It’s one of the most common questions our agents are asked - what will help sell my home? What are buyers looking for in today’s market? Even if you’re not considering selling in the immediate future, it’s useful to know what can add value to your home. We polled our agents to see what the top 5 things buyers are looking for when purchasing a home.
#5 - 2+ Bathrooms
No matter if it’s for a primary or secondary residence, a second bathroom adds a lot of inherent value to a property. In terms of pricing, a second bathroom can add anywhere from $10,000 to $30,000 in price to your home’s listing price. Even in a small home, with 2-3 bedrooms, a second bathroom creates additional space and privacy for guests and those living in the home.
#4 - View
Everyone loves a great view! Seasonal, filtered, lake, or mountain - they’re all important to buyers. For many buyers - especially those looking to find more affordable homes - a view can make all the difference. Looking for ways to enhance your view? If your home is located in an HOA, there can sometimes be room for modifications in regards to your view. Adding a deck or special sitting area can also allow for enhanced exposure to your property’s view.
#3 - Updates/Remodels/New Construction
Remodeled homes, those with recent updates, or new construction homes have been receiving significant attention in our recent market. Many buyers are looking for simplicity in their purchase - undergoing a major renovation can be overwhelming, especially for those purchasing a primary home. Remodeling or updating a home can add value, fix any issues that might appear in an inspection or appraisal, and make your home more appealing through photographs used in marketing.
#2 - Location
It’s not secret - Location, Location, Location! Our area is unique in that every portion of the county offers its own benefits in regards to location. Your property’s location can be one of the biggest selling points. Whether you’re central to the lake and Oakland or just minutes from the interstate - location is a huge appeal for buyers in all sections of our market.
#1 - Price/Value
Above everything else - price remains key for our market’s buyers. Your agent will provide you with a comparative market analysis that shows exactly where your property fits price wise in today’s market. This is crucial when deciding on your listing price. Overpriced properties are often overlooked and can sit on the market for several weeks without attention. It's also important to remember that in most cases, an appraisal will need to support the purchase price. Many of our agents highly recommend having an appraisal done previous to listing to gauge the appropriate value of your property. From there, a pricing strategy can be established.
Ready to list your home? Our agents are two times more productive than agents at any other local brokerage - let them help you sell your property quickly and for the best price! Fill out this online form for a FREE CMA of your property from an experienced local agent.
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