These days when a homeowner puts their property up for sale, the most they dare to hope for is to get something close to their asking price. But would you believe some homeowners are actually getting more than their asking price?
Chances are, their properties have one of the following ultra-sellable features. In most instances, these features actually save money in the long run, so buyers are willing to make that investment from the get-go.
High-Performance Double-Paned Windows.
Aging windows can leak warmth from a home in winter. On the flip side, you may find yourself running your air conditioners full-blast all summer long but never achieving the cool comfort you crave, all because that cool air is seeping outdoors through tiny cracks in your windows.
Home buyers love to see energy-efficient window upgrades, because it equals savings year after year.
Show-Stopping, Upgraded Kitchens.
How important is the kitchen when selling a home? It’s so important, it’s been said that “you’re not selling your house – you’re selling your kitchen.” If you want to sell your home for the highest possible dollar, give buyers the kitchen of their dreams.
Popular kitchen features today include stainless steel appliances, dual microwave/convection ovens, commercial style range hoods, apron sinks, and “hidden” appliances such as dishwashers and refrigerators that look like part of the kitchen’s cabinetry.
Outdated kitchens are a dead giveaway to home buyers who see linoleum flooring, colonial-style cabinetry, and laminate or tile countertops. In fact, if you’re selling a home with an obviously dated kitchen, you should know it’s not uncommon for a buyer to ask for $10,000 off your asking price to compensate for updates.
If you don’t have the budget for a kitchen overhaul, it’s still worth the investment to make as many updates as possible. Buying just one stainless steel appliance can make older appliances look better. If you can’t re-do the cabinets, replace the doors and/or the hardware for a fresh look.
Although it can be an expensive improvement, solar panels are a huge selling point for many savvy home buyers who’d be more than happy to kiss some of their utility bills good-bye forever in favor of free, year-round energy from the sun.
Keep in mind that if you purchase your solar system and have it installed before December 31, 2016, you can get a 30% federal tax credit. For more information, visit EnergyStar.gov.
Geo-Thermal Heat Pumps.
Rather than using the air temperature outdoors as the exchange medium, GHPs use the constant temperature of the earth. As with any heat pump, geothermal heat pumps are able to heat, cool, and, if so equipped, supply the house with hot water.
GHPs can be an expensive improvement, but they’re also outrageously efficient, which is why home buyers love them. And as with solar panels, installing a geo-thermal heating system before December 31, 2016 can get you a 30% federal tax credit.
Large Luxury Bathrooms.
While builders are catching on to the evolving needs of today’s home buyer, most pre-existing American homes were designed with smallish bathrooms. Compact spaces with little more than a toilet, pedestal sink and tub/shower combo were viewed as sufficient.
However, too-small bathrooms are a common complaint among today’s homeowners. And with the popularity of home remodeling shows and HGTV, homeowners have been given a glimpse of what’s possible for the modern-day bathroom – and they want it.
Think oversized shower stalls with seating, rainfall shower heads and multiple water jets. Picture extra-wide vanities with his-and-hers sinks. Imagine a Jacuzzi bathtub, a walk-in linen closet. If you can upgrade your bathroom in size and luxury features, you’ll be putting it head and shoulders above similar properties in your market.
We’re curious: would you pay extra for a home feature that’s not listed here? What might that be? We look forward to reading your responses in the comments sections below.
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