3 Odd and Not So Odd Real Estate Facts.

fun facts

Is where the Super Bowl held directly affected by real estate prices in the area? Do you know which features in a new house appeal to which sex? No clue? Then read on to find out, as we give you 3 fun real estate facts that you probably didn’t know.

1. The Super Bowl and property value

The Super Bowl is considered one of the biggest television events during the entire year. But did you know that depending on what city it is being in is often directly proportionate to the value of the houses in the area? It’s true. Cities that have higher home values are chosen to host the annual event over those that fall in the median range (provided that you already have a football stadium). Below the $200k range? Don’t expect the Super Bowl to come to your town any time soon.

super bowl Home value

2. Renovation and Resale

Do you know what area of your house once renovated will yield the greatest return upon resale? The kitchen of course. But don’t be fooled by those who say a total remodel is always necessary. According to many experts, if the kitchen is in good shape, a minor remodel can benefit you more than a complete redo (because cost doesn’t always outweigh time and energy). Number two? Curb appeal. It’s rate of return can be as high as 87%. Find out some remodeling Cost vs Value by clicking the link below

click here to find out which Home Improvements have the best returns

remodeling cost vs value

3. The age old battle

Men and women are different in, well, most ways. And it’s no different when it comes to features they are looking for in a new home. Turns out according to a Harris Interactive survey, men tend to favor things like entertainment areas, hot tubs and swimming pools. Whereas womens top choices are walk-ins, kitchens, and decks. But there is one area they do agree on, the master bath. It tops the list for both sexes. Looks like they can agree on something afterall!

According to Redfin reports…

More Women Think Long-term

When it comes to home buying, women are in it for the long term. Redfin’s survey data reveals that 85.3 percent of female homebuyers under 35 were looking to buy a long-term residence, where they planned to live for more than five years, compared to 73.8 percent of their male counterparts. On the other hand, men under 35 were more likely than women to purchase a home to live in for less than five years, with 23.1 percent of males and just 13.1 percent of females choosing that option.

Objective in Buying

Sexes in the City vs. the Suburbs

Where do most homebuyers under 35 want to live? These preferences also varied by sex. A combined 54.8 percent of under 35 women were looking to stay in or move to the suburbs, compared to 47.2 percent of men. Meanwhile, men under 35 craved an urban lifestyle, with a combined 42.9 percent of respondents looking for a home in the city, compared to 34.6 percent of women.

Location Preference
*Responses related to rural living were excluded from this chart.

Ladies: No Spouse, No House

First comes love, then comes home buying for most ladies under 35. Seventy-eight percent of female homebuyers surveyed said they planned to buy a house with a spouse or life partner, compared to only 61.2 percent of men. Men, on the other hand, were more willing to go out on their own, with 35.7 percent planning to buy a home and live in it alone, with the person they are dating, or with roommates. Comparatively, only 18.4 percent of female buyers planned to buy on their own.

Partnership in Buying

Matching Must-Haves

Home amenities is one area where young male and female buyers see eye to eye. When choosing a home, good schools and proximity to work are the top two must-haves for both males and females under 35. On the other end of the spectrum, young buyers agreed that proximity to public transportation and affordable home prices were their lowest priorities.

Home Must-Have Male Rank Female Rank
Good schools 1 1
Close to work 2 2
Area will hold value over time 3 4
Close to restaurants and entertainment 4 3
Larger home and lot sizes 5 5
Close to family and friends 6 6
Close to public transportation 7 8
Affordable home prices 8 7

About This Report

For this report, we surveyed 1,722 active homebuyers between August 23 and 26, 2013 who had toured a home with a Redfin agent since May 15, 2013. Of those surveyed, 746 were under the age of 35. Respondents spanned 24 metropolitan markets in the U.S.: Atlanta, Austin, Baltimore, Boston, Charlotte, Chicago, Dallas, Denver, Houston, Las Vegas, Los Angeles, Orange County, Miami, Long Island, Philadelphia, Phoenix, Portland, Raleigh, Riverside, Sacramento, San Diego, San Francisco, Seattle, Washington, D.C.

So I hope you enjoyed these 3 fun random real estate facts and fun musing. If you have any other random real estate facts that are fun and entertaining please share in the comments/speak your mind below

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Michelle Manter Giglietti

Owner~Realtor at Manter Realty Group of Keller Williams
Top Producing Realtor and recognized blogger. In her free time you can hear her screaming fore at the local golf course,or catch her at home enjoying fresh cooking and a glass of wine with her husband and favorite 6 pound Morkie named Pedro.
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Listing information is deemed reliable, but not guaranteed. This IDX solution is (c) Diverse Solutions 2013.
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