Each generation’s most influential factors in home buying

Photo by Andre Hunter on Unsplash

Home improvement website Porch.com recently surveyed consumers about their first home purchase. Their results segment out the most influential factors when buying a home by generation. Popular factors included budget, being move-in ready, neighborhood character and commute time. 

REALTOR Magazine

Do you believe in love at first sight? Many house hunters do: They describe stepping inside a house and instantly feeling like it’s “home.” But was it the price, the amenities, or the location that attracted them? Home improvement website Porch.com surveyed nearly 1,000 consumers about their first home purchase to find some of the top factors that influenced their buying decisions.

Aesthetic appeal, affordability, commute time, and neighborhood character were the top draws, according to the survey. Sixty-seven percent of baby boomers and 61 percent of Gen Xers say affordability was the most important factor when searching for their first home. Millennials also placed a high priority on finding a home within their budget, as well as renovated bathrooms.

To read the full story, click here: Survey: Why First-Time Buyers Chose Their Homes

Comments are closed.