Wednesday, June 27, 2012

Buyers' Expectation

Most buyers these days are looking for similar features in a new home.  The list generally includes  fantastic kitchens, hardwood floors, new or remodeled bathrooms, open floor plans, high ceilings and walk in closets in the master bedroom.

These features can be difficult to find in Lower Makefield, Upper Makefield and Newtown for buyers seeking a single family home in the $350,000 to $550,000 price range.

When moving from areas where housing prices are lower than in Bucks County, or from places  where there is a lot of new construction, buyers are usually disappointed. They frequently have to see many homes before they realize they must lower their expectations

The Bucks County communities along the I95 corridor were largely developed before 1995 with many of the homes being 30-50 years old.  These homes can be very nice, but buyers frequently view them as dated and in need of remodeling.  There are some newer homes, but those homes generally command higher prices.  If the buyers are lucky they may find a home that has been significantly updated, but in most cases they make compromises.

What many buyers don't immediately realize is that most of these older homes are well built and comfortable to live in. Updating can be done gradually and may not be as expensive as anticipated.  The area's ease of commuting to different destinations, fine schools and desirable neighborhoods are well worth the tradeoff.

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