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10 Features First Time Home Buyers Are Looking For

selling a homeNearly a decade of positive housing momentum has been interrupted by the pandemic that has forced governments around the world to issue “quarantine” orders. What was expected to be one the busiest summers of recent history has actually failed to live up. Instead of realizing historic home sales figures, buyers and sellers now sit on the sidelines, waiting for the right person to move. But, there is still demand. Despite the pandemic being an obstacle, buyers remain in the market and are likely to be more willing to purchase than ever.  This raises the question: What do home buyers really want? What can sellers do for their homes to make them more attractive to buyers?

Although the Corona virus has changed how buyers and sellers see the real estate market, some of the most desirable home features have remained the same. A Myrtle Beach Realtor will be able to find a home with your favorite features. How can sellers capitalize on this participation? What can homeowners do to ensure that their homes sell in the coming year? Lastly, what features are the most important for home buyers?

Updated Kitchens & Baths

What are the top priorities for new home buyers? It’s simple: modern kitchens and bathrooms. Millennials as well as first-time home buyers are making their intentions clear. Modern kitchens and bathrooms are essential. Metropolitan Regional Information Systems Inc. recently conducted a survey and found that 81% of respondents considered updated bathrooms and kitchens to be the most important features when deciding whether to buy a home. If you have the budget, you should  update your bathrooms and kitchen.  You don’t have to spend a lot to attract first-time homeowners.

Open Floor Plans

What is the most important thing home buyers want, other than more living space? After all, the whole point of buying a home is to improve on existing living arrangements. First-time home buyers are keen to have open floor plans, even if they don’t need modernized bathrooms and kitchens. Before selling a property, sellers should review their floor plan.

Proper renovations can increase the property’s value and appeal. It is possible to have more attractive floor plans that create demand. Your property will sell faster and more often if it has more exposure.

Low Maintenance Features

Many millennials are discouraged from participating in the housing market because of the high cost of buying a home. Even those who do make the leap should be cautious, as prices rise in every city. It’s not hard for first-time home buyers to save enough money to pay a down payment or make a monthly mortgage payment. First-time home buyers don’t have enough money to cover all the costs associated with the purchase.

Selling homes should consider the idea of saving money on home maintenance as a selling point. First-time buyers are often embarrassed by the idea of spending more on maintenance after making the biggest purchase of their lives. Therefore, it makes sense that they would prefer a home that is ready to move in than one that requires extensive maintenance. Sellers are encouraged to minimize the amount of work required after purchase.

Energy Efficiency

Energy efficiency is similar to limiting the maintenance that a property requires after it has been purchased. First-time home buyers are now interested in saving money. Energy efficiency can also lead to compounded savings over time.

If you want to attract first-time buyers, sellers should include as many energy-efficient upgrades as possible in their homes.

Today’s buyers are more interested in how much money they can save on their energy bills. Properly insulated homes can help owners save a lot of money on their energy bills.

When you’re looking to sell your house, make sure to mention any energy-efficient features you have. A first-time buyer is interested in any amenities that can save them money over the long-term. This includes low-flush toilets and attic insulation.

Wireless connectivity

What do home buyers really want right now? Connectivity. Millennials are more tech-savvy than any other generation. It is safe to say that millennials will be dependent on technology in their home buying decisions. Nearly a quarter (20%) of first-time buyers will place priority on homes that have strong mobile phone service and Internet connectivity (smart home features).

It’s not surprising that millennials are the first generation to expect their homes to be technologically compatible. Strong Internet connections and mobile phone service are not a luxury, but a necessity. Sellers will have a better chance of selling their home if they realize this sooner than later. If you don’t address this issue, your home will become stale.

Laundry rooms

Laundry rooms are often overlooked, but they’re not forgotten. According to Kiplinger, 91.0% want laundry rooms in their new homes. This includes first-time buyers. It could be that they need more space or because they have had enough of sharing communal laundry rooms in their apartment buildings. However, first-time buyers expressed the desire to have a laundry area.

Patios

Many first-time buyers will want more space when they move into a new home. New buyers often come from small living spaces and need more space. A patio is a great option because most buyers have grown to use a balcony. It’s also a simple upgrade that can make all the difference.

Garage Storage Space

It’s easy to accumulate way too many things, as any homeowner will tell. Garage storage is essential for homeowners who have a natural knack for excess. But efficiency is more important. The garage storage allows homeowners to store the items they want and need without taking up too much living space. Garage storage is often more accessible than an attic, shed or garage, so homeowners can store their items over the course of a year and not forget where they are.

Garage storage costs can vary greatly, with everything from DIY shelves to professionally built workbenches and cabinets. The effort, regardless of price, will attract more buyers.

Exterior Lighting

The exterior lighting can be a great way of adding curb appeal as well as functional lighting. A well-lit home will make you feel more welcoming and attractive to those who pass by it or stop in to visit. Anyone who plans to host outdoor activities will need exterior lighting. Exterior lighting can also be an additional safety feature. Even a few small changes can make your home safer. Home buyers are beginning to notice the importance of exterior lighting, whether it is for entertaining or hosting a party. Exterior lighting is relatively affordable at $50.00 per fixture. Although the price of more expensive fixtures can go up, the bottom line is that it can still be done at a reasonable cost.

Walk-in Pantry

What are the most important features for home buyers? This is the most important feature for home buyers. Walk-in pantries can be a great way for a home to have more space. A walk-in pantry can cost anywhere from a few dollars to a large sum. The style of your home will determine the price. Luxury homes, for example, will need larger pantries to meet their needs. Owners can spend upwards of tens to thousands of dollars on luxury walk-in pantries. Mid-range homes may be able to get something cheaper. A walk-in pantry is a must-have for 83.0% of today’s buyers. This makes the investment worth it. They also want more space than the current place they live.

 

It is important to tell your Myrtle Beach Real Estate Agent what is important to you and what you look for in a home. The remainder of 2022 will undoubtedly attract the attention of first-time home buyers. This leaves sellers with one question: What features are most important for home buyers? What are the needs of new home buyers? And what can sellers do today to meet their customers’ expectations? Sellers should not only offer a listing in a competitive market but also take note of the above amenities. Sellers should not only be able to find buyers with today’s most desirable home features, but they should also offer higher returns for their owners. Sellers have the responsibility to deliver if buyers are willing to pay more for the features they desire. 

If you are a first time home buyer looking for the perfect home, call Full Potential Real Estate, LLC today!

Full Potential Real Estate, LLC

Myrtle Beach 29579

843-236-0203

How Can You Get The Best Deal On A Model Home?

Purchasing a model home is a bit like buying a vehicle that’s only been used for test drives.The dealer will usually offer a discounted price for the car. Builders are known to offer discounts on model homes, even if no one has lived there. If you are looking for the best deal on a model home, there are many options.

You can view all the model homes for sale if you wish

Most builders sell homes before they build them. This is because the home’s layout and appearance are the same as the one built. They know that the model must look beautiful so they spend a lot of money decorating it. Designer paint and upgrades are included in many Myrtle Beach homes. You should inspect them all and choose the one that offers the most location, upgrades, and layout.

Hiring Your Own Agent

Bring your Full Potential Real Estate, LLC buyer’s agent with you when you go to the office to buy or look at a home. Some builders won’t allow you to bring your agent later if you arrive unaccompanied. The builders’ sales representatives are expected to represent the builder, regardless of what they might tell you. They may use pressure tactics to get you to sign a contract. Many buyers don’t remember signing anything. This is due to how smoothly the representatives work in their sales offices.  The buyer’s agent will represent your interests. Your agent represent you and be responsible for protecting your interests. He is responsible for disclosing all positive and negative aspects of the deal.

Ask if anyone has lived in the model home

However, this does not necessarily mean that the person has lived in the model home. It could have been used as a sales office. Ask how long it has been in use. It is unlikely that your kitchen appliances have been used too often, but don’t be surprised to find that the fixtures in the bathrooms aren’t in top shape. These details can be used as leverage to negotiate a lower price for your model home.

Compare the Sales

If the builder doesn’t list on MLS, your buyer’s agent won’t be able to get comparable sales. You can get the data from a title agency. It is possible that you won’t be able to see which houses were sold with what upgrades. It will not be as important as the promoted sales price. How many deeds were mailed to the property? What numbers were sent to other addresses? This could indicate that some of the homes were mailed to other addresses. Investors are often the first to bail when the market crashes. One reason you’re buying in a new subdivision, however, is to be near buyers similar to yourself.

Before signing a purchase contract, get legal advice

Before signing a purchase contract, you should hire a realtor lawyer. Although standard purchase agreements are designed to protect people from being sued, the language in these agreements does not always protect the home buyer. These contracts can be as long as 100 pages and focus on protecting the builder.

Consider Using Your Own Loan

Because they can keep you informed about your progress, builders prefer to work with their own lenders. This is a sort of one-stop shop for the builder. The lender might not be able to offer you the best loan or interest rate. The builder might also own the lending company.

Hire A Home Inspector

A qualified inspector is also a must. This cannot not be someone from the immediate family. A real, qualified, inspector is required. You must be present when the inspection takes place and make sure you ask any questions you may have. Not only can defects be found in old homes; they can also occur in newer properties. Construction workers are human beings and can make mistakes.

Verify the Builder’s Reputation

A bad experience with a builder can spread like wildfire in a community. You will never know if the bad reputation is an isolated incident or if there are other instances of poor service. No matter what the reason, make sure you verify and check public records before you file a lawsuit.

You can negotiate the price

It is standard to leave the furniture in the model home. If you ask them, artwork, furniture and other items like this can be left in the house. When you sign the purchase contract, you should inform them that you would like to keep these items without any consideration and without warranty. Do not be intimidated by a builder’s agent stating that the price is fixed. It is very rare for it to be so. Learn how to negotiate home prices starting from a position of strength. Ask your Myrtle Beach Real Estate Agent for recommendations.

Buy the Last Model Home

Closeout sales are a great way to get the best deals. There is no need to be concerned about future home sales being less expensive. If you can, get the last model home.

Call Full Potential if you are looking for a real estate agent who can help you buy a model home.

Full Potential Real Estate, LLC

Myrtle Beach, SC 29577

843-236-0203

http://fullpotentialrealestate.com

Real Estate Tips For First Time Home Buyers

buying a homeIt is not a good idea to jump into the real-estate industry as a first home buyer without making the necessary preparations. Before you buy your first home, there are many things you need to do. This is essential to make sure that your purchase is successful and beneficial for both you as well as the seller.

These tips are from real estate professionals if this is your first home purchase.

Deciding if purchasing a house is the right decision for you

First, determine if buying a home is right for you. To ensure that you can afford the house in the future, assess your financial situation. You should not plan to move in the next five years. You will waste your time looking for the right house and going through the steps of the home buying process if you do not plan to live there for an extended amount of time.

Get the best professionals

Experts agree that hiring the right professionals is key to a successful home-buying experience. Although the internet has many of your needs covered, it’s still important to have licensed and trained professionals assist you in your home purchase. This is especially important if you are buying your first house. The realtor, mortgage professional and listing agent will help you navigate the entire home buying process. You will need to spend some time searching for the best professionals to work with. Once you find a Myrtle Beach Real Estate Agent, you should feel at ease. 

Protect your finances

This is vital as there are many costs and expenses associated with buying a house. You need to ensure that you have enough funds to cover the monthly payments for the next few years. After paying the down payment and closing, make sure that you have enough money. Remember that there will be other expenses, such as utilities and daily living expenses, that you need to cover after you buy the house and when you settle in.

Priorities you should be focusing on

This principle is especially important when searching for homes to purchase. This is especially important when looking for homes to buy. When you visit houses, don’t get distracted by the beautiful counter top or the intricate wall decors. These are the things sellers use to attract buyers. It won’t be as hard or heartbreaking to sell your house if you don’t have the money.

Talk to your neighbors

According to real estate professionals, talking to neighbors is a great way to evaluate the neighborhood. This, along with visiting the area at different times of day, will help you decide if the house is right for you. As long as you can find neighbors who have lived in the same house for many years, they will be able to give you lots of information about the area and the house you are interested in buying.

 

Looking for a trained and licensed real estate professional to work with? Call Full Potential Real Estate, LLC Today!

Full Potential Real Estate, LLC

Myrtle Beach, SC 29577

843-492-4537

http://fullpotentialrealestate.com

 

SELLING A HOME: WHAT YOU NEED to KNOW About SELLERS’ DISCLOSURE.

selling a homeThere might be unfamiliar terms that you need to know when selling a home. The term “sellers disclosure” can be confusing for first-time sellers. What is a seller’s disclosure? And why is it so important? This article will address frequently asked questions about the subject.

This is what you need to know about the seller’s disclosures when selling a home

What exactly is a seller’s disclosure?

A sellers disclosure is a document that asks several questions about the property. The answers to these questions can be eithrer yes or no. The questions ask for descriptions of the property that may affect its value or influence the buyer’s decision to buy. Potential hazards, water damage, and pest infestation are all factors that could negatively impact the house’s value. When selling a Myrtle Beach home, this information must be disclosed. The disclosure gives buyers an overview of the property.

Do I have a legal obligation to disclose my seller’s identity?

Depending on where you live, the answer might be different. Some states have more stringent requirements. In some states, disclosure may be optional. The disclosure may be required in certain areas. It is also part of the contract for the property purchase. To learn how to proceed, speak to your real estate agent.

Do home improvements need to be disclosed?

It is important to mention any major home improvement projects that were undertaken. It is important to note whether all permits required for the project were obtained. Home repairs and minor home improvements are not required.

If the sellers have provided a disclosure, is a home inspection no longer necessary?

The short answer to this question is no. A home inspection is often a condition of a home buyer‘s purchase. You, the homeowner, should have a home inspection before you list your home. This will allow you to be aware of any problems that may exist.

What happens if there are issues?

There are two options for homeowners if there are any issues after a home inspection. The homeowner can either sell the home as is or make an offer to buy it. This is provided that all issues are clearly disclosed in the contract. To make the sale more efficient and less complicated, the homeowner can choose to fix any problems.

What happens if I don’t disclose issues?

The answer to this question will vary depending on where you live. Buyers can usually opt out of the deal if there are any issues prior to closing. If the buyer does not close and discovers the problems, they can sue the seller. Hire experts such as Full Potential Real Estate to avoid any legal consequences.

Can I sell my house as-is?

It is permissible to sell a house as-is in certain areas. This is a great way to quickly get cash when you need it. You will need to share all information about the house, including any hidden issues.

Only the best Myrtle Beach real estate agents are available. Full Potential Real Estate can be reached at (843) 236-0203.

Full Potential Real Estate, LLC
Myrtle Beach, SC 29577
843-492-4537
https://fullpotentialrealestate.com

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