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Selling high: What are young homebuyers looking for in your home?
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3 weeks agoon
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AdminThe younger category of home purchasers represents the largest one on the market, and this tendency is bound to keep rising. This means that looking to list your property on sale should come with some extra considerations regarding how you’ll make your property stand out in today’s competitive market.
The real estate market’s prices have skyrocketed lately, putting off some aspiring homeowners. If one breaks the bank to buy a pricey property, it must be upgraded and offer premium perks.
This being said, let’s discover the four biggest priorities of young homebuyers today so you can make the most of your property’s sale.
Kitchen improvements
Youngsters are aware that they spend most of their time in the kitchen – to give an idea, they could be in the kitchen for more than 400 hours annually, or the equivalent of over an hour per day. Reasonably, this room directly impacts the quality of the new homebuyer’s life, meaning that they won’t compromise on the excellence of countertops, design, appliances, paint, and so on.
If you’re renovating this room, you’ll preferably look for appliances made from stainless steel. They aren’t just easy to maintain owing to their smudge-proof sides, which make them a breeze to clean, but also timeless in looks. Moreover, stainless steel resists extreme coldness and heat and is possibly more attractive than porous finishes like marble, which need cautious upkeep, frequent sealing, and unique stain removal solutions.
When it comes to hardware, paint, and other surfaces that require attentive care, it’s best to opt for stain-resistant ones that are easy to clean. Hardware made from stainless steel or brushed nickel is a godsend for their fine finishes.
Moreover, you may invest a bit more in washable paint, but your financial effort will reflect in the higher return on investment generated in the end. It’s not in vain that they say that the kitchen brings the higher ROIs, so don’t skimp on these mods. In today’s overcrowded real estate market, upgrading your cooking space sets your property apart. Young purchasers don’t mind paying a premium if they receive what they need and long for. Also, you don’t have to spend a fortune renovating this room. Cheap kitchens can be just as easy on the eye and sturdy as high-end ones.
Lock-it-and-leave
Probably an obvious feat, appliances, gear, and furniture easily kept and used attract the better category of young consumers. Things must run smoothly without the owner’s effort. The last thing today’s buyer wants is to spend useless time storing, packing, cleaning, and maintaining an acquisition. This means that by no means will misanthropes of “fixer-uppers” find your vintage eclectic sofa appealing if it’s worn out, nor will they be attracted by chipped sidings regardless of the beauty they once exuded. Hardly will you stumble across someone who is okay with dealing with an old house’s chronic maintenance.
Moreover, the low-maintenance design culture gave way to concepts like “easily cleanable surfaces” that are durable and stain- and water-proof. If you have easy-to-keep countertops made of materials like granite and quarts in the kitchen, your home’s appeal rises. Laminate floors are a breeze to steam and vacuum and more durable than hardwood, representing another competitive advantage. Stain-proof furniture upholstery fabrics or changeable sofa slipcovers are another aces up your sleeve.
Everything that slashes the amount of maintenance an item needs will be a big plus for you.
Bathroom Renovation
Bathroom mods are among the most effective initiatives a home proprietor can take, improving not just the room’s efficiency but also the house’s entire visual charm. It’s important to remember that today’s state of the real estate market significantly impacts the worthiness of your bathroom renovation. For instance, if demand overtakes supply, you can expect your property’s selling price point to spike. Contrastingly, assuming there’s more supply than request, take into consideration that the cost could slip a bit.
Estimate the cost of making your bathroom more attractive. Upscale toilet upgrades can include heated floors, first-rate materials, expert craftsmanship, and the list can go on. Skimping on craftsmanship or materials may detract from your property’s charm and possibly leave you with a hole in your wallet instead of a hearty ROI.
Nevertheless, if you plan on building a walk-in shower or a new master restroom, you can rest assured knowing you’ll hit a young homebuyer’s spot. As with the kitchen, generous time is spent here. Pay attention – a study among 2000 Brits lifted the lid on the time spent on bathroom tasks and habits, demonstrating these eat up 416 days of their lives. Add that one may wait precious minutes per week queueing at the door, and you’ll understand why an extra bathroom or a mindful design catapults your home’s selling price.
A porch, terrace, or even balcony
Almost every youngster’s mantra includes spending time outdoors and surrounded by nature, this culture rising against a backdrop of increased awareness of their impact on one’s well-being and health. Add that temperatures are breaking records this summer and the rain doesn’t seem to stop in some parts of the world, and you’ll understand how offering a small nook to breathe fresh air takes your home’s selling price to the sky.
If you own such a space, do all that’s in your power to improve its coziness, aesthetic appeal, and efficiency. Add some lovely and comfortable chairs and an extensible table for gatherings. Secure it against rain, wind, and other meteorological phenomena. If it can accommodate spaces suitable for kids and pets, that’s even better!
Your apartment balcony could take a few hours or days to renovate, so take the necessary time to take your property to the next level. Declutter, clean, paint, and add a plant or two for visual appeal. On the other hand, assuming you’ve listed an apartment without a balcony for sale, things become a little more challenging – but not impossible to nail. Remove a wall to create a balcony in its absence, should it be a safe move. The larger the exterior space, the happier the prospective young homebuyers!
Now, how do you feel about your property? Can it tick all these boxes off?
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