top 8 reasons buyers choose new construction

10
Top 8 Reasons Buyers Choose New Construction Insights for builders

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Page 1: Top 8 Reasons Buyers Choose New Construction

Top 8 Reasons Buyers Choose New Construction

Insights for builders

Page 2: Top 8 Reasons Buyers Choose New Construction

1Affordability.

37% of first-time buyers and 32% of repeat buyers cite affordability as their top reason for

choosing new construction.

Page 3: Top 8 Reasons Buyers Choose New Construction

2Desirable location.

Location is key: 34% of repeat buyers and 28% of first-time buyers want to live in their preferred

neighborhood with a good work commute.

Page 4: Top 8 Reasons Buyers Choose New Construction

3Newness.

36% of repeat buyers and 26% of first-time buyers chose new construction for new

or never-used features.

Page 5: Top 8 Reasons Buyers Choose New Construction

4Appealing features.

29% of both first-time and repeat buyers value features like floor plans, square footage and types

of materials.

Page 6: Top 8 Reasons Buyers Choose New Construction

5Customizability.

A top attraction for first-time buyers (29%) and repeat buyers (27%) is the ability to make the new

home reflect their style.

Page 7: Top 8 Reasons Buyers Choose New Construction

6Floor plan options.

Choices are important to new construction buyers: 27% of repeat buyers and 22% of

first-time buyers want a selection of floor plans.

Page 8: Top 8 Reasons Buyers Choose New Construction

7Free builder upgrades.

27% of first-time buyers and 21% of repeat buyers jump at your free upgrades.

Page 9: Top 8 Reasons Buyers Choose New Construction

8Builder reputation.

Reviews matter: 24% of first-time buyers and 23% of repeat buyers consider your reputation when

choosing new construction.

Page 10: Top 8 Reasons Buyers Choose New Construction

Check out the Zillow Group Report on Consumer Housing Trends for more new construction buyer insights.

Read the report