The S.F. dream home every buyer wants may not be what you thought

August 25 2016
August 25 2016
 
 
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Yesterday we looked at the factors that agents say can slow or stop a home’s sale, even in S.F.’s still often overheated market. But we also asked those same agents what features they would put into their dream home to sell. Here’s what they had to say.

Some Things Never Go Out of Style

While trends in home design and decor come and go (apparently sleek and ultramodern is on the way out again), there are certain amenities buyers can never have too much of, including parking. “A garage is always hot,” said Butch Haze of the TeedHaze Group. “A garage with two-car parking for SUVs is also a big plus. Most garages barely fit one car, let alone SUVs. Maybe in the not-too-distant future with driverless cars, garages will be for storage but for now they are still in high demand.”

All the agents agreed that another always-hot factor in our gorgeous city is views. “Bridge and bay views are always in high demand because our city is so beautiful,” said Haze.

Open Floor Plans Still Reign Supreme

When most of San Francisco’s housing stock was being built, open floor plans were unheard of.  “A versatile and open floor plan is the major difference between how people want to live now versus how they used to live when many homes were built originally in S.F.,” said Haze.

So buyers put a premium on homes where the seller has already done the work of opening up the space. Ted Bartlett of Bartlett real-estate listed an “open kitchen/family/living area” as the top quality he would look for in a dream home to sell.

The Golden Ticket

In this fictitious dream home, there’s also a dream bedroom count: four. “Four bedrooms on one level is the golden ticket and really rare,” said Haze.

Buyers also want an additional space that is a little separated from the main bedroom floor for “extra activities” like longer-term family visitors or a home office, said Heather Stoltz of Berkshire-Hathaway Home Services. Other “extras” that bring in buyers according to the agents were wine cellars; level outdoor space, either in a backyard or on a roof deck; and charm and character.

The Magic Number

Add all these factors together, put the home in any relatively central neighborhood in S.F., give it a price range between $1 million and $1.5 million and you’ve got a recipe for a major bidding war, the agents said. “The 1 to 1.5 price range is still on fire,” said Haze. “Case in point, the top 20 overbids in the last three to four weeks are almost all in this range.”

Check out the home in the gallery above. To the untrained eye, it may not look like anything special. But the Parkside home fits almost all of the features that S.F. buyers want—minus the near-impossible-to-find fourth bedroom—into about 1,100-square-feet. It’s got an open floor plan, a lower-level suite for family or a home office, a garage and a large, flat yard. It came to market for $849,000 on June 16 and one week later it was in contract for $1,180,000—40% over the asking price.

Emily Landes is a writer and editor who is obsessed with all things real estate.

http://blog.sfgate.com/ontheblock/2016/08/16/the-s-f-dream-home-every-buyer-wants-may-not-be-what-you-thought/

By: Emily Landes SfGate


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