7 Things NJ Real Estate Home Buyers Want

What can make your NJ real estate home stand out above the rest when up for sale

 

The modern home buyer wants it all. Items on their list of wants include a home in great condition with multi-use rooms, indoor/outdoor living areas with decks and porches, and luxurious items such as designer appliances and granite counters. Buyers also know the climate of our current NJ real estate market and are in search of a great deal and ready to aggressively negotiate in order to get that deal.

Below are 7 recently popular items with buyers:

Homes in Good Condition

Buyers of today demand homes that are well-maintained, according to top NJ real estate agents. Many investors and first time buyers have limited amounts of cash and would rather spend their money on a home in decent condition than spend it on renovations after they have purchased the home. Another reason for this is how difficult it has become to obtain a loan in this day of the post-mortgage crisis.

Incentives

Along with rock-bottom pricing, the NJ real estate buyers of today are all about incentives. To pique buyer interest, sellers offer everything from gift cards for new furniture and paint to financial assistance at closing. This, in turn, has made it more difficult for sellers because not only are they being asked to lower their price, buyers are asking for significantly more.

Smaller Homes

Buyers are buying smaller homes, but they want to be able to use every inch of space. They are being much more strategic and efficient with how they use this space. For example, formal spaces that might be used only three or four times a year are becoming a thing of the past. In the past, people were able to obtain larger loans to afford much larger homes with rooms that were rarely used. Today, they are being much more realistic.

Outdoor Living Spaces

A recent trend seen in more and more homes is an outdoor living area. Some popular features include screened porches, outdoor kitchens and two-way fireplaces. These are great selling points and can make a home stand out above its competition.

Open Kitchens

The dividing wall between the kitchen and the family room is disappearing, according to NJ real estate agents. The kitchen is becoming part of the gathering space, similar to what was seen in homes hundreds of years ago.

Practical 'Green' Features

Buyers want features such as energy-efficient appliances and triple-glazed windows to minimize the operating costs of their home. Other non-tech features gaining popularity are solar panels on roofs, and constructing homes with more windows on the side of the home that receives the most sunlight each day, depending on the home’s location.

Luxurious Touches

Buyers love luxury, and sometimes providing these amenities can be relatively inexpensive and simple such as coffee bars in master bedrooms providing the ultimate convenience. Another luxury feature is expensive finishes in less-expensive homes such as granite counters, stainless-steel appliances, and marble tiles in the bathrooms. NJ real estate buyers also like areas with bar stools and other seating for entertaining guests.

 

The real estate market is changing rapidly and expanding into new avenues almost daily. Sometimes it can be very difficult to find the answers you need on a specific topic or issue. In times like these, you need a real estate professional who will provide valuable information and trustworthy advice. For more information on NJ real estate, call us today or click here to be connected with one of our top real estate specialists.