The housing market has been experiencing a slowdown for the past year, but the good news is that prices are still on the rise. Despite the slowdown, buyers are still in the market and may be more ready than ever to buy a home. Here are five things they’re looking for in a home.
Home buyers are increasingly looking for features such as smart doorbells, new HVAC systems, and a security alarm system. These features are easy to install and add extra points to your home’s value. A well-kept lawn is also a big bonus for buyers. A paved patio is also a must-have for many buyers. Additionally, a bijou space on the porch or deck will appeal to buyers. Also read https://www.housebuyernetwork.com/wyoming/
Homebuyers also want an abundance of storage space. A large walk-in closet, also known as a dressing room, is highly desired by home buyers. If a home doesn’t have one, it could easily turn off a buyer. Better energy efficiency is also high on the list of priorities, according to the Canadian Home Builders Association’s 2017 Homebuyer Preference National Study.
Many buyers want to update the kitchen and bathroom. Seventy-five percent of home buyers want new appliances and granite countertops, and they want a pantry and pull-out storage. Some buyers are even willing to pay more for a home with an eat-in kitchen. Some buyers will pay up to 40% more for a home with this type of feature.
Smart home technology is also becoming a popular feature. This can include features like smart thermostats and security systems. These features can add value to your home and help you to save money. Additionally, exterior lighting is crucial, since it enhances the curb appeal and prevents break-ins. Installing motion-sensor lights in the garage can also help protect your home from intruders.
Millennials are also looking for a house with a great community. These buyers are more likely to purchase a home in a community with amenities like golf courses and pet-friendly communities. Homes in these types of neighborhoods should be highlighted in their ads. For example, millennial home buyers are likely to be more likely to purchase a house that is located near a park or golf course. In addition, buyers with young families are more likely to consider a home with these amenities. Also read https://www.dignityproperties.com/we-buy-houses-chattanooga-tn/
A backyard is also an important feature, whether it’s for children, pets, or both. It can be a great place for barbecues or family activities. Adding landscaping to a backyard can also make a home more appealing. Additionally, a kitchen with an island is a desirable feature. This is a functional space for social gatherings, and many buyers look for an eat-in kitchen.
Many home buyers today are moving out of the city centre for a more rural environment. The benefits of a more rural setting include a higher quality of life and mental health. Additionally, urban living isn’t as appealing as it used to be. Homeworking is a growing trend, and many people are opting for homes that are close to green areas and larger in size.