, from a list of 120 items, the features they regarded as "essential," "desirable," "indifferent" or "do not want." how much is my home worth

The top-rated "essential" feature, with 42% of the buyers wanting, was a warming drawer in the kitchen. The runners-up were a two-story foyer, a kitchen with a wine cooler, an outdoor kitchen, an elevator, a wet bar, an exercise room, a location in a golf course community and a game room.

A Better Homes & Gardens Real Estate survey reported that 60 percent of its affluent buyers would trade away square footage to afford such lifestyle amenities as a better neighborhood, a house with character, more land, access to dining and entertainment, and/or a shorter commute. This survey also showed that the top "must-haves" were a garden oasis, outdoor fireplace or fire pit, and a separate guesthouse outside the main home.

Does your home include any of these features? Now could be a great time to sell! Email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.

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Lynnette Tully

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