So what, exactly, are buyers looking for this spring? In short, they're looking to find homes that offer an economic advantage. When you think about it, it just makes sense. Thanks to an uncertain economy, people are less likely to splurge on a McMansion. When home buyers purchase in the current surroundings, saving money is their primary focus. Today’s consumer has to pinch every penny just to survive.
Even if you're not planning to sell a home in the near term, it's still helpful to know what existing buyers want. Why? If you're going to make improvements in your existing residence, knowing what potential buyers desire can help you invest your money wisely.
So what is it home buyers want?
1. Homes in Good Condition
Buyers aren't interested in fixer-uppers right now. They don't have a lot of cash, and they don't want to spend money on home repairs immediately after they move in. They're looking for homes that are in great condition and that are absolutely move-in ready. They don't want to repaint, clean carpets, or cover up cracks in the ceiling. And they especially don't want to spend money on major repairs. To increase your chances of a sale this spring and summer, make sure you do everything possible to get your home in tip-top shape. Utilize a house spring cleaning checklist and make your home spotless before showing it.
2. Homes with Green Features
Saving money and living green are trends that aren't likely to disappear anytime soon. Buyers are now looking for features which are going to reduce on a home's operating costs, as well as lessen its impact on the environment. Tankless water heaters, high-efficiency furnaces, energy-efficient appliances, energy-efficient windows, adequate insulation, and solar panels are just a few that are making it on to buyers' wish lists.
Any "green" upgrade that's going to save money on utility bills will be highly appealing to people looking for a new home. You probably don't want to splurge on solar panels, a geothermal furnace, or other expensive green energy technologies, but there are some small changes you can make that will help potential buyers save money. For instance, you can add insulation, upgrade old appliances to Energy Star rated models, and plant trees to help with shading during the summer months.
3. Outdoor Living Spaces
In an uncertain economy, people travel less. This means their homes are truly becoming their castles; no matter how small they are! Outdoor living spaces have always been popular, but they're especially appealing now since so many people are taking “staycations”; choosing to relax at home instead of going out at night and on weekends. If your backyard leaves a lot to be desired, do whatever you can to turn it into an oasis. Build a deck, plant flowers, add a fountain, and turn it into an escape for potential buyers.
Final Thoughts
If your home is currently on the market, it's important to do everything you can to remove concerns buyers might have about your home’s condition. It is understood that sellers don't want to continue spending money on their homes, but small changes such as planting flowers, repainting, and cleaning can go a long way towards producing a purchase offer. Remember, you don't want to give people any reason to not buy your home!
From Househunt.com
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