While coronavirus has fundamentally changed how sellers and buyers view the real estate market, the most coveted home features remain unchanged. Despite the pandemic’s many complications to the current housing market, buyers are still ready to spend more than ever before.
Today, first-time home buyers and millennials make up a super majority of home buyers, and they’re looking for home listings like Fairmont BC real estate, with some of the most popular and modern features. If you’re looking to sell your house faster and for top dollar, it’s crucial to know the specific features home buyers want in a property.
Here are three of the most sought-after features by homebuyers that can help you take advantage of the current real estate market boom:
1. Updated Kitchens and Baths
Another sought-after feature by homebuyers in 2022 is an updated bathroom and kitchen. First-time homebuyers and millennials consider up-to-date bathrooms and kitchens a compulsory feature when searching for homes. Most homebuyers uphold that updated kitchens and bathrooms are among the first features they consider when determining whether or not to buy a home.
If your budget allows it, you should consider upgrading your bathrooms and kitchen. Recent reports show bathroom and kitchen remodels offer the highest ROI. However, you don’t have to spend a fortune on these updates to attract first-time home buyers. The key is to research the market competition and just make enough improvements to stand out from the crowd. This will help make your kitchen and bathroom look better than nearby homes.
One of the trending kitchen upgrades you should consider includes a double, side-by-side sink. That’s because a double sink is ideal for keeping the kitchen tidy and ensuring efficient cleaning. Ensure the double kitchen sink you choose is deep enough to fit large pans and pots.
2. Open Floor Plans
Essentially, the idea of buying a home is to improve from the previous housing arrangements. Other than modernized kitchens and bathrooms, most home buyers have clearly expressed their desire for open floor plans. Unsurprisingly, most first-time home buyers are expected to explicitly prioritize less-confined homes. You should look into your current floor plans and ascertain whether or not it would be worth removing a wall or two before putting your house on the market.
If possible, consider eliminating any walls separating the kitchen from the living room. People across all generations, not only millennials, now favor the concept of an open kitchen since it allows for a more casual vibe to the property.
3. Energy Efficiency
Most home buyers are also interested in anything that will help them save money in the long term. Nearly every potential home buyer will likely be looking to minimize their monthly expenses on utility bills considering the ever-rising cost of electricity.
In the past few years, the drive towards more sustainable living has gained momentum globally. An overwhelming majority of property buyers expect to find solar systems and other eco-friendly features installed in homes. You should consider incorporating green features in your home because buyers are more likely to be swayed by anything that will reduce their energy consumption and carbon footprint.
Many trends have emerged from the buyers’ wish list since the property market reopened after the lockdown. As a home seller, you should be shrewd enough to keep up with the current market demands. That means adding some of the most sought-after features to your home, so you can attract as many potential buyers as possible and make the most out of your home sale.