TOP 9 Features Home Buyers WANT
Sandy Sold
REALTOR? with eXp Realty | Toronto, ON | Exceptional Homes. Unrivalled Expertise.
Before making the decision to buy, people shopping for homes consider many factors, including the location of the house, the school district, size of the lot and also interior features including preferred home layouts.
When it comes to certain interior features, many are willing to spend thousands of dollars above the price of the home to have specific features included. At least 60% of buyers said they would be willing to pay more for smart home technologies, new kitchen appliances (specifically stainless steel) and a walk-in closet in the master bedroom if they did not already have these features.
Let's take a look at today's most wanted home features
Many of today’s buyers are looking for a home that is move-in ready. Based on real estate experience, staging and home buyer research, here are my top 9 list of features home buyers want when looking for a new property.
1. Updated Kitchen
You’re not selling a home, you’re selling a kitchen. A dated kitchen is often a deal breaker for buyers, as all they see is an expensive renovation. Islands are a bonus if the space permits for one. That being said, a quick update to modernize can make a big difference. Neutral coloured paint, updated cabinetry, countertops and a new faucet can give your kitchen the facelift it needs.
2. New Appliances
New and high-end appliances are high on most home buyers’ lists. Stainless steel appliances are now seen as the norm and are expected as the most high-end by home buyers. But don’t go overboard – large professional stoves (even expensive ones), double dishwashers or restaurant sized refrigerators do not offer a good return on investment.
3. Neutral Décor
The third of the features home buyers want is neutral decor. Potential buyers must be able to picture the home as their own. Keeping the paint colours and finishes neutral and minimizing personal touches, such as family portraits and can help them see the home’s potential.
4. Good Storage Solutions
Custom closet systems and well-designed walk-ins are major selling points. Half empty closets also show buyers your home has plenty of storage. De-cluttering is key. Adding storage options in open concept or smaller home is especially important.
5. Clean Fresh Space
Buyers want to see a clean, bright home. Fresh paint, decluttered rooms and impeccably cleaned floors, bathrooms and kitchen show buyers your home is well maintained. Make sure your home also smells clean and fresh. Pet odors, smoke or musty smells can be a turn off.
6. Natural finishes
Granite, quartz or natural stone counters in the kitchen and bathrooms are a luxurious touch that will set your home apart from the competition. Natural flooring such as hardwood or bamboo is still a popular feature. These features add value to your home as today’s buyers want quality finishes. If you are thinking of what you should do to your condo or home and not sure where to start - call SANDY SOLD (www.sandysold.ca). I'm happy to recommend strategic renovations that will net you more money on your sale.
7. Smart Home Technologies
Many of today’s home buyers are very “tech savvy,” especially millennial home buyers. Home technologies can help increase the WOW factor of a home.
Some of the most popular home technology features that today’s home buyers are looking for include:
- Programmable thermostats, such as a NEST, which can be controlled via a smart phone, tablet, or other mobile device
- Whole home speaker systems, such as SONOS or BOSE
- Keyless locks that can be accessed via Bluetooth
- Timed irrigation systems
8. Updated Bathroom
Nothing scares buyers away faster than dated, dirty and ugly bathrooms. If a complete renovation is not in your budget, consider refreshing the cabinets with paint, changing the hardware, installing new countertops, toilet and modern faucets. Double sinks have also become very popular for the master ensuite washroom.
9. Updated Windows
Old windows can be a deterrent for buyers. They can also lower the value of your home. Make sure your windows are in good working order. New, energy efficient windows are a good selling point as the buyer doesn’t have to worry about renovating their new home.
By focusing on the key features home buyers want, you will generate more buyer interest, and increase the chance of selling your home quickly. Offering good value and quality can set your home apart from other homes.