What homeowner doesn’t want to maximize overall home value when the time comes to sell? In order to sell your house faster and for more money, it’s important to have a firm understanding of the specific housing features that matter the most to prospective buyers.
Well-Established Property Value Boosters
If you’ve ever considered home renovations, you’ve probably heard that the biggest boons to overall resale value are updated bathrooms and kitchens. In order to set your house apart, however, you may want to go the extra distance in these rooms to make them truly special. A bathroom with a Jacuzzi tub or a walk-in closet, for example, may just make the final difference in the mind of a buyer who would otherwise remain on the fence bout a prospective purchase.
Other Buyer-Attracting Home Features
To borrow a word from HGTV.com, people are often looking for homes with an extra bit of “pizzazz” when it comes to making that final purchase agreement. This can mean the presence of existing architectural flourishes and unusual floor plans or more practical amenities such as ample garage storage space and a separate laundry room.
Here are just a few features that will make your home shine during your future open house:
The Backyard Patio
According to the independent financial authority Kiplinger, 87 percent of buyers are looking for a concrete patio surrounded by an attractive backyard.
Although this feature will be of value only to families with young children, the presence of a good playroom is often the deciding factor for prospective homebuyers.
Whether you’re talking about solar panels, a highly efficient HVAC system, or double-paned Energy Star-qualified windows, homebuyers are increasingly looking for green building features to control their utility bills and help save the environment.
Home improvements don’t have to be extensive or expensive to be effective. Kiplinger reports that 85 percent of prospective homebuyers are looking for one or more ceiling fans in their new home. Even with a full lighting kit and a remote control unit, a newly installed ceiling fan should set you back less than $500 in total.
Let Your Specific Goals and Restrictions Guide Your Way
Before considering renovations to boost the value of your home, ask yourself exactly what you hope to gain from those renovations and exactly how much those renovations will cost. Depending on your budget and your level of ambition, you may opt for popular, value-boosting features that range from the installation/restoration of hardwood floors to the addition/improvement of exterior lighting fixtures.