If you’re thinking of selling your home this year, you’re not alone. With property values expected to increase after a stellar 2021, you may be thinking it’s time to capitalize on the market before it changes…and you may be right! But what are buyers looking for? Here are some of the “must-haves” we are seeing in home buyers looking right now.
Space for a Home Office
The pandemic saw a huge shift in the way many companies have gone forward in managing their workforce. While some have gone back to the office, many more have embraced working from home. This has created a huge need for office space at home. Buyers today are looking for a designated space for that use. Whether it be an actual office in a home or a spare bedroom that can serve as one. A space that offers plenty of natural light, electrical outlets, and storage options.
Functional & Energy Efficient Kitchen
It’s no secret that kitchens have always been a major selling point for a home, but it’s even more so now. Buyers are looking for functionality in the form of walk-in pantries (81%), workstation sinks (81%), and central islands (77%). Did you know that buyers are also willing to pay up to $5000 more for a kitchen that is created with energy-star appliances? Anything to save on energy costs overall.
Laundry Room
Nearly half of all homebuyers have stated that a laundry room is essential for their home in 2022, with 87% saying it is a “must-have”. If you’re investing in a new washer/dryer, remember that the energy star appliances will grab your buyer’s attention as well. Adding in cabinets, storage, and a sink- if your budget permits- will only amp up the laundry room’s appeal to your potential buyer.
Outdoor Living Space
It is a natural extension of your indoor space and allows for great entertaining as well. Decks, patios, gardens that accommodate outdoor seating, fireplaces, outdoor kitchens and BBQ, pools, and more. Creating your own entertaining area is the goal.
Guest Suite
Guest suites can serve a multitude of purposes. The obvious for hosting your guests, but also for aging loved ones, an au pair or nanny suite or extended family. Today’s guest suite includes a large bedroom and sitting area and a full bath. Also, a closet with extra storage options for long-term guest stays.
Mud Room/ Drop Zone
A great mudroom/drop zone incorporates a place for everything! Racks for coats, backpacks, purses, and more. Shelves for shoes and to unload. Pet area. A place for muddy and winter boots. And complete organization when a family or friend enters your home.
Now, don’t panic if your home doesn’t have these items or rooms available! It surely doesn’t mean it won’t sell. It just gives you an idea of what buyers are looking for on their “wish list”. It does give you a guide if you are choosing to do any updates in your home on areas to concentrate on.
If you are looking to make a move this year, let’s chat. It’s always good to talk to your expert real estate professional before making any updates to your home if you’re going to make a move. Your professional local agent knows what the real estate market is doing in your area and how your home is situated among them. Their recommendations will be invaluable in selling your home and any updates or changes that should or should not be made before listing it to the market.
I’m here to help you evaluate your home and prepare you for the market. Call me any time to set up a time to view your home and start the process.
