New home buyers want energy efficiency and according to a new survey from the National Association of Home Builders (NAHB), builders are listening. It appears that energy efficient features and closet space were more important to new home buyers than two-story foyers, outdoor kitchens and whirlpools.
The NAHB asked builders which features they were most likely to include or not include in newly built 2015 homes. Here are the results.
Least likely features included
- Outdoor kitchens
- Laminate countertops in kitchens
- Outdoor fireplaces
- Two-story foyers
- Walking/Jogging trails
- Carpeting as flooring on main levels
Most likely features included
- Walk-in closets in master bedrooms
- Laundry rooms
- Low-e windows
- Guest rooms
- Energy-star rated windows
- Programmable thermostats
- Two-car garages
- Granite countertops in kitchens
I must admit to being a little sad to see that whirlpools didn’t make the cut, but the energy efficient features are a perfect fit for Florida’s year round sunshiny weather. Besides, with the most beautiful gulf beaches just minutes away, who needs a whirlpool?
New home buyers want energy efficiency, but we would love to know what features our readers would consider important and which would you just assume leave out?
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A recent article in the Washington Post talked about a new offering of 5 or 7 year fixed rate mortgages. This was originated at the Health Federal Credit Union in Rockville, Maryland. In just three months, they have generated over 100 of these mortgages representing over $100 million and an interesting mortgage strategy!
“As baby boomers pay off their first homes, area banks and credit unions say they’re seeing a rise in the number of second-home and vacation property purchases, many of which are being financed with short-term loans.
‘We call it the ‘goodbye mortgage,’ Callis said. ‘People are saying, ‘The house is paid off, the kids’ college is paid off, I really can afford to buy – and pay off – that dream home in Florida, too.’”
With the recent economic struggle, many baby boomers have had to put retirement plans on hold. As the market finally seems to be recovering, what better time to take advantage of both low interest rates and depressed market pricing. We are still seeing cash purchases here in Tampa Bay at 58% and yet this option might go far in easing the burden of making an all-cash purchase yet giving a shorter life to the day when this dream home is totally paid off. This could be a financing product worth keeping an eye on… The PURTEE Team stays up to date on market conditions and can help you whether considering a purchase or selling your home. Email us at firstname.lastname@example.org