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Top Features Homebuyers Look For In A Property

Buying a house is a dream come true for many of us. When we search for a house, we need to prioritize certain features that align with our lifestyle, preferences and needs. While these preferences can vary based on every individual, some features consistently top the list for most homebuyers:

1. Location

  • Proximity to work, school and public places is the first important and common feature every individual looks for.
  • Security and Safety in the neighbourhood with low crime rates and privacy are essential factors in the decision-making process.
  • Walkability to nearby attractions and public transportation is also an attractive feature especially for those who prefer not to rely on cars.

2. Size and Layout

  • Larger square feet homes: Houses with large space are desirable, to cater to the growing needs of their family.
  • Open Floor Plan: Modern, open-concept designs that seamlessly connect the kitchen, living, and dining areas are highly popular.
  • Number of rooms: Minimum of 3-bedroom houses are preferred by families for a comfortable living.

3. Outdoor Space

  • Backyard: A private backyard for relaxation and outdoor activities is a major draw, especially for families with children or pets.
  • Patios and Decks: Decks, patios and balconies are highly valued as additional space. 
  • Landscaping: A well-maintained landscape can be appealing and creates a welcoming outdoor environment.

4. Energy Efficiency and Sustainability

  • Energy-Efficient Features: Homes with energy-saving features like double-pane windows, LED lighting, high-efficiency HVAC systems, and solar panels are in demand.
  • Smart Home Technology: A smart feature to control thermostats, security systems and automated lighting enhances convenience and reduces utility cost.

5. Storage Space

  • Closets: Ample closet space with walk-in closets in bedrooms, is a major attraction.
  • Basements and Attics: Extra storage space is always required in the form of basements or attics for seasonal items or additional belongings.
  • Parking bay: A parking space is another feature to look for to safeguard your vehicles.

6. Natural Light and Ventilation

  • Large Windows: Homes having large windows for good ventilation and light is required & attracts buyers. 
  • Cross-Ventilation: Good airflow throughout the home, including windows that can be opened on both sides of the house, is important, especially in warmer climates.

7. Curb Appeal

  • Well-Maintained Exterior: A clean and well-maintained exterior or tidy landscaping—sets the tone for the rest of the home.
  • Front Porch or Entryway: A front porch or a spacious entryway adds aesthetic appeal to the house.

8. Safety Features

  • Home Security Systems: Modern security features like cameras, alarm systems, and smart doorbell cameras are increasingly desired.
  • Fireplaces and Carbon Monoxide Detectors: Homes with working fireplaces, as well as built-in fire alarms and carbon monoxide detectors, provide added peace of mind.

10. Home Office Space

  • Dedicated Workspace: With remote work becoming more common, having a separate home office space has become a top priority for many buyers.
  • High-Speed Internet Access: Easy access to reliable, high-speed internet is a must-have for those working from home.

11. Community Amenities

  • Gated Communities: Gated communities have become popular and brings a sense of community with added security.
  • Shared Amenities: Amenities are provided to ease the life of the residents. Shared resources like a pool, clubhouse, walking trails, or fitness centre in the neighbourhood can be a deciding factor for many buyers.

12. Future Development: Inquire about developments that could affect your home value and living conditions, such as new construction, zoning changes, or infrastructure projects. 

13. Legal and Financial Aspects:

  • Property Taxes: Be aware of the property tax rate in the area, as it can significantly impact your monthly expenses.
  • Homeowners Association (HOA) Fees and Restrictions: If applicable, review the HOA fees and any restrictions that could affect your property usage. 
  • Zoning Laws: Check if the property complies with local zoning laws, to avoid any penalties if you plan to make future renovations or additions.
  • Property documents: Thorough check of all legal documents related to the property. Verify the title deeds, property ownership, approvals from relevant authorities, and close on any pending litigation. Seek legal advice and engage experts to ensure a legally and hassle free dealing.

Conclusion:

Home is a place where we all want to come back and feel relaxed. Hence, we need to be more vigilant and consider the right factors while buying it. While preferences vary for each individual having common features from the ones listed above are important. Analyse your requirements and move forward to make your dream come true.