Neil Lubell, Real Estate Agent serving Austin, Texas  (Berkshire Hathaway HomeServices Texas Realty)

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Rainmaker
4,974,786
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Each buyer has their own particular needs. As the population ages we see more interested in building a second home on their properties to care for parents. There will be a continued need for that and some parts of the country will see more of this being built. It's just like in Texas a pool is a real advantage to have installed in a colder climate not so much.

Jul 25, 2016 10:01 PM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

if there's another buildable lot to be parceled off from the existing one, it's a bonus.... if it's already parceled off and the owner wants to sell it in one sale, that too is a bonus if purchased by someone who needs to build on a contiguous lot....a small builder or a homeowner who has a family member that needs to be constantly cared for....

Jul 25, 2016 10:55 PM
Rainmaker
908,708
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

It depends. If buyers plan to stay put, have kids, and prefer that their elderly relatives live with them until they die instead of paying for assisted living, then it is very important.

Jul 25, 2016 10:09 PM
Rainmaker
152,561
Chrissi Chapman Topoleski
Coldwell Banker Realty - Woodbridge, VA
Helping agents live an exceptional life!

If that is what the buyer is looking for, it sounds like it would rank very high.

Jul 25, 2016 09:22 PM
Rainmaker
1,184,270
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

It is quite like having a pool installed if the buyer wants that options it makes sense.  If not it is worthless.

Jul 25, 2016 08:50 PM
Ambassador
6,355,229
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Good question Neil, I believe that Debb Janes EcoBroker and Bernie Stea JD has done some work with the concept of putting a second home next to the primary home.  I believe they are called "mother in law homes".

Jul 25, 2016 07:13 PM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

It depends on what a buyer wants. Here on Kauai many buyers search for properties where a second unit is possible. They come at a premium but the possible additional income makes them worth it.

Jul 25, 2016 06:47 PM
Rainmaker
4,554,033
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

This is not a top priority for most of my clients today -- finding a home is still the challenge.  

Jul 26, 2016 01:46 AM
Ambassador
3,339,404
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Like anything else ... it depends on the buyers needs. It does not rank high in my area with the buyers I work with.

Jul 26, 2016 01:18 AM
Rainmaker
4,272,524
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Most of my clients want bigger lots for privacy.

Jul 26, 2016 12:17 AM
Rainmaker
987,152
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

It's buyers choice, however selling one like that is another story!

Jul 25, 2016 11:50 PM
Rainmaker
1,617,866
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

I believe it depends on the area if land is available in the first place.

Jul 25, 2016 11:25 PM
Rainmaker
2,350,869
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

not very high

Jul 25, 2016 11:10 PM
Rainmaker
2,775,741
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

It is not a primary mover necessarily when purchasing but during the ownership and when it comes time to sell it becomes very important.

Jul 25, 2016 11:03 PM
Rainmaker
7,792,529
Roy Kelley
Retired - Gaithersburg, MD

Zoning would prohibit this in most of our market.

Jul 25, 2016 10:44 PM
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

 Certainly not in any of the subdivisions or communities within Erie County, PA.  In thirty years I have never had buyers looking for this type of property.

Jul 25, 2016 10:41 PM
Rainmaker
1,840,036
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Zero. I am assuming you might mean the trend of Granny Pods? Small home/guest house out back for Mom & Dad.

Seems like a ridiculous question to peruse.

Actually Corine is right, no village is currently going to allow it.

Jul 25, 2016 10:36 PM
Rainmaker
1,390,113
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

It's rarely a need and occassionally a plus - particularly for people buying for 3 generations.

Jul 25, 2016 10:21 PM
Rainmaker
4,852,560
Richard Weeks
Dallas, TX
REALTOR®, Broker

In our market not much value.

Jul 25, 2016 10:04 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

It depends on why the buyer wants to do it.

Jul 25, 2016 09:19 PM
Ambassador
2,679,349
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Depends on the Buyer.   For example, adult children with senior citizen parents may want two houses on the same acreage.

Jul 25, 2016 09:13 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

It depends upon the particular buyer.

Jul 25, 2016 09:09 PM
Rainer
5,935
Neil Lubell
Berkshire Hathaway HomeServices Texas Realty - Austin, TX
Real Estate Agent serving Austin, Texas

Thank you all for the input thus far;it's all been very interesting and informative.
The question is partially based on a listing I have in Austin, Texas at 1906 Ullrich Ave., 78756. The house is a beach bungalow and it's on a great 1/4 acre lot, I currently priced at $406,000, several offers have been submitted but none have stuck (nothing property or house related) they failed to go to close do two job losses and one case of indecision. If your looking into Austin, and you have someone looking; it's a 2/1 with solar panels and 1361(ft)2 on superbly located and huge for Austin .257 acre lot. Keep the comments coming, active rain is a very cool site!
Neil Lubell

Jul 26, 2016 04:36 PM
Ambassador
3,727,581
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

It depends. We are seeing more multi-generational families who really value a second living space someplace on the property.

Jul 26, 2016 12:52 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Many buyers like to think they can add on to the house later and though it is a mental game it helps them move forward and buy.

Jul 26, 2016 12:07 PM
Rainmaker
1,722,826
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

I think that availability would be a very strong selling point.

Jul 26, 2016 06:38 AM
Ambassador
2,166,562
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

What Barbara Todaro said.

Jul 26, 2016 05:55 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think it's fairly low for most buyers.

Jul 26, 2016 04:44 AM
Rainmaker
4,901,047
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I agree Dorie Dillard knows what she is talking about

 

Jul 26, 2016 03:49 AM
Rainmaker
1,498,418
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Usually it doesn't.

Jul 26, 2016 03:13 AM
Rainmaker
1,237,495
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

detached or attached in law quarter? We have people add an finished basement (1500+1500 sf) with separate entrance. The buyers balk at the claim it is a 3000 sf home.

Jul 26, 2016 02:23 AM
Rainmaker
5,096,366
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Haven't seen this issue come up in 25 years. I've had families build next door to each other, however.

Jul 26, 2016 01:53 AM
Rainmaker
290,919
Allie Angeloni
Long Realty - Oro Valley, AZ

It could be a huge factor, or it could not even be in the equation Neil Lubell.  Here, when different generations can live together, it could be for extended family or grandparents, or with families, it could be a casista for inlaws or young adults.   

Jul 26, 2016 01:13 AM
Rainmaker
1,530,665
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Average buyer, it comes up in about 40-60% of my conversations. More as a pacifier on how small a starter home their budget buys.

Investors, often that's the only land (lot use) we search for.

Jul 25, 2016 11:49 PM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Near the bottom from my area. Most buyers are searching a mix of location, price, condition, style, size, garage, basement and lot size. WIth so many choices, buyers look for homes already enlarged. 

Jul 25, 2016 10:14 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Dorie Dillard nailed this one!

Jul 25, 2016 10:07 PM
Rainmaker
2,817,665
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Yes, Peter Mohylsky said it perfectly.

Overall, I'd say a low percent care abt this, esp at time of purchase.  Usually people buy what they want/need and can afford.  Most don't have extra money to build an addition or 2nd home at time of purchase or shortly thereafter (although I have a had a few customers that have done this...they tend to be the higher end buyers since they have capital and they are buying in high end towns where real estate is at a premium.

 

More often, the need to expand happens later...if/when they have more kids or aging family members.  If they know up front they have this need, they'll try to find a place that accomodates their current needs, esp as this can be wrapped up in mortgage.

Jul 25, 2016 09:51 PM