22 Dec Renovations Worth the Investment
When analyzing the full scope of what a homeowner has invested in their home – including money and time in mortgage payments, maintenance, and updates – when looking to sell a home, the owners may run into some snags if the home has features that are not the most appealing. Realtor.com® put together a list of common features in homes that tend to sell and close the most rapidly and for the highest price.
The features that tend to be appealing change as time passes. “Renovating a home with the right features can not only recoup the cost, it can help you sell your place much faster,” says Jessica Lautz, Managing Director of Survey Research at the National Association of REALTORS®. “That means a quick transition into your dream home,” Lautz adds. A home feature that has become outdated due to technological advances, for example, is the home-theater room, while the addition of an extra bedroom still has an overall positive appeal, since it can be used as a guest room, an office, or a home gym. Currently, the most attractive features for millennials are those that have to do with home connectivity.
After looking at the 40 most common home features, as well as home listings and the number of days on market, for comparison, realtor.com® came up with the following list of home features:
- Smart home features, such as thermostats, refrigerators and door-locking systems
- Walk-in closets
- Granite countertops
- Eat-in kitchens
- Hardwood floors
- Laundry rooms
- Open kitchens
- Front porches
- Dining rooms
- Energy Star appliances
- Two-car garages
- Security systems
- Finished basements
A few of the features that you may think would be near the top of the list, like wine rooms or infinity pools, ranked near the bottom of the list, since they tend to be part of multimillion dollar properties that are may take a bit longer to sell, since they are further from reach for the average buyer.
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