When buying or selling a home it is important to know what features will increase and decrease the value. As a buyer, you will be looking for a home that can handle your family’s lifestyle, so it is important to make sure that all of the features of your future home are in proper order, before you sign on the dotted line. As a seller, you need to “walk in their shoes” and think about your home from the perspective of a buyer. Do you have enough storage? Can your kitchen accommodate cooking for a larger family? Do you have energy efficient appliances or is the buyer going to have to replace all of the appliances when they move in? Many of these issues in your home can be changed with a simple fix, adding thousands of dollars to the value of your Phoenix property. One Avenue Inspection encourages you to improve your home little by little!
Here are ten features that are popular in the Arizona home buyer’s market today:
1. Open Concept Homes
Over the past few years, buyers have stopped wanting different rooms for different family functions. They are looking to utilize every inch of space, which is why One Avenue suggests creating multi-purpose spaces in your home. Turn your living room into a multi-purpose space by creating a media area, office area, and even a separate area for reading or games.
2. Outdoor Living Spaces
This increases the amount of living space perceived by the buyer and adds real value to any home. While money is tight for a lot of families and travel is not feasible, having an oasis in their backyard can be a huge selling point.
3. Neutral Decor
Although you will most likely be moving your furniture out when you sell your home, it is important to have a style in your home that is as attractive as possible to a wide range of potential home buyers. When visiting a home for sale, the current furniture serves as a snapshot into the future look of the home. Keeping the color scheme neutral will help lower the time your home is on the market.
4. Upgraded, Modern Kitchens
The kitchen area is the core of every home, whether you cook or not. You want to be sure your kitchen is up to date on modern appliances and style because the kitchen is the number one selling point in your Phoenix home (high return of investment). The better the kitchen, the more likely the home is sold quicker.
5. Green Houses
With energy costs rising and set to soar in the future, many home buyers are looking for homes that are already equipped with energy saving qualities, including recycling capabilities, energy saving appliances, solar panels, and even houses that are heated and cooled naturally by the sun rising and setting. The “greener” the house, the more appealing it is to the average buyer. Take a look at energy (and money!) saving tips.
With more and more technology, comes more “stuff”. Where to put it all? (And how to keep it all organized…) Buyers will be looking very closely at how much storage there is in the home. Storage options include closets, linen closets, shelving, and even pantries. Look around your home and ask yourself where you could add shelving and other built-in storage options to increase the appeal of your home.
7. Two-to-Three Car Garages
Gone are the days of single car families! Adding extra car space onto your home can be well worth the investment, and if you can include storage space in the garage as well, you will be sitting pretty when it comes time to put your home on the market.
8. Easy Commute
A lot of buyers find homes close to their place of work because it takes time to fight traffic in the morning. It is recommended to inform the home buyer how long it takes to get places in Phoenix from your house. It can add great value to your home if it is an easy commute.
9. Schools in the Area
When buyers with children are looking for a new home, they have the interests of their kids in mind. Home buyers want to live in a house that has a good school for their little ones. Do some research to find out about the schools in your area as this can be a deal-closing home selling point.
10. Working Condition
Simple enough: fix what is broken before you list your home for sale. A potential home buyer can and will test every light switch, appliance, and faucet so do not be surprised when even a minor problem with your home that you were hoping to hide is uncovered by a curious individual. Have One Avenue Inspection come out to your Phoenix home before you think about selling your home. We can help you create a game plan for minor to major improvements, without busting your budget.
Selling your home can be stressful. While there are more features that buyers look for when buying a home, this list is a great place to get started. If you follow our advice you can bet that your home’s value will increase, and it will be on the market for a shorter period of time.