What a Buyer Wants

 What are today's home buyers looking for? According to a survey* of  22,000 recent home buyers, they plan to be “more practical” in their next purchase, focusing on livable space rather than "unnecessary upgrades."  Extras such as pools, media rooms and even dining rooms are considered unnecessary luxuries, with the focus being more on such things as:

• Efficient use of space (e.g. cabinets that go all the way to the ceiling)
• More workable kitchens (islands are still quite popular)
• "Greener" features (insulation, high-efficiency appliances)
• Nearby walking paths and playgrounds

In the master bath, whirlpool tubs are giving way to soaker tubs. But both are secondary to oversized showers.

Some features that are still important to buyers, however, include a home office, minimum two-car garage, and master suite on the ground floor (if it's a two-story home).

Of course, I think most buyers these days (40% of whom are first-timers) are also looking for a good deal.  With interest rates and prices at historic lows, and with a small window of opportunity to cash in on the tax credits now available, what better time to be a buyer?  Feel free to browse current Chico properties for sale at my web site:  www.ChicoLaura.com

 * As cited in the L.A. Times.  To read the whole article, click here.

CASH FOR CAULKERS

Heard of the new "CASH FOR CAULKERS" program the Obama administration is proposing?  Also known as The Home Star Program, if approved by Congress it will offer rebates of $1,000 to $1,500, or 50% of the cost, for simple upgrades, such as windows and insulation, duct sealing, and energy-efficient water heaters, for a maximum of $3,000 per home.

Job creation could be a big selling point with Congress. It's been estimated the program could create 168,000 jobs in construction and related industries. (Andersen Windows refilled 600 positions because of increased demand last year driven by a $1,500 energy tax credit, says Jim Humphrey, CEO of Andersen, which currently employs 10,000 people.)

The concept is based on the popular "Cash for Clunkers" program, which helped spur auto sales last year.  While we're awaiting word on congressional approval, you might want to check out sites like Flex Your Power or EnergySavvy.com for current rebates available.  This may be the year to get some of those home upgrades done for greater energy efficiency.  As President Obama says, "Insulation is sexy!"