When buying a home people often look at specific features that make the house special. These are usually not just “nice to haves” but often play a strong role in whether someone chooses to buy a property.
Common property features buyers look at are; Location and Neighbourhood. People are looking beyond just inside the home considering things like their commute, nearby amenities, safe communities and the resale value that comes with a thriving community
Outdoor Space is often highly important to a buyer. It provides an additional living space for the summer months and offers space for pets and children to play. A lot of buyers like quieter neighbourhoods or privacy buffers.
Kitchen and Bathroom remodels and upgrades are often quite costly. This makes them a perfect candidate for this list. An updated kitchen or bathroom can offer a lot of extra value to a home and is often a high priority for many buyers.
A Finished Basement is a feature that is becoming more rare especially in new construction. The value this offers a buyer is huge. Think additional living space, possible bedroom, office or bonus room and maybe even a bathroom. A separate entrance for potential income rental, multigenerational living or home office is a growing want for many buyers.
Garage, need I say more!
Bungalows / One-Storey homes are still a very popular layout especially for older buyers wanting less stairs and maintenance. These homes often tend to offer a ton of flexibility and longevity for buyers for their convenience.
Last but not least the demand for Energy Efficient properties is growing vastly; efficient appliances, higher quality insulation and smart technology.
What this means for buyers and sellers… If you are buying, think of which features matter the most to you because a trade-off may be needed especially if you are working with a budget. If you are unable to get a specific feature you were wanting, find out the cost to have done later. If you are selling, highlight these features in marketing “large backyard on quiet street” or “energy efficient upgrades”.
Taking your time house hunting, it is one of the most valuable things you can do to end up with a home that fits your life and budget.
For real estate advice or article suggestions please reach out, I would love to help. 226-232-4236 or il**************@***il.com