Selling your home during a seller’s market is pretty much a sure thing because there are qualified buyers chomping at the bit to buy. Why, according to insights for the 2021 housing market indicates the market is only going to get more competitive. 97% of real estate agents report a strong seller’s market and 93% say home prices are on the rise!
That’s wonderful news! However, you can increase the chances of a quick sale, you might want to make some improvements – you have to spend money to make money after all! The question you may have is what improvements would appeal to the largest pool of buyers.
We have a selection of the top upgrades buyers are looking for when they’re looking to buy. These upgrades are sure to increase the value of your home, but you may qualify for a home appraisal for free and see just how much your home is truly worth.
1. Outdoor kitchen
An outdoor kitchen is one of those luxury features that you never knew you needed until you actually have one. 62% of homeowners report that they’re looking for a home that has an outdoor kitchen, a wet bar or even a snack station located near the pool so they don’t have guests trauncing through the house without drying off after a swim. If you’re an entertainer, an outdoor kitchen is a must.
2. Safety fence
When it comes to pool safety, you’re going to have a fence (in some locations it’s a requirement and not even up for debate). 46% of homeowners (especially those with children) say they want a safety fence that has triple-reinforced poles, is at least 4-feet in height, features a strong protective mesh and a self-latching, self-closing gate.
3. Updated deck surround
There are a number of reasons 43% of homeowners with a pool would want to upgrade the deck surround. Sure, it can add value, but it can also improve the quality of life (you can grill on an updated deck, sit and chat with friends), eliminate any safety concerns, or just draw even more attention to the main focal point in your yard – the pool!
4. Hot tub or spa
What’s a better way to unwind after a long day at work than to soak your weary bones in a bubbling hot tub? We can’t think of many things that are much better than that… and neither can 38% of homeowners. Not only are hot tubs a great addition to the home, it just increases the overall luxurious feel of the property overall.
5. Upscale hardscaping
It isn’t enough to have a swimming pool in the backyard. 36% of buyers are looking for a backyard that looks like a summer oasis instead of just a plot of not-so-luscious green grass and overgrown flower beds. A great way you can improve on the overall look of the backyard is to have upscale hardscaping. Hardscaping can mean replacing the worn cement walkways using brick pavers or stone. It could mean creating stepped flower beds with the same materials in a style that compliments the home. It could mean creating a water feature or water wall, a firepit or even revamping the patio entirely. There are so many ways you can use hardscaping to improve the look of your yard and here’s a great place to get ideas.
Selling your home during a booming seller’s market is no-brainer, especially if you have equity and the means to do so. With so many qualified buyers out there, the demand is high enough that it’s likely it’ll sell quickly and for more money than your asking price!
