Slide Show | August 2016
7 Features That Will Sell Your Home Faster
Homeowners are sometimes hesitant to upgrade when it's time to sell. After all, you won't be living there much longer, and home remodeling efforts only increase home values by 64% of the average project’s costs, according to Remodeling magazine’s 2016 Cost vs. Value report.
But think again, sellers. The cost of inaction can be far greater than the small loss you’ll incur on any home-improvement projects. "It can mean the difference between getting multiple bids at once and driving up the selling price, or getting no offers," says Brian Lewis, a real estate broker with Halstead Property, a New York City-based realty firm. As your house lingers on the market, you'll likely pay ongoing mortgage, maintenance and staging costs.
To make the most of your remodeling budget, focus on features that most home buyers really want to see. Updated for 2016, our slide show reveals home features sought by at least 80% of buyers these days. Take a look.
This slide show was created using the National Association of Home Builders' (NAHB) 2016 Housing Preferences Across Generations report to help identify the most desirable home features among recent and prospective home buyers. The NAHB surveyed more than 4,300 buyers nationwide, ranging from millennials to seniors. Estimated project costs come from Homewyse.com. Except where noted, costs reflect materials and contractor labor.7 Features That Will Sell Your Home Faster