What we buy, what we want and what we'll pay extra for

September 16, 2007|By NEW YORK TIMES NEWS SERVICE

The National Association of Realtors surveyed 2,530 homebuyers, both first-timers and repeat buyers, who purchased a new or resale home between late 2005 and early this year. The survey showed that the typical house purchased during that period was one story with three bedrooms, two baths and 1,840 square feet. The median price paid was $205,000.

According to the survey, the top-ranked features included central air, a garage with two or more spaces, walk-in master closet, backyard/play area and high-speed Internet access. Less than 5 percent were interested in a wet bar, central vacuum or intercom. More than 50 percent of buyers said they would pay more for a house with hardwood floors, high-end kitchen appliances and granite countertops.

Most Americans purchased their homes near a desired feature such as schools (70 percent), shopping or playground (64 percent), restaurants/entertainment (63 percent) or work (59 percent).

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