Real Estate Information Archive

I found this article and thought it was worth posting. It shows what buyers are currently looking for in a home. This is a national list so locally in the Indianapolis area there would be a few changes to the list. For example Main Floor Masters are not nearly as popular in our area yet and basements are very high on the list. Buyers may find this interesting, sellers should look at this list as a home improvement checklist! 

 
Home designers and builders speaking at the recent International Builders Show in Las Vegas say that buyers are seeking cost-effective features and rejecting things that don’t have lasting value.

“It's all about family togetherness – casual living, entertaining and flexible spaces," says Carol Lavender, president of the Lavender Design Group in San Antonio.

Paul Cardis, CEO of Avid Ratings, which conducts an annual survey of buyer preferences, identified these must-haves in new homes:

1. Large kitchens with islands
2. Energy efficiency, including energy-efficient appliances, super insulation, and high-efficiency windows.
3. Home offices
4. Main-floor master suite
5. Outdoor living space
6. Ceiling fans
7. Soaking tub in the master suite and/or an oversize shower with a seating area
8. Stone and brick exteriors rather than stucco or vinyl
9. Community walking paths and playgrounds
10. Two-car garages, but three-car garages are even more desirable

Source: MarketWatch, Steve Kerch (01/30/2010)

If you are a first time buyer who is considering buying your first home and taking advantage of the incredible $8000 first time buyer tax credit...

You Only Have 2 More Weeks to Find and Buy Your Home

According to most mortgage and banking industry experts, the week of October 15 is the latest you can apply for a loan and close by the Nov 30 deadline to receive the tax credit. There are rumors that the tax credit may be extended, and that would be great. However, the only guarantee you have of getting this unprecedented opportunity for a free tax credit is closing on your home before December 1st.

Want more reasons to buy your first home now? Try these

• Incredibly low interest rates
• Lower Home Prices (A great opportunity to build equity)
• Large Selection of Homes to Choose From

An old saying says something like "if it weren't for the last minute, nothing would ever get done", I bring this up because this is the last minute. If you are looking to buy your first home in the Indianapolis Area (Carmel, Fishers, Noblesville) call the Borushko Team to find your dream home today. Also, if one of your friends is on the fence, please introduce us. We pride ourselbes in helping many first time buyers and will make their home buying experience easy, fun, and knowledgeable!