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What Homebuyers Want in Grand Rapids MI

by Mark Brace

As spring winds down and summer draws closer, more and more homebuyers are beginning to come out for the busy season, especially as they start to notice local real estate market increases. Nationwide, inventory is finally seeing an increase (great news for homebuyers), as well as existing home sales and housing prices. According to a new analysis by CoreLogic, a global real estate industry firm, U.S. home prices saw increases up to 11.3% in the fourth quarter of last year compared to the previous year.

"Limited construction of new homes and low inventories of existing homes for sale contributed to the jump," said one CoreLogic economist. Also contributing to the increases are the number of "traditional" homebuyers that are making the move into the Grand Rapids real estate market. Buyers that choose homes based on their own personal wish list and desire to stay put for a good amount of time. These traditional buyers are choosing homes based on certain features that appeal to their lifestyle, including their profession.

So what types of features are drawing these homebuyers to homes in the Grand Rapids area? Or what will they be looking for as the summer buying season gets underway? One important factor is an easier commute! 

The National Association of Realtors (NAR) recently reported that "seventy-three percent of recent homebuyers said that commuting costs were an important factor when deciding whether or not to purchase." Homebuyers are now weighing the benefits of being close to work as well as having shops, restaurants, schools, and transportation nearby. As of late, buyers are now factoring these into their decision to purchase a home in the Grand Rapids area

Homebuyers want to live close to their workplace and as a result, that is driving up housing prices. "It creates a positive feedback loop; the more skilled workers employed in an area, the more others want to move there." Neighborhoods also benefit from having such skilled professionals in the area as it raises the profile of the community and thus, the value of the homes. It's also a great selling point for those who may currently be living in a coveted area— so, Grand Rapids area home sellers take note!

In addition to the commute time, homebuyers in Grand Rapids, Kent County, Forest Hills, East Grand Rapids, Cascade, Ada, Rockford, Northview, and Grandville are looking for neighborhoods that are walkable. Not only do they want their Michigan homes to be close to their workplace, but also in easy-to-navigate and walk-around neighborhoods that offer a mix of homes, stores, and businesses. According to a National Association of Realtors Community Preference Survey, 60% of those looking to purchase a home agreed that they chose a home based on its walkability and proximity to such shops and businesses.

What's important to you as a Grand Rapids area homebuyer? If this is the year you're planning to buy a new home, we can work together to find a home that meets your criteria, in a great neighborhood and with your home wish list features. Contact me today to discuss which homes are available for you!

I happily serve the areas of Grand Rapids, Kent County, Forest Hills, East Grand Rapids, Cascade, Ada, Rockford, Northview, Grandville, Kentwood, Caledonia, Walker, Cedar Springs, Sparta, Belmont, Comstock Park, Byron Center, Wyoming, Alpine, Kenowa Hills, Plainfield, Cannon, Lowell, Sand Lake, Jenison, Hudsonville, Wayland, Belmont, Alto and Kent City


Mark Brace

Brace Homes

Realtor, ABR, CRS, GRI, SRES, e-pro, AHWD, SFR

Berkshire Hathaway HomeServices Michigan Real Estate

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Home Assets for Grand Rapids Area Home Sellers

by Mark Brace

If you've made the decision to sell your Grand Rapids area home this year, you may be focusing on all the obvious home features that a Grand Rapids homebuyer is looking for. But what about those that go overlooked? Chances are your home has features that Michigan homebuyers want, but aren't brought to their attention. This year, many Grand Rapids homes will go "under-marketed" as they glaze over these special home features— but you can be one step ahead! Start off on the right foot by teaming up with your trusted Grand Rapids real estate agent and take the following into consideration when selling your home:

Highlight the Storage

Remember, just because you're moving to a new home, doesn't mean your current home doesn't have positive features. It's important to play these up and display them in a positive light for homebuyers who are ready to buy Grand Rapids area real estate. One of those features is storage; renters are making the move to buy a home exactly for this reason. “One common beef of renters is that rental homes lack storage, which leads to belonging overflow and a cluttered life,” MSN Real Estate reported. “So, if your home has been tricked out with extra closets, pantries or other built-in storage amenities that you plan to leave,” you'll want to point that out to homebuyers!

Highlight the Eco Features

One of the most important features of a home is one that saves the owner money in the long-run. If you've upgraded your home with eco-friendly or energy-saving appliances, windows or the like, homebuyers might take an added interest in the property. Buying a home in the Grand Rapids area is a big decision and existing home features that cut costs are a huge asset. It's also important to keep in mind, “if you’ve managed to get your energy bills down way below what’s normal in your area, [that] could be a selling point you don’t want to overlook,” added MSN Real Estate.

Highlight the Location

Is your home located within walking distance or easy driving distance to local shops, entertainment or great schools? Make sure potential homebuyers are aware! It's all about location in real estate and if your property happens to be placed in an ideal area, you're already ahead of the game. What can help is thinking of yourself as an outsider when it comes to highlighting the location. Don't always assume potential a Grand Rapids homebuyer is familiar with the area. Now that most buyers begin their home search online, they tend to search homes by price rather than location— your tips about the property being in a great school district just may make your home a buyer's must-buy this year.

I happily serve the areas of Grand Rapids, Kent County, Forest Hills, East Grand Rapids, Cascade, Ada, Rockford, Northview, Grandville, Kentwood, Caledonia, Walker, Cedar Springs, Sparta, Belmont, Comstock Park, Byron Center, Wyoming, Alpine, Kenowa Hills, Plainfield, Cannon, Lowell, Sand Lake, Jenison, Hudsonville, Wayland, Belmont, Alto and Kent City


Mark Brace

Brace Homes

Realtor, ABR, CRS, GRI, SRES, e-pro, AHWD, SFR

Berkshire Hathaway HomeServices Michigan Real Estate

New Listing Alerts

Search My Listings

Contact Me

Displaying blog entries 1-2 of 2

Contact Information

Mark Brace, Realtor, ABR, GRI, CRS, SRES, e-PRO, A
Berkshire Hathaway HomeServices Michigan Real Estate
3000 East Beltline NE
Grand Rapids MI 49525
Direct: (616) 447-7025
Cell: (616) 540-7705
Fax: (616) 447-7025

Berkshire Hathaway HomeServices - Michigan Real Estate is a full service, locally operated real estate brokerage company backed by the strength of a solid national and global brand. Our full service businesses include Residential, Commercial, Relocation, Mortgage, Insurance, Home Services and New Homes & Land. Our core values, service philosophy, cutting edge technology, and most importantly our people are what make us the leading real estate company in Michigan. We are committed to providing the highest quality real estate services possible and making each customer's experience one that surpasses their expectations.