Friday, June 25, 2010

Green Buyer Trends in Housing Market

In a recent survey by AvidBuilder.com, buyer trends from six diverse groups were studied and analyzed on the basis of 4 criteria ranging from must have to might be nice if included. The groups included, in no particular order, custom (professionals seeking custom homes), empty nester, second home, move-up/growing families, displaced/relocations/downsizing, and first time buyers.

The findings revealed that more than half (60%) listed ‘Green Features’ as a must have, an amazing trend from only a few years ago when green features were not even on the list for most home buyers. In addition, this figure is compared to 38% who listed home design as a must have, and only 9% listing fixtures under the same criteria.

The category of high energy insulation was the only other category with unanimous voting across all six groups in excess of any other category offered.

In the breakdown for which groups voted for specific criteria, over 55% of both first time buyers, and empty-nesters said overall energy efficiency was a must have. Although this is compared to almost 75% of custom buyers, the statistic for this group have less of an impact because of the idea that spending the extra for energy efficiency when you are building a custom home is not as big a factor. The groups of first timers and empty-nesters are typically in lower financial and budget brackets and the understanding of the impact that energy efficiency can make.

Sadly while over 50% of this market of buyers wants this in their home, only 5% of those homes listed actually provide this as an option.

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Scotti and Associates are Commercial Real Estate Brokers, Residentail REALTORS, and Appraisers located in Providence RI with comercial and industrial property and homes for sale in Rhode Island and Massachusetts. They are also provide expert real estate appraisals in RI, MA, and throughout New England.

Contact them today at 401-421-8888 or visit them on the web at http://www.ScottiRealEstate.com

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