Although it is certainly a seller’s market, home sellers should always strive to make their properties stand out from the rest. Not only can this result in a quicker sale, it may also lead to a higher sales price. Uncommon home features may not only attract buyers, but also encourage them to pay more for these features. Not surprisingly, many of these premium items are located in arguably the most important room in the home – the kitchen. We discuss a few of these items below.
Home features and their corresponding premiums
- Pot-filler faucet (over the stove): +3.20%
- Pendant lighting: +2.66%
- Under-cabinet lighting: +2.48%
- Double-sink vanity: +2.35%
- Barn door: +2.32%
- Butcher block: +2.26%
- Quartz counter tops: +2.26%
- Over-sized windows: +2.23%
Of course, home sellers should also remember that since the beginning of the pandemic, the home has become an even more integral part of life for most people. Whether it is professionals now working virtually from home, children attending school virtually, or simply the popularity of a home gym, the home must now be multi-functional. It is critical that these multi-functional features are highlighted in any home being sold. After all, the likelihood of buyers needing these features is quite high these days.
The slightest differentiating features in a home can have a tremendous impact on the time it takes to sell a home as well as the price. As always, it is critical that you consult with a local and knowledgeable real estate agent to learn about important features in your local market. Ideally, you and your real estate agent can create a plan to make any updates to the property prior to listing it for sale. As with anything, preparation the is key to success.
At Live South Florida Realty, Inc. we have assisted many clients with their real estate needs. Are you looking to buy or sell a property in South Florida? Now more than ever, it is critical to have a qualified real estate team and the proper search tools behind you. Live South Florida Realty, Inc., has been a leader in the South Florida market for many years. Let our team of professionals assist you with buying or selling your piece of paradise today! In addition, our recently launched “Florida Home Search” app is now available on the Apple App Store and Google Play Store. With real-time MLS feeds, this app lets you set your own alerts to notify you as soon as a property meeting your needs hits the market. Furthermore, it will also let you know of recent closed sales in your area so that you may be even more educated on the market. Be sure to download this app for your smartphone or tablet today!