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Home buyers in increasing numbers want garages with two or
more spaces in their homes, according to the 2007 Profile of
Buyers’ Home Feature Preferences, released today by the
National Association of Realtors. Approximately 57 percent
of buyers surveyed by the National Association of Realtors (NAR)
wanted an oversized garage, up 16 percent from 2004. In
addition, of the buyers who purchased homes without large
garages, 56 percent said they would have paid more for an
oversized garage.
In addition to large garages, the following home features
were most important to home buyers:
- Three out of every four respondents ranked air
conditioning as very important.
- Just over 50 percent of buyers considered a master
bedroom walk-in closet to be an important feature.
- Hardwood floors and granite countertops are gaining
in popularity, each up 7 percent since the 2004 survey.
- A home that is cable/satellite TV-ready was
important to 46 percent of buyers.
- Energy efficiency was particularly important among
buyers of new homes, with 65 percent of these buyers
indicating an energy-efficient home was very important.
- In the Northeast, 53 percent of buyers placed a
premium on a backyard or play area.
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