After all these years of paying down your mortgage, spending thousands on maintenance, and pouring buckets of blood, sweat, and cash into your home, you’re finally ready to move on and sell. But hold on: Those home features you thought were so cool back in 1995 might just be a tad outdated.
Sorry, we know you've had some fabulous times in that sunken living room. You once beamed with pride over your white-on-white, brushed metal-accented kitchen. If that backyard Jacuzzi could talk! And maybe you still harbor a secret affection for those popcorn ceilings in the bedrooms. But the truth is, those things are repelling otherwise eager shoppers. If your home has the right mix of what buyers today are clamoring for—trendy amenities like open floor plans, stylish backsplashes, and heated hardwood floors—it can help you sell your home faster and at a better price.
So the realtor.com® data team looked at a variety of common amenities, to come up with which ones are featured in the homes that close the quickest—and for the most moolah.
"Renovating a home with the right features can not only recoup the cost, it can help you sell your place much faster," says Jessica Lautz, managing director of Survey Research at the National Association of Realtors®. “That means a quick transition into your dream home.”
Tastes simply change over time. The same way we look back with regret on scrunchies, Crystal Pepsi, and the Spice Girls, there are parts of our own homes that now fill us with remorse. It's not surprising that dedicated home-theater rooms, which take up lots of space for an activity that can now be done on an iPad, just aren’t as popular anymore, says Kermit Baker, chief economist at the American Institute of Architects. On the other hand, an extra bedroom has mostly universal appeal, since it can be used for a guest room, a gym, or a home office.
For millennials, the largest group of first-time home buyers, extra rooms are not necessarily going to sell them on a house. “It's more features than space they are looking for," Baker says. Especially techie ones, like smart home connectivity.
To come up with our hot list, we looked at 40 of the most common home features. Then we sifted through realtor.com's listings to figure out which were in the homes that sold in the fewest number of days. The fewer days on the market, the more in demand the feature. (We narrowed our selection to features that can be found in most parts of the country).
We discovered that the top features are:
1. Smart home features (such as smart thermostats, refrigerators, and locking systems)
2. Finished basements
4. Walk-in closets
5. Granite countertops
6. Eat-in kitchens
7. Hardwood floors
8. Laundry rooms
9. Open kitchens
10. Front porches
11. Dining rooms
12. Energy Star appliances
13. Two-car garages
15. Security systems
Read about the hottest home features in electronics, amenities, exterior, interior design, and rooms — in the complete article at realtor.com