Financial Resource Center

Housing


7 Features Help Sell Your Home

by Susan Tiffany, CCUFC / March 19th, 2020


You might be reluctant to make upgrades when you’re ready to sell your house. After all, you won’t be in the house to enjoy them for long. And most projects recoup only two-thirds of their costs, according to the 2020 cost versus value report from Remodeling magazine.

But complacency can mean your house stays on the market for months—time that costs you money. That’s why these seven updates that rank high on buyers’ wish lists, from the National Association of Home Builders’ (NAHB) “What Home Buyers Really Want” report, are worth considering:

  1. Laundry room. More than half of buyers say they don’t want a house without this feature
  2. Energy-saving features. Not surprisingly, many home buyers are concerned about the environment as well as saving money. They look for Energy Star-rated appliance, ceiling fans, programmable thermostats, and energy efficient windows.
  3. Roomy garage. Many buyers want garage space that’s accessible, big enough for two cars, has cabinets and shelving to keep things organized.
  4. Open-concept kitchen and dining room. About 86% respondents said they prefer these areas to be completely or partially open.
  5. Walk-in pantry. Many are looking for pantries with built-in organization systems to keep food and preparation items out of sight. It’s a bonus if your pantry doubles as a broom closet.
  6. Smart-home features. Buyers are looking for a wireless home security system, video doorbells, and security cameras.

Home improvements can be a great way to increase value to your home, but keep this list in mind so you spend your money on the right renovations.

 

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