The survey conducted by Bright MLS found that 56.1% of prospective homebuyers prioritize the condition of the home, particularly its move-in-ready status before making a purchase.
As renovation costs have risen significantly, with a 60% increase between 2020 and 2023, buyers are less willing to take on renovation projects.
While many prospective buyers might enjoy watching home renovation shows, they are not keen on purchasing homes that require renovation work themselves.
Most prospective buyers identified the number of bedrooms as crucial, with 53.2% ranking it as the most important feature, alongside strong preferences for garages and overall home size.
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