Currently Reading

3 Home Features Buyers Will Go Over Budget For


3 Home Features Buyers Will Go Over Budget For

July 1, 2020
Home office with bookshelves spanning the wall
By Ursula Page

Homebuyers are willing to invest more money in homes that fit their every need, according to Forbes. Whether that be a home with trending amenities like an office or a sprawling outdoor space, Lombardo Homes discovered that buyers will go $25,000 over budget to ensure they find their perfect home. The survey also identified three top priorities for buyers: layout, storage, and outdoor living space. Features like smart home technology and stainless steel appliances ranked the lowest, with only 18% and 13% of buyers naming those as an important factor. Read more to see what are dealbreakers and where buyers are willing to compromise. 

In the coronavirus era, much has changed in the real estate market. For one thing, home buyers seem much more willing to invest in a home that will simultaneously be their living space, their work space, and their relaxation space for the foreseeable future.

In fact, a recent survey by Lombardo Homes found that home buyers are willing to go $25,000 over budget for the home that they felt was their perfect match. Here’s more about what they are looking for when they’re in the market for a home.

Read More


Related Stories


Home Prices Are Rising Too Fast

Home sales could have been more robust if there were more listings.

Market Data + Trends

D.C. Housing Market Continues to Boom

Washington, D.C. was gearing up for a booming spring selling season before the pandemic hit. Back in March, prices were already increasing and…

Market Data + Trends

Bad Time to Buy? Increasing Number of Buyers Think So

As home prices continue climbing, the number of confident buyers dwindles. According to a new survey from Fannie Mae, the number of buyers who…


More in Category


Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.