Craftsman Style Homes Cost a Premium

first_img Amenities Craftsman Style Farmhouse Home Home Shoppers Homebuyers HOUSING markets Offers Zillow 2018-05-02 Radhika Ojha Craftsman Style Homes Cost a Premium in Daily Dose, Data, Featured, News Many dreamy-eyed millennials are entering the housing market with their sights set on farmhouse and craftsman style homes, but they may have to pay a price for their sense of style. Entry-level homes described as “craftsman” or mentioning farmhouse style characteristics come at a premium, according to a study released Wednesday by RealEstate.com. RealEstate.com, a Zillow Group brand focused on assisting first-time homebuyers, analyzed millions of descriptions of entry-level homes to determine which features cost homebuyers the most. Homes priced in the bottom third of the market are considered “entry-level.” Making up 42 percent of homebuyers and 71 percent of first-time buyers, millennials are beginning to have “an increasingly notable impact on the market,” according to RealEstate.com. In the entry-level sector, “craftsman” homes sold for 34 percent more than other comparable homes without the “craftsman” designation between 2016 and 2017. Starter homes with “coffered ceilings” or “clawfoot tubs” came at a 29 percent premium, according to the analysis. Other high-value features or descriptors included “mid-century,” “in-law,” “landscape/path/outdoor/deck lighting,” “exposed beam or ceiling,” “farmhouse sink,” and “wainscot.” All of these features came at a premium between 25 and 30 percent in the entry-level sector of the market. Buyers in the top tier of the housing market also paid more for these features, but the premiums were lower on a percentage basis. “Craftsman” and “coffered ceilings” bumped prices for high-end homes up by 20 percent. Homebuyers in the top tier prioritized “outdoor kitchens,” which came at a 28 percent premium, and “heated floor; radiant heat,” which cost buyers 25 percent more. While style was clearly a priority among homebuyers shopping for lower-priced homes, energy efficiency may be the most coveted feature. In the low-priced home sector, solar panels came at the ultimate premium, selling for 40 percent more than homes without. Homebuyers in the top tier paid just 13 percent more for solar panels. “In today’s competitive housing market, understanding what homes may command a premium or attract multiple offers can be hugely beneficial to buyers,” said Jeremy Wacksman, Chief Marketing Officer at Zillow Group. With nearly a quarter of homes selling for more than their asking price in 2017, according to research from Zillow, Wacksman urges home shoppers to “keep in mind which features or amenities matter most to you in a home.”“While a farmhouse sink or butcher block counters may appeal to many millennials and first-time buyers, not everyone may want to pay the premium those features may command,” he continued.center_img May 2, 2018 612 Views Sharelast_img read more

Leading global travel search site Skyscanner has i

first_imgLeading global travel search site Skyscanner has identified five distinct flight booker types and found that over a third (38%) of British travellers consider themselves ‘safe bet bookers’.The Safe bet booker is identified as booking his flights as early as possible, unwilling to risk holding off in case flight prices should rise or flights sell out. The other booking behaviour types that were identified are:• The Competitive Booker: If the price looks reasonable they will book, however once booked, they check every day to see if they made the right decision.• The Efficient Booker: Once they know where they are going, they will just want to book, regardless of whether they are getting a good deal as they don’t have time to check prices. Efficient bookers are cash rich but time poor.• The Gambler: They want to get the very best price and if that means waiting until the last minute, they are happy to take that risk.• The spontaneous booker: This type of booker is pretty laid back about when they book or even where they are going. If they see a flight that looks good value, they will simply book it.The identification of these booker types follows Skyscanner’s recent study which revealed the best time to book flights is, on average, five weeks before departure. However only 11% of Brits would be happy to hold off until nearer the time, identifying themselves as Gamblers. Many more (29%) identified themselves as competitive bookers, while 12% saw themselves as efficient bookers and a further 10% identified with the spontaneous booker type.Skyscanner’s Mary Porter commented:”This study shows that we all look at booking our flights in very different ways with some competitive types almost seeing it as a game or a challenge while others have a far more laid back approach. Of course those who have to travel at a particular time are more likely to want to book in advance and we understand that – however our advice would be to track fares by signing up for price alerts, allowing them to see when lowest fares become available”.British Travellers by Booker Type:1. The Safe Bet Booker 38%2. The Competitive Booker 29%3. The Efficient Booker 12%4. The Gambler 11%5. The Spontaneous Booker 10%-ends-ReturnOne wayMulti-cityFromAdd nearby airports ToAdd nearby airportsDepart14/08/2019Return21/08/2019Cabin Class & Travellers1 adult, EconomyDirect flights onlySearch flights Map RelatedWhat’s your travel personality? 10 types of trip planners who use SkyscannerHow do you use Skyscanner? Do you look at the cheapest flights from your nearest airport, check the best time to book using the charts or do you bounce to and from Skyscanner until finally deciding to book? See which one of these 10 personality types best describe your travel…Over 12m January bookers may miss out on cheapest flights, reveals SkyscannerSkyscanner’s analysis shows that the cheapest flight tickets are typically available five weeks in advance of travel.Busiest day of year for British travel bookers reports SkyscannerTomorrow (Tue 10 Jan) is ‘Skyber Tuesday’, the busiest day of the year for traffic to Skyscanner.net,last_img read more