If
you are selling or just considering the sale of your home the following
information may be very helpful in determining an asking price that is very
fair to both you and the prospective buyer. The truth is that there are certain
features in a home that many buyers are very willing to pay extra for as
compared to a comparable home without them but what are they?
Here
are the top 10 features that today’s buyers want and if you have some of them
you will have a big advantage over other homes on the market that do not. This
does not mean that you should rush out and spend a lot of money in upgrades
before you list your home but at least you will have a better idea of how your
home stacks up with others in the same area.
Stainless Steel
Appliances Remain Popular
Although the higher cost of stainless in the kitchen can be a bit cost prohibitive 41% of home seekers agree that they are willing to pay more for a home that has this upgrade. How much more? The average from those surveyed was $1,850. While this may not be a great return for those of us whom have invested in high end kitchen appliances it is still an advantage and may make selling the home easier as well.
Although the higher cost of stainless in the kitchen can be a bit cost prohibitive 41% of home seekers agree that they are willing to pay more for a home that has this upgrade. How much more? The average from those surveyed was $1,850. While this may not be a great return for those of us whom have invested in high end kitchen appliances it is still an advantage and may make selling the home easier as well.
The Ultra
Convenient Kitchen Island is Still a Big Seller
No
big surprise here either. Home buyers still love the convenience of having a
kitchen island. There’s no such thing as too much counter space in a kitchen
and who couldn‘t use a bit more storage? Although 48% of those surveyed agreed
it is worth paying extra for, the average amount agreed upon was only $1,370.
Although this is not worth investing in simply to sell your home it is a great
feature to have when it’s time to sell.
Fireplaces are still
Highly Sought After
40%
of those looking for a new home agreed that they would pay up to an additional
$1,400 for one or more fireplaces in a home. Considering how commonplace this
home improvement has become, $1,400 is a very cozy number indeed.
Hardwood Floors
Continue to Outshine Carpet
You
probably already knew that carpet is long gone and so do 54% of persons on the
market for a new home today. The good news is that you probably already have at
least partial wood floors in your home and the better news is that it could
fetch you as much as an additional $2,080 for the sale of your home.
Authentic
Granite Countertops are Very Important to Buyers
The
kitchen still remains the best selling point of most homes and granite
countertops are still considered a great upgrade by 55% of persons surveyed.
Although more of a statement than a true necessity this particular item can
bring as much as an additional $1,620 in the sale of a home.
Walk in Closets are
Big with Buyers
Of
all the items that new home buyers were asked about, a walk in closet for the
master bedroom was one of the most desired features when looking for a new
home. A full 60% of respondents felt that this was a big selling point and were
willing to pay up to an additional $1,350 for a home with this feature.
The Traditional
Eat-In Kitchen is in Demand
Although
a separate dining room is also popular, 40% of people agreed that an eat-in
kitchen is a design feature that they would like in their next home. It seems
that today more than ever the kitchen is becoming a place to talk, relax and
socialize with family and friends. It’s interesting to note that many people
even have flat screens installed in the kitchen so it’s no surprise that this
room is no longer considered as strictly “utilitarian”. 49% agree that this
option is worth as much as an additional $2,030.
Central Air is
Almost a “Must Have”
You
already know that a home without central A/C is becoming a rarity but buyers
are still willing to pay extra for the convenience. Although you probably
already have this in your home it’s nice to know that homes without it may sell
for as much as $2,520 less than comparable homes with it. A huge 69% of those
seeking a new home agree that it’s worth the extra money. If you don’t have it don’t
bother installing it just to help sell your home. The actual cost of installing
central air is usually much more than the amount that the value of your home
will increase.
Buyers Love New
Appliances in the Kitchen
The
last thing that anyone wants after moving into their dream home is a bunch of
repair bills. 69% agree that new appliances is a major selling point of any
home and are willing to pay as much as an additional $1,840 for the convenience
and peace of mind.
The En Suite
Master Bath is More Popular than Ever Before
For
the past 10 years this luxury has grown in popularity and this year is no
different. Home seekers (especially the married ones) love the idea of an
upscale layout that includes this type of master bedroom/bathroom design. If
your home has this very convenient feature 49% of buyers are willing to pay as
much as an additional $2,030 for your home.
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