So what, exactly, are buyers looking for this spring? In short, they’re looking for homes that are going to save them money. And when you think about it, it just makes sense. Mortgage loans are harder to come by, and thanks to an uncertain economy, people are less likely to splurge on a McMansion they’re going to have to pay to heat and cool for the next five years (i.e. save money on utility bills).
Even if you’re planning on staying in your home the next few years, it’s still helpful to know what people are looking for because you’re likely going to make changes and home improvements over the years. Knowing what potential buyers are interested in can help you invest your money wisely, so you have a better chance of selling when you’re actually ready. So what are people looking for?
1. Homes in Good Condition
Buyers aren’t interested in fixer-uppers right now. They don’t have a lot of cash, and they don’t want to spend money on home repairs immediately after they move in. They’re looking for homes that are in great condition and that are absolutely move-in ready. They don’t want to have to repaint, clean carpets, or cover up cracks in the ceiling. And they especially don’t want to spend money on major repairs. To increase your chances of an offer this spring and summer, make sure you do everything you can to get your home in tip-top shape. Utilize a house spring cleaning checklist and make your home spotless before showing it off.
2. Homes with Green Features
Saving money and living green are trends that aren’t likely to disappear anytime soon. Buyers are now looking for features which are going to cut down on a home’s operating costs, as well as lessen its impact on the environment. Tankless water heaters, high-efficiency furnaces, energy-efficient appliances, energy-efficient windows, adequate insulation, and solar panels are just a few that are making it on to buyers’ wish lists.
Hey what happened to Location, Location, Location… conspicuously absent from the article. Don’t fool yourself, location is still king! That aside, we agree with the items here. We have seen what a little “sweat equity” can do to immediately increase the value of a home going on the market. Staging both inside and out can really make a difference in the price.
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