Here are a few of the top priorities for first-time homebuyers:
Price/affordablility. Unlike repeat home buyers, they do not have equity to roll into the purchase of their new home. With a large inventory of homes on the market, home affordability is at one of its highest in years which is helping first-time buyers find a good home at a great price.
Turnkey. First-time homebuyers are showing a preference for homes that are in move-in condition. Many first-time homebuyers do not have the knowledge or funds to jump into a fixer upper. Proper maintainence and recent updates to the home are a huge attraction.
Room to grow. Not only are first-time home buyers looking to accomodate their present needs, but their needs in years to come. Space to accommodate growing families will likely be a high priority.
Location, location, location.