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Factors that drive the purchase of a home

Factors that drive the purchase of a home

22 01 - 2020

The purchase of a home is one of the most important projects for most people. It is the materialization of your dreams, the opportunity to create a home and start a new life. Therefore, the decision to buy a property is more emotional than rational, being one of the main factors that drive to buy a house. Keep reading!

Emotions are the key factor in home buying

compra de una vivienda

According to experts, decisions based on rational elements are a minority when buying a house. Beyond giving relevance to the square meters, the location or the number of rooms, emotions are the decisive factor in the purchase of a home.

Here the most common factors that can influence consumer’s conditions:

Start a new family

Strengthening a relationship is, no doubt, a reason to find a home. The projection of the new life determines in the potential buyers what type of house to choose.

Falling in love with the house

A buyer, beyond detailing the common aspects of a house, will choose the one with which he feels a real 'crush'. Either by practical or material aspects, or by the sensations that you have felt in it ... It is clear that if the property makes you evoke positive memories and emotions (that you have not felt with other houses), you will be more prone to ignore the impediments and follow your intuition to rush to buy the house. And the first impression does matter and a lot!

Age

The 'moment of life' is undoubtedly also decisive when buying a house. In particular, there are two very common situations that can 'feed' the desire to buy a house: reach 35 years of age and not have a home of your own or, in the case of young people, complete studies and want to live alone. In both cases, the moment and the social environment will condition the purchase of a home.

decisión de compra

Other factors that drive the purchase of a home

  • Although, as we have already seen, consumer behavior is more emotional than rational, there are also other factors that are usually considered. For example:

    - Guarantees. If the buyer knows that in the event of any inherent problems with the property, he will be compensated, the purchase decision will be positive.

    - Market. Trust in the sector is also important for potential buyers, especially those with an investment profile, who in times of price increases can see a good opportunity to invest.

    - Personalized treatment. Buyers want personalized attention. They want to feel guided when buying a house and they want relevance to their needs and tastes.

    In the sale of houses, it is important to consider the factors that condition consumer behavior, in order to be able to make a difference against the competition. Therefore, having the advice of a team of professionals such as Proyectos Insulares is essential. Contact us!

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calle Francisco de Aguilar y Aguilar 12
38008
Santa Cruz de Tenerife (Santa Cruz de Tenerife)
  • PROYECTOS INSULARES
  • calle Francisco de Aguilar y Aguilar 12
  • 38008 Santa Cruz de Tenerife (Santa Cruz de Tenerife)
  • +34 922 226 612
  • +34 634 04 02 10

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