When it’s time to sell your home, you might hesitate to make improvements, thinking they won’t pay off. However, skipping these upgrades can sometimes cost you more in the long run. Making the right improvements can mean the difference between getting no serious offers and receiving multiple ones. If you move out before selling, the longer your home sits on the market, the more you’ll pay in mortgage, taxes, insurance, maintenance, and other costs. Knowing which upgrades will attract the most buyers for the least investment is crucial. Here are some of the features buyers want most, along with approximate budgets for each:
Exterior Lighting: $50 to $250 per fixture
According to the National Association of Home Builders, exterior lighting is the most-wanted outdoor feature. Attractive lighting grabs potential buyers’ attention before they even step out of their car. Wall lanterns, illuminated walkways, and accented landscape lights create a strong first impression, provide a sense of security, and add instant curb appeal. You can achieve this look affordably, though more luxurious fixtures will increase the cost.
Energy-Efficient Windows: $270 – $800 per window (including installation)
Energy-efficient windows are on the checklist for as many as 90 percent of homebuyers. They not only look great but also feature better weather stripping and improved framing materials, reducing heat gain and loss. This can save up to 15 percent on energy bills.
Eat-in Kitchen: $1,000 and up for installation
Eat-in kitchens are essential for most buyers, especially families with children. The kitchen is the heart of your home. While the cost can vary greatly depending on the amount of work involved, this feature adds significant convenience and functionality, giving you an edge over the competition.
Hidden Appliances: $500 – $2000 per linear foot for custom cabinets
While high-quality, stainless steel appliances are always a safe bet, trends are shifting towards more colorful kitchens. A classic red fridge can add a stylish accent to an already classy kitchen. Hidden appliances are also very trendy, offering a clutter-free and clean look by tucking away the fridge and microwave.
Wireless Connectivity and Smart Home Features: Wide price range
Smart home technology is high on buyers’ lists due to its convenience, efficiency, safety, and energy savings. Thermostats you can control with your smartphone, adaptive lighting, and state-of-the-art security systems are just a few tech products that can increase your home’s value. Strong internet connections and cell phone service are now necessities. For less than $100, a signal booster can eliminate any concerns future buyers might have.
Hardwood Floors: $2,500 to $6,500 on average
Hardwood flooring has lasting appeal and is a huge selling point. It’s easy to clean, durable, provides better room acoustics, and promotes healthier indoor air quality.
