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When homeowners sell their home, they may picture the new family picking up where they left off, enjoying their former home just as it is—no changes needed. But the truth is that more than half of new homeowners spend thousands of dollars on home improvements and upgrades within the first three months.
If you’re planning to sell your home this year, use this information to your advantage and anticipate which features you can add to make your home more attractive to buyers. Start by focusing on the three rooms new homebuyers are most likely to change: the kitchen, the bathroom and the master bedroom.
The kitchen is the heart of the home, but it’s a workhorse too. That’s why the most common improvement for the kitchen is to add or upgrade the appliances. Stainless steel has been popular for several years, so even if your appliances are new, your kitchen could appear dated if they aren’t stainless steel.
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This may feel like a large up-front expense, but 69% of homeowners who bought a home without new appliances said they would have paid more for the home if it had new ones.
In the bathroom, simpler is better. Buyers are looking for a spa-like feel with neutral colors. Gray is a trendy option. Lighten things up with all-white cabinets and dazzle buyers with brushed nickel faucets.
You can take things a step further and yank out the bathtub to create a high-end, grown-up shower space with glass walls and rain showerheads.
The top two interior design features buyers look for are in the master bedroom: a walk-in closet and an ensuite master bathroom. If your home has these features, great! Make the most them by decluttering the closet so buyers can see how much space it offers. And make your master bath a soothing spa-like experience with our tips above.
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If your home doesn’t have a walk-in or master bath, adding them can be a costly venture that goes well beyond normal sprucing-up. Check with a real estate agent who knows your market to find out if adding these spaces will be worth the expense when it’s time to sell.
Popular Changes for the Whole House
These improvement projects will work in any room—and they’ll make an impression on buyers since they won’t have to take them on themselves:
Lighting–Four in ten homebuyers updated their new home’s lighting fixtures shortly after they moved in. Outdated fixtures can be distracting, so why not upgrade yours before you put your home on the market?
Floor coverings–Wood floors are a big hit with buyers, who usually don’t mind seeing it all over the house. Ceramic tile is also welcome in the kitchen and bathrooms.
Storage–The majority of recent buyers would like their new homes to have more storage. Look for creative ways to add storage with a window seat that opens, a new linen closet or cabinets in the laundry room.
Homework Before Home Work
Before you run out to buy your new appliances, fancy lighting or snazzy faucets, talk with an experienced real estate agent who knows your market. They’ll know if these improvements are worth the time and expense, and they’ll know how to play them up to get the most bang for your buck.
Already have an agent you trust? Great! But if you’re looking for a high-octane agent who knows what it takes to get your home sold at a great price, check to see who Dave recommends in your area.