Texans weigh convenience versus cost when considering which homes to buy. Among new-home buyers, 44% were looking to avoid renovations or problems with plumbing or electricity. The next most-cited reason was the ability to choose and customize design features (36%).
Among buyers who purchased previously owned homes, 32% were looking for a better value, followed by a better price (30%) and more charm and character (24%).
To make their down payments, 54% of Texan homebuyers used savings, while 37% used proceeds from the sale of a primary residence.
Find other stats about buyer and seller preferences and demographics in the 2019 Profile of Texas Homebuyers and Sellers.