If you need assistance, please call 843-278-1600

  • 2 Things Buyers Won't Give Up When Buying a Home!

    Tuesday, January 21, 2020   /   by Steve Smith

    2 Things Buyers Won't Give Up When Buying a Home!

    The 2 Surprising Things Homebuyers Really Want


    The 2 Surprising Things Homebuyers Really Want | MyKCM



    In a market where current inventory is low, it’s normal to think buyers might be willing to give up a few desirable features in their home search in order to make finding a house a little easier. Don’t be fooled, though – there’s still an interest in the market for some key upgrades. Here’s a look at the two surprising things buyers seem to be searching for in today’s market, and how they’re impacting new home builds.


    Homebuyers Are Not Giving Up Their Garages


    The National Association of Home Builders (NAHB) recently released an article showing the percentage of new single-family homes completed in 2018. The data reveals,



    • 64% of new homes offer a 2-car garage

    • 21% have a garage large enough to hold 3 or more cars

    • 7% have a 1-car garage

    • 7% do not include a garage or carport

    • 1% have a carport


    The following map represents this breakdown by region:The 2 Surprising Things Homebuyers Really Want | MyKCMEvidently, a garage is something homebuyers are looking for in their searches, but that’s not all.


    Homebuyers Are Not Giving Up Their Patios


    Patios are on the radar for buyers as well. Community areas are often common amenities in new neighborhoods, but as it turns out, private outdoor spaces are quite desirable too. NAHB also found that,



    “Of the roughly 876,000 single-family homes started in 2018, 59.4% came with patios…This is the highest the number has been since NAHB began tracking the series in 2005.”



    As shown in the graph below, the number of new homes built with patios has been increasing for the past 9 years. Clearly, they’re a desirable feature for new homeowners too.The 2 Surprising Things Homebuyers Really Want | MyKCM


    Bottom Line


    Homebuyers are looking for garage space and outdoor patio living. If you’re a homeowner thinking of selling a house with these amenities, it appears buyers are willing to spring for those key features. Let’s get together today to determine the current value and demand for your home.



      charleston real estate, charleston sc, charleston, homes for sale, real estate, condos for sale, houses for sale, town homes for sale, property management