Whether you’re buying, selling, building or remodeling – it’s good to know the home features that every buyer is looking for. Especially if you’re remodeling or building and plan to resale, some of these items may make or break your real estate transaction.
What Not To Do
Let’s first start with a quick list of no-no’s. Although the idea and everyday use of some of these items may work for you, they could severely hurt you if you plan to sell you home since they’re not practical for the average buyer:
- Removing closets
- Combining two rooms
- Adding a sunroom
- A garage converted to a living space
- Adding a pool or hot rub
- Any feature that is too personalized such as wall color/texture, too much wallpaper, or lavish lighting that may look dated overtime
What To Do
Below are some home features that will increase the resale value of your home and what most all buyers are looking for.
Since they are much easier to clean, durable, long lasting, and have a contemporary look, hardwood floors are one of the top features a buyer wants. Engineered wood flooring is a good option if you’re on a budget, although it may not last as long it’s still just as easy to clean and has the same look.
Kitchens are where we spend a lot of our time, whether we’re entertaining or cooking. So this feature is obviously going to make the list. A buyer will likely be looking for a modern kitchen with an open floor plan. Specific features that are of importance is a large pantry, an area to eat separate from the dining room (either an eat-in kitchen or island with a breakfast bar), new appliances that are stainless steel & energy efficient, ample counter space & storage, and quartz or granite countertops all with a modern design.
Who wouldn’t want to save money? Buyers look for and are more likely to be interested in a home when it’s outfitted with energy efficient appliances, windows, lighting and HVAC. These items help save money in utilities each month but don’t take away from the buyer’s comfort level.
Having a dedicated laundry room is increasing in importance with buyers. Especially one large enough to sort, iron, fold and stack the laundry until it finally gets put away. The placement of the laundry room in a home is also important. Having the laundry room near bedrooms, just off the kitchen, as a laundry room/mud room combination or even a laundry chute if it’s downstairs are all considered to be good locations
Many older homes do not have the luxury of a walk in closet, but the feature is quickly gaining popularity. Although closet space in general is very important, walk in closets off the master are considered essential for most buyers when purchasing a home. Depending on how large the closet is, it provides a space to showcase your wardrobe & accessories, keeps your clothes organized, and allows for enough room for a couple to store all of their clothes & accessories.
A large 2 car or 3 car garage allows for the buyer to park their vehicle indoors plus adds storage space. Unlike an attic or basement, the garage is much more accessible to store belongings. The space could also be used as a workshop or mudroom with space to build shelves and cabinets. The possibility with a large garage is endless.
Outdoor patios are a simple way to extend the living space of your home. It’s really easy for buyers to see themselves sitting outside playing with their children or entertaining when the backyard is really nice. This is typically an easy and cheaper way to increase the value of your home.
Thinking of selling and want to spruce up your home before hitting the market? Surprisingly you should think small when making renovations and updates for the best ROI.
If you are like most of our clients you may have a laundry list of things you believe you need to your home before you sell it. Some of the things may be costly and in the end will not improve the sale-ability of your home or even provide a good return on your investment investment. Here are some tips to consider:
If you are thinking of selling , lets meet up and we can work with you to develop a plan for success. The right improvements to increase the sale-ability of your home while being kind to your finances.
How to contact John and Tracey
John Tindall: 208-818-2456 firstname.lastname@example.org
Tracey Tindall: 208-818-2365 email@example.com
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Is this a good time to sell?
Here is your housing snapshot for January 2017 showing an increase of 10% in median home prices and time on market down 5% in Kootenai County. If you are a seller who is on the fence about putting your home on the market, this snapshot is a good indication that this might be a very good time for you to sell your home.
A market offering higher median home prices, shorter closing time frames and less inventory will give sellers who decide to list now have some real advantages especially this time of year.
Listing your home before the masses who wait for better weather in April and May can give you the edge for success. Low inventory combined with a large number of qualified buyers creates competition for your listing. Many buyers have already lost out on another home and these buyers are ready to pounce once your listing hits the MLS. Homes that are show ready and priced right are garnering multiple offers at full price and often offers over full price!
If you would like to be kept up to date on the market or know more about selling your home or the value of your home, contact us and we will be happy to provide you with a customized market analysis.
John and Tracey Your Professional Agents 208-818-2365 John firstname.lastname@example.org 208-818-2456 Tracey email@example.com Website www.johnandtracey.com
Summertime in North Idaho and our market remains Healthy!
Have any questions about buying or selling? Wondering if its the right time for you? Contact us and lets discuss it and let us provide you all the information you need to make an informed decision to move forward or to wait. We are here to help!
Your Professional Agents
208-818-2365 John firstname.lastname@example.org
208-818-2456 Tracey email@example.com
Ever wonder why our inventory is so low?
Here is an explaination from Matthew Gardner, Chief Economist for Windermere Real Estate.
Here in Kootenai County we have an inventory shortage, however, our market is fairing better than many other states across the US. Most all segments of our market are performing well and most homeowners who bought at the top of the market are now in an equity position.
If you are on the fence about selling, now is a great time! Abunance of buyers, low rates, inventory shortage; all increase your odds of selling!