The Western North Carolina real estate market is currently moving faster than a Highland Brewing seasonal craft beer. If you’re looking to get in on the action, you’d better be quick! That means entering the market as a knowledgeable buyer.
By examining the average home that buyers are purchasing, evaluating the homes for sale in your ideal community, and determining your personal priorities, you can discover the perfect size for your next home.
What is the Typical Home being Purchased?
According to the National Association of REALTORSⓇ Profile of Home Buyers and Sellers 2016, 86% of home buyers purchased previously owned homes. Detached single-family homes made up 83% of purchases, while 7% were townhomes or row houses. “The typical home that was recently purchased was 1,900 square feet, had three bedrooms and two bathrooms, and was built in 1991.” If you’re not sure what size you need, this is a great place to start.
What Homes are for Sale in Your Community?
The typical home buyer expects to live in their home for a median of 12 years. That’s a significant amount of time to be immersed in a neighborhood’s lifestyle. Some neighborhoods obviously lend themselves to larger homes than others: Downtown lofts are limited in width and height, planned communities often have typical lot and home sizes, while farmhouses sitting on a dozen acres could be quaint and cozy or downright palatial.
This question of what homes are for sale where you want to live obviously cannot be answered in a carte blanche statement. However, Beverly-Hanks has in-depth information available about more than 100 WNC communities. Navigate to the community of your choice, click on the Research Center tab, and enjoy immediate access to valuable supply and market information. If you’re not sure what community is best for you, we can help with that, too.
What are Your Home Purchase Priorities?
The most important step to finding your perfect home is to know what that means for you. Buying a home is one of the biggest decisions you’ll ever make. It’s easy to get swept up in the magic of gourmet kitchens and spacious bonus rooms. But if those features are outside of the scope of your needs (or worse, outside the scope of your budget), building your home choice around them will only lead to disappointment. Instead, focus on your biggest priorities. No gourmet kitchen will satisfy your need for three bedrooms instead of two, and your bonus room isn’t going to help you get into that perfect school district.
Start Your Home Search to See What’s out There
When you’ve discovered your perfect community and you have a few priorities in place, begin an initial home search. If you’re still not sure, here’s a custom search for the “typical” three-bed, two-bath home:
Then, discuss your home purchase goals with your Beverly-Hanks agent. He or she will be able to help you weigh the short- and long-term benefits of your ultimate decision. Then when your perfect home hits the market, you’ll be ready to act quickly to make it yours.
All real estate is local. In order to make confident real estate decisions, we believe it is important for you to have timely and neighborhood-specific information. If you would like more information about purchasing a home, our experts at Beverly-Hanks are here to help. Contact us today to speak with a Beverly-Hanks real estate agent about buying homes and land in Western North Carolina.