Do you have a house for sale? If you’re planning to put your house for sale on the market, it goes without saying that you want a solid return on your investment. As a result, you may not be surprised to learn that many prospective buyers will pay more for certain features.
When renovations are needed, or if there are plumbing and/or electrical issues, approximately 32% of recent buyers usually expect to pay less. Recent home buyers that purchased previously-owned homes also reported that they expected to pay approximately 32% less than the asking price when any of these issues were present.
Three of the features that prospective home buyers will pay more for, however, are ensuite master bathrooms, new kitchen appliances, and central air conditioning. A recent survey showed that 49% are willing to pay more for an ensuite master bath, and 69% will pay more for new kitchen appliances. Almost seven-out-of-ten prospective buyers will pay more for central air conditioning.
You may also be interested to learn about the results of a survey conducted by the National Association of Realtors (NAR). The results from NAR’s 2013 Community Preference Survey of home buyers showed that a neighborhood’s quality was one of the most important factors for 78% of home buyers. Another point of interest is that 57% prefer a shorter commute over a larger yard.
What size is your house for sale? In 2014, the typical home purchased had the following characteristics:
- Built in 1991
- 1,900 square feet
- Three bedrooms
- Two bathrooms
One of the primary reasons that people purchase a house is because they want to own their own home. In 2015, for example, this was the main reason for 30% of first-time home buyers. Approximately 32% of prospective home buyers are in the market to purchase their very first home.
Are you working with a realtor to sell your home? When prospective buyers start searching, 14% begin the process by contacting a real estate agent. Others, approximately 42%, searched for homes on the Internet.
Searching the Internet for prospective properties has increased, and 92% of prospective buyers begin the process in this manner. Mobile and tablet searches increase over the weekend, and 60% of these searches are for homes for sale.
If you have a home for sale, you may want to consider beginning the process by contacting a real estate agent. When surveyed, 78% of home buyers reported that their real estate agents provided them with beneficial information.
When you work with a real estate agent, they can provide advice on what you can do to increase your home’s appeal. This can make a potential difference in your asking as well as your selling price. Furthermore, your real estate agent can ensure that professional quality photos of your home’s interiors and exteriors are posted on the web.