- When purchasing a home, in addition to the price of the home, home
buyers also consider the cost to commute to work, and with rising
energy costs, cost of energy, and possible savings from energy
efficient features of homes. Importance given to these costs
considerations vary by age of home buyers.
- Among recent home buyers surveyed in August 2008, commuting costs
were more important for younger home buyers. Of those 18 to 44 years
old, 44 percent reported commuting costs to be very important in their
home search process, compared to 40 percent of those aged 45 to 64, and
only 20 percent among those aged 65 or older.
- About half of home buyers (49 percent) between the ages of 45 and
64 considered a home's heating and cooling costs very important,
compared to 39 percent of those aged 18 to 44, and 41 percent of those
65 years old or older.
- A home's energy efficient appliances and efficient use of lighting
were very important for nearly one-third of home buyers in the 45 to 64
year old age group. A somewhat smaller percentage of older home buyers,
around one quarter, considered these attributes to be very important.
Among younger home buyers, the corresponding percentages were smaller
than one quarter.
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