According to a recent report, first-time homebuyers expectations about their first home have changed. In the past, a “starter home” was often a smaller property likely needing some fixing up. According to the report, 87% of consumers are now choosing properties that are move-in ready.
A survey of first-time homebuyers found that they look at more than 11 homes before making a decision. This is higher than in the past. First time homebuyers are more choosey too. In addition to the home being in move-in ready condition, first-time homebuyers are also more concerned with location than ever before:
70% of respondents said the home had to be convenient to shops and services.
75% said the home had to be close to the work.
Nearly 66% stated that it was important to be near highly rated schools
As a real estate agent, I can say that this report does not surprise me at all. I meet first time homebuyers all the time. It’s nice working with people who know what they want.
Keith Marshall is a real estate agent with Prudential Grand Valley Realty, serving Kitchener, Waterloo and Cambridge. If you’re a first time homebuyer, and would like to live in one of Kitchener Waterloo’s desirable areas, please give me a call. I aim to take the stress and mystery out of the home buying and selling process.