Skip to main content

Homebuyers Prioritize a Big Backyard for Property Purchasing

Phil Hall
Oct 16, 2019
Photo credit: Getty Images/DoraDalton

When it comes to choosing the ideal residential property, most prospective homeowners will pass on a house if it lacks a large backyard, according to a new study released by Porch.
 
In a poll of 987 adults spanning multiple generations–87 Baby Boomers, 266 Gen Xers, 620 Millennials and 14 people from other age groups–nearly 70 percent said a large backyard was on their wish list during the homebuying process. Other must-haves from the respondents included a large front yard (64 percent), a swimming pool (roughly 63 percent) a back deck (51 percent), outdoor entertaining space (46 percent) and a large front yard (nearly 35 percent).
 
And what happens if there is no large backyard on the property? Nearly 77 percent of people who desired this aspect of the property admitted to passing on a home that didn't provide enough space, followed by 64 percent who did the same for a large front yard. As for those who envisioned their own pool, almost 63 percent of people who wanted one turned down a home because it didn't come with this feature.
When it comes to choosing the ideal residential property, most prospective homeowners will pass on a house if it lacks a large backyard

 
Fifth Third Bank Expands Down Payment Assistance Program

The program will provide up to $3,600 towards a down payment for families with low to moderate income.

Industry News
Jun 09, 2021
Filo Mortgage Launches Low-Rate Guarantee

National mortgage lender Filo Mortgage is offering to beat competitors' pricing by $1,000 with its Low-Rate Guarantee.

Industry News
Jun 08, 2021
FAU Index Shows Where Consumers Should Buy Or Rent

Consumers are better off renting in cities like Dallas, Texas

Industry News
Jun 07, 2021
Verus Title Inc. Expands Into Dallas-Fort Worth Texas

Verus plans to take advantage of the Dallas-Fort Worth market before expanding throughout the state.

Community
Jun 07, 2021
Freddie Mac Multifamily Extends Forbearance Deadline To September

Freddie Mac Multifamily extended the deadline for requesting a new COVID-19 forbearance agreement for its Multifamily loans to September 30, 2021.

Industry News
Jun 04, 2021
Fannie Mae Launches 'Your Own Story' To Educate Future Homebuyers

Fannie Mae is seeking to help demystify the homebuying process for future homeowners with “Your Own Story.” A new campaign to educate future homebuyers on the entire process.

Industry News
Jun 04, 2021