The real estate market is starting to rebound during the pandemic, resulting in many homeowners upgrading and updating their properties in order to list them for sale. The demand for new homes is slowly increasing in 2021, so home sellers are willing to spend large amounts of money renovating their houses to look more appealing to buyers.
Remodeling Magazine reported in 2020 that remodeling efforts increase the value of a residential property by 50% to 80%. If you want to sell your home this year, you need to make conscious efforts to attract potential buyers. Here are some things buyers are looking for in properties this year.
1. A Fully Equipped Laundry Room
Surveys have shown that 91% of prospective buyers are more likely to buy a house if it has a separate, well-designed, and fully-equipped laundry room. A laundry room provides extra storage space for homeowners and allows them to store their clean laundry until they can put it away.
The National Association of Home Builders put a laundry room on the top of their list of most-wanted features buyers want in a home. This room is also useful for ironing, folding clothes and storing extra linen and towels.
If you’re a home seller who’s looking to put their house on the market, consider installing a laundry room in your basement or a laundry closet near the master bedroom. A small-scale installation project can cost as little as $1000 but yield great profits during the home sale.
2. Hardwood Flooring
Many buyers in the real estate market are looking for homes that have hardwood floors. Hardwood flooring adds an elegant and sophisticated look to the property. Also, this type of flooring eliminates the need for carpets in every room, which are challenging to clean and can exacerbate allergies.
A home with hardwood flooring is extremely popular among recent home buyers, and 99% of real estate agents report that homes with this feature sell quickly and easily. Moreover, the Remodeling Impact Report in 2019 by the National Association of Realtors (NAR) stated that hardwood flooring secured the 4th position in home features that buyers like the most.
3. Energy-Efficient Equipment Inside the House
2021 is the year of increased awareness about eco-friendly and sustainable ways of living. Many millennials who’re in the market to buy houses look for green, energy-efficient homes with a reduced carbon footprint.
Hence, having energy-efficient windows, an energy-star certified dishwasher, wood siding, and plants and trees in the backyard will make your house more popular and coveted by buyers in the real estate world.
If you don’t have the time or money to renovate or update your residence, sell your home to us in its current condition. At Integrity Residential Solutions LLC, we buy homes for cash in Akron, Canton, etc. Contact us today and sell your house fast in Ohio.