Being in the buyers mind is always a benefit when your preparing to put your home on the market, but sometimes its hard to look at your home with a critical eye and think about things that buyers might want in general as opposed to what things YOU might want in your new home. Its also important to think about these things when you’re making changes and improvements to your home, even if you aren’t planning to sell in the next few months or even the next few years, thinking about what buyers might want down the road is always a good thing to consider. While you may really want to knock out that wall and expand your small closet into the bedroom next door to make a huge master bathroom and walk-in closet/dressing area, is that luxury really worth loosing that room? All things to consider! But, sometimes its hard to take a step back and really think about what might be beneficial in the long run, however, now you might not have to! The National Association of Realtors recently posted an article on Realtor.com about the 10 things that american buyers look for in their homes and this list might be a great place to stay if you’re wondering what will really help tick the boxes on the must-have lists when it comes time to sell!
A new report from the Demand Institute investigates what is known as the satisfaction gap in housing, where they compare current living situations to ideal living situations of consumers. They surveyed over 10,000 homeowners and renters to see what items they would most like in their ideal home and the results are in:
- Energy Efficiency
- A Renovated Home
- Updated Kitchens and Finishes
- Age-In-Place Features, which allow them to stay in the same home as they age
- Safe Communitites
- More Space
- Responsive Landlords
- A Good Investment
As a seller you may not be able to affect all of these items, for example you can not pick up your home and move it to the safest neighborhood to attract more buyers, but you can do some updating, even if its just small projects. Buyers are often deterred by “dollar signs” as they are looking through older homes and adding up lists of projects that need to get done, which is why its important to stay on top of keeping your home updated. Not to say that you need to gut the entire home every 5 years to stay on trend, but selecting quality, timeless materials, as you are making changes will go a long way in helping buyers see the home as the ideal space for them. These are some great options to consider if you have a budget for some home changes this year, even if its small, you could look into updating all the old brass fixtures, or replacing the linoleum in the kitchen or old carpet in some of the bedrooms. The more you can update now, the less these things will feel like a burden as you come closer to selling, and , like we said, its always great to have a leg up on the competition by knowing what buyer are looking for!