The 2 Things Homebuyers Really Want Garage And Patio

Dated: 01/21/2020

Views: 21


Image title

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 | Simplifying The MarketEvidently, 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 | Simplifying The Market

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.

Blog author image

Helen Thibeaux - BROKER-

Helen Thibeaux is the Broker/Owner of Majestic Realty & Investments. She opened her Boutique-styled brokerage in 2015 with a desire to help families establish and build their legacy along with the r....

Latest Blog Posts

What Are The Experts Saying About Mortgage Rates

Mortgage interest rates have risen over the last few months and projections are that they will continue their upswing throughout 2017. What impact will this have on the housing market? Here is what

Read More

Theres A Long Line Of Buyers Waiting For Your House

If you’re following what’s happening in the housing market right now, you know that many people believe the winter months aren’t a good time to sell a home.As realtor.com Senior

Read More

Does Aging In Place Make The Most Sense

Does “Aging in Place” Make the Most Sense?A desire among many seniors is to “age in place.”According to the Senior Resource Guide, the term means,“…that you will be remaining in

Read More

Why Pre Approval Is The First Stepin Getting A Home Loan In 2020

When the number of buyers in the housing market outnumbers the number of homes for sale, it’s called a “seller’s market.” The advantage tips toward the seller as low inventory

Read More