Thursday, July 29, 2010

WHAT HOME BUYERS ARE LOOKING FOR

When you're house-hunting it's important to be able to identify the things that increase the value of a home and those that actually detract. In this article I will tell you of the ten features that can increase the value or your home. These tips can increase your chances of getting your home sold quicker.


1. An updated kitchen.
Home buyers will look for solid surface counters and high-quality flooring, such as wood, laminate, tile or stone. And they want newer appliances in working order.
Even if it's not huge, it should have counter tops that are serviceable and that aren't going to have to be replaced soon and cabinetry in good condition, It has to be well-appointed and large enough to fit the average persons needs.
Also, it doesn't hurt if it opens onto another room. A lot of families are looking for that openness. 

2. Modern bathrooms. Buyers are looking for master baths that give a little room to roam.
A big asset: spa or whirlpool tubs.
Some other features buyers are seeking: separate showers with steam and/or multiple jets, double sink, and a separate room for the toilet.
Be sure the plumbing and hot water heater can handle the job. The pipes have to be large enough to carry an adequate volume of water and the hot water heater has to be big enough to accommodate it.

3. A well-appointed master suite. People are really excited about master suites. The wish list: a luxurious bathroom, lounging areas and walk-in closets.

4. Natural materials. People like natural materials. Such as Ceramic tile, hardwood floors, and granite. People have gone back to a real appreciation for historically true materials. And simulated works as well. The look is very popular.
In floor coverings -- especially bathrooms or kitchens -- people look for ceramic tile or wood rather than linoleum, which can tear.
In the rest of the house, wood or laminate products are a plus. But if you have carpet, it should be a good product and well maintained.

5. Curb appeal. A good first appearance on a home can add as much as 5 percent to 10 percent to the value of the home. Homes in a neighborhood tend to vary about 10 percent from house to house, assuming all other things are the same.

6. A light, airy spacious feel. People buy space and light. Not many people want to live in a dark, and dreary home.

7. Good windows. People are looking at exposures and windows. Energy efficiency is very important to every buyer.
Insulated windows are always a plus, Typically, they pay for themselves in five years. The cost: for an average 2,600-square-foot home, estimate about $10,000 for new windows.
Well-placed skylights are also a good touch to add value.

8. Landscaping. Mature trees are worth a lot, and having outdoor spaces with touches such as pergolas and Victorian garden swings can be very helpful.
Conversely, you don't have to spend a fortune on plants, either. Just keep it typical with the neighborhood.

9. Lots of storage. Nothing beats an oversized garage, some attic space and plenty of closets. If you have a two-car garage, do you have extra space for those things we all have -- bicycles, lawn mower, snow blower? Space is important.
A nice plus in the master suite? Two master closets for him and her.

10. Basement. If it's dry, it's a plus. It's a negative if it has water problems.
A finished basement adds even more value.




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