Coldwell Banker Real Estate Survey Finds Women and Men Make Home-Buying Decisions with Head and Heart
BURLINGTON, ON, (March 27, 2012) – Square-footage and price are important elements to consider when selecting a home but according to a new survey from Coldwell Banker Real Estate of 1,000 men and women, they both also rely on how they feel and how their lifestyle fits into a home when looking for a place to live. The survey found 28 percent of women and 25 percent of men put more emphasis on their feelings about a home than they do on the layout, square footage, or price. The majority of women (62 percent) and men (61 percent) also know within the first visit if the home is right for them.
“A home is much more than just bricks and mortar, it truly is where the heart is, and this survey shows just what an important role emotions can play when buying a home,” says Susanita de Diego, Coldwell Banker Canadian consumer specialist. “Whether a buyer is located in the U.S. or Canada, the emotional considerations of buying a home are borderless. The ‘feel’ of a home is a critical part of the process, no matter where you’re buying, or whether you’re a man or a woman. I’ve experienced similar responses from my own buying customers here in Canada.”
The survey also reveals insights into the roles men and women play at home and finds some interesting differences between age groups.
Women Take Charge of Making a House a Home:
• Over half of women (54 percent) say that they take the lead when it comes to decorating.
o However, younger men play a larger role in décor decisions than their older counterparts. Forty-eight (48) percent of younger respondents, age 18-44, say decorating is mutual; this decreases to 36 percent for respondents 55 and over.
• Women also cook it up in the kitchen. Sixty-eight (68) percent of women say they are the “primary chef” for their household.
o Not to be outdone, some men are also putting on the apron – occasionally. Nearly a quarter of men (23 percent) say cooking is their job.
Age Changes How Men and Women Feel “At Home”
• Sharing financial decisions may get easier over time. Fifty-four (54) percent of people age 18-44 say major financial decisions are mutual, compared to 60 percent of those 45-54. This increases to 70 percent for people 55 and over.
• Interestingly, as age increases, so does contentment with the current status of the home. Almost half (45 percent) of those older than 55 say they are very happy with their home just the way it is, compared to 25 percent of those age 18-44.
o More men seem to be focused on making significant changes to the home (9 percent) compared to women (5 percent).
• Feeling “at home” in the bedroom seems to decrease with age. Younger men and women, age 18-44, are more likely to say they “feel the most at home” in the bedroom (34 percent) than those age 45-54 (21 percent) and those older than 55 (11 percent).
For couples entering the home-buying process, here are some tips for harmonious house-hunting:
• Each person should come up with a list of a few things that are most important and then come together as a couple to decide on a list of the top three to five things that are important for the home.
• When looking for a home, communication is key. Consider designating a point person for different aspects of the home-buying process, so that information is not delayed or communicated to just one part of the couple.
• Don’t get too many people involved; typically more people means more stress and what is most important is that the couple is happy with the decisions being made.
• Don’t forget to have fun! Remember that this home will be the place to build memories and a life together.
“Following these simple, common-sense guidelines can help couples keep the home-buying process fun,” said de Diego.
For more information please visit ColdwellBanker.com.
Survey Methodology: Coldwell Banker Real Estate engaged SSRS to conduct an omnibus survey via telephone in February 2012, among more than 1,000 U.S. respondents.
This study was conducted in SSRS’s EXCEL Omnibus. EXCEL is a national, weekly telephone omnibus service designed to meet the standards of quality associated with custom research studies. The EXCEL survey consists of a standard set of introductory and demographic questions supplemented by a changing series of questions on various topics as contracted by participating companies.
Sample Design: Each EXCEL survey consists of 1,000 interviews, with 50% men and 50% women. EXCEL uses a fully-replicated, stratified, single-stage random-digit-dialing (RDD) sample of telephone households. Sample telephone numbers are computer-generated and loaded into on-line sample files accessed directly by the CRT system. Within each sample household, one adult respondent is randomly selected using a computerized procedure based on the “Most Recent Birthday Method”.
Respondents answering questions in an EXCEL insert specifically designed for this survey were 1014 men and women ages 18 and older.
Margin of Error: Because this is a sample, and not an actual population, an associated margin of error applies. At a 95% level of confidence, the margin of error for this sample of 1014 is +/- 3.08%. This essentially means that we can be 95% certain that, for any percentage result for the total sample, the “true” percentage is within 3.08 percentage points of that which is actually reported.
Significant Differences: Within this report, significant differences are reported at the 95% level of confidence.
About Coldwell Banker®
Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate. Coldwell Banker is a leader in Canadian real estate with a national network of 265 independently owned offices, operating in every province across Canada except Quebec, and also has offices in the Yukon and Northwest Territories. Globally, Coldwell Banker has a network of approximately 85,000 sales agents working in approximately 3,100 offices in 51 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to create an iPad application and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On LocationSM YouTube channel. The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program.
In Canada, Coldwell Banker pioneered Ultimate Service®, a unique customer service program that has earned a 98% overall customer satisfaction rating for 15 consecutive years from over 60,000 Canadian home buyers and sellers. For further information on Coldwell Banker Canada or to search for individual offices, sales representatives, or property listings, visit http://www.coldwellbanker.ca. Each office is independently owned and operated.