And big-picture events can shift preferences, too. As they get older and have young children, the same person may instead want a little more privacy and space. A young man or woman may prefer a downtown condo or apartment a quick walk from restaurants and bars. Preferences also often vary for the same individual over time. Some people like more urban, walkable areas versus a home with more privacy. Your Walkable Dream is my Nosy Neighbor Nightmare – Preferences Varyĭifferent people prefer different things.
#FLOOD FACTOR HOUSTON PLUS#
For example, a home that’s walking distance to a pharmacy or sandwich shop would be a plus for many, while a home far from the office might be a negative. They’ll also try to think about pros and cons of the location. When it comes to choosing one home over another, they’ll factor in the prices of each home and also its features-things like the number of bedrooms, bathrooms, but also harder-to-measure things like the view or the quality of the finishes and fixtures in the home. They think about the benefits they’ll accrue from owning a home against the costs and alternatives and make the best decision given those options. How Buyers Shop for a Home – Economic PerspectiveĪs we discussed when rolled out its noise data feature, economic theory suggests that home buyers approach the process rationally 1. This has implications for how buyers approach the home buying process and will enable additional future research on how home buyers consider this factor in their home search.
Today, ® announced the addition of new home flood risk data to its home shopping experience.
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