As you prepare for your spring and summer listing, you may be asking yourself the question – what are buyers looking for this year? How can I best utilize my renovation budget? While there are many various wants and needs that buyers have, we’ve narrowed down some of the top features potential buyers will be looking for in 2022 based on current market trends.
If you have any questions or suggestions on how to best market your home this year, we’re here to help! Contact us if you’re ready to get started on your home selling journey.
Outdoor Space
With people spending more time at home than ever, demand for an outdoor living space will be high this year. Whether your home is on a sizable piece of land or you’re working with a few hundred square feet, putting some of your renovation budget towards giving your outdoor space a facelift will go a long way with potential buyers.
When determining where to start, keep in mind that buyers will be thinking of this space as an extension of the home. A place to unwind, to host, and possibly even to work from home on a nice day. Depending on how much room you have in your budget, consider making improvements to larger items such as your porch, railings, and fence. For smaller items that still can make a big impact, create an inviting atmosphere with new light fixtures and a fire pit. Staging this area with budget-friendly outdoor furniture can also help buyers see your space as more than just a yard.
A Functional Kitchen
Buyers have always gravitated towards homes with a kitchen that appeals to them and their needs, and 2022 will be no different. Rather than opt for pricey remodels that you may not see a return on in the current market, focus on more affordable updates that will show your kitchen in it’s best light. Paint your cabinets and trim, replace outdated hardware, put in energy efficient appliances and lighting, and most importantly – clean! Ensuring your cabinets are organized and clutter-free will help potential buyers see your kitchen as a functional, stress-free space for them and their families.
If possible, an eat-in kitchen is also highly sought after, especially for those with larger families. It turns a kitchen into a multi-functional gathering space If you’re working with a smaller area, consider adding a small kitchen island with stools.
Hardwood Floors
According to the National Association of Home Builders’ (NAHB), 81% of homebuyers say they want hardwood floors in their main living areas. In addition to being easy to clean and maintain, hardfloor floors also offer more durability and longevity than carpet.
If you don’t have existing hardwood floors, LVP is also a highly sought-after, economical, option. Don’t have it in the budget to put flooring down throughout your entire home? Just focus on the main, high traffic living spaces such as the kitchen or living room.
A Laundry Room
Topping the list of features most home buyers desire is a seperate laundry room. If you already have a dedicated space, make sure to showcase it by ensuring it’s tidy, clean, and functional, with storage options that work for any busy family that may be looking to keep their laundry piles hidden from view. If you don’t have a space, an affordable and attainable option is creating a welcoming space in your basement. Adding storage cabinets, an area for folding and ironing, and warm and bright lighting can go a long way when making up for a main or second floor laundry room.
Efficiency and Convenience
Another top want of potential buyers is efficiency and convenient, smart home features. In addition to Energy Star-qualified windows and appliances that can save them money on utility bills, buyers are also eyeing Smart Home features that can do the same. Thermostats, security systems, and advanced internet connectivity are all great selling points for the modern buyer that may be worth installing prior to listing.
Thinking about putting your house on the market this spring or summer? We got a few more tips that can help you prepare your home for the upcoming sale.