By Melissa Dittmann Tracey styledstagedsold
LAS VEGAS – Some home features don’t stay popular forever. More homes are inching away from incorporating the following home features, according to recent consumer preference surveys.
1. Fireplaces: The fireplace skyrocketed in importance in homes in 1991 with 62 percent of new homes having one or more. But the number has steadily been decreasing ever since. In 2007, the number dropped to 51 percent.
2. Carpet: While 54 percent of homes still have carpet floors, the number is decreasing and hardwood floors are taking the place. Vinyl and ceramic tile flooring also are being bypassed more by buyers. Seventeen percent of new homes contain hardwood floors throughout the entire house.
3. Living room: These once-decorative centerpieces of homes are slowly vanishing from newer homes. Thirty-four percent of consumers say they’re willing to buy a home without a living room.
4. Desks in the kitchen: These desks were once looked at as great storage areas but they’re often too small and quickly become clutter spaces in a home, said Gayle Butler, editor in chief of Better Homes and Gardens. Instead, more consumers say they prefer larger desks in or near the family room—equipped with a messaging center—where they can keep an eye on their kids as they work on the computer.
5. Skylights: The little windows that allow natural light to seep into a home from above are falling out of style. Only 10 percent of new homes will include them this year, a continuing downward spiral for skylights.
6. Upscale kitchen finishes: Granite countertops are slowly becoming less desirable among buyers who are now moving toward affordable, low-maintenance laminate countertops—which tend to last longer and now come in various styles.
What trends are you noticing are falling out of favor with your buyers?
Living in a Historic community and having 4 fireplaces which I LOVE- I do not agree with this one 🙂 – you just can not beat my heat sucking beauties! I’m also not a fan of Granite- I have butcher block… I think next I would want concrete buffed..
Cities that were not so long ago little more than big fishing villages are rising to global commercial prominence.
Using the MasterCard Worldwide Emerging Markets Index, which ranks 65 cities in 30 markets on the basis of business environment, economic growth, and financial services environment, Forbes magazine chose the world’s next great cities.
Turbulence in world markets is affecting some of them, but others are mostly escaping these issues.
“Many of these emerging economies have not been as financialized as those in established countries,” said Saskia Sassen, a professor on Columbia University’s Committee on Global Thought.
Here are the top 10 emerging cities:
- Shanghai, China
- Beijing, China
- Budapest Hungary
- Kuala Lumpur, Malaysia
- Santiago, Chile
- Guangzhou, China
- Mexico City, Mexico
- Warsaw, Poland
- Bangkok Thailand
- Shenzhen, China
Source: Forbes, Matt Woolsey
Even in this tough market, a nice outdoor deck is a feature any home buyer can love.
The size of the average deck on an upscale home has doubled in the past 10 years, to about 700 square feet, according to Harvard’s Joint Center for Housing Studies (JCHS).
Decks are particularly popular with young families. Parents like the idea that children can be outdoors, yet contained in a safe place.
However, Home builders don’t seem to have gotten the message that decks are popular. Ninety percent of all decks are added as a remodeling project, says Steve Van Kouteren, of consulting firm Principia Partners.
The cost of the average deck project has risen 40 percent since 2004, to $10,347, according to JCHS. But it’s an improvement that tends to pay off pretty well at resale. Homes on the Pacific coast get a 108 percent return on when the home is sold, according to Remodeling magazine. Those in the upper Midwest, where the season for outdoor living is short, get only 71 percent.
Source: SmartMoney, Brad Reagan
Interest in purchasing a foreclosed home is rising rapidly, according to a survey conducted in April by Harris Interactive for Trulia.com, a real estate Web site.
Here’s what the survey revealed about buyers who tend to be interested in buying a foreclosure:
- About 60 percent of single/never-married adults are more likely to be at least somewhat interested in purchasing a foreclosure.
- About 50 percent of men are likely to be at least somewhat interested compared with 51 percent of women.
- Younger adults, ages 18 to 34, are the more likely than other age groups to consider buying a foreclosure with 69 percent expressing interest.
- Only 32 percent of adults 55 and older are interested in buying foreclosures.