Who would have thought that during a global pandemic that real estate would be going strong? In fact, inventory in Northern Nevada is incredibly low and the median sold price for single family homes in Reno/Sparks was $449,600 in December. You can read more about the current real estate market here.
Now that many home buyers have spent much more time at home during the last year, the features that buyers want most have changed to reflect that. Here are the top seven features that today's home buyers are looking for in their future homes.
1. Patio and Outdoor Living Space. Being stuck at home gets old quickly. Many homebuyers have realized how important it can be to have an outdoor space to take in the view, relax and add to their total living area. If you already have a concrete porch or patio, check out these tips to update your look. Adding heater or firepit to your backyard is a great idea because it allows for outdoor living all year.
2. Spa-Like Bathrooms. People are choosing to spend quality "me time" at home and a spa-like bathroom is the perfect way to do that. A rain shower, soft, neutral colors, trendy artwork, and luxurious hand towels can make a big improvement.
3. Spacious Kitchen. While you may not want to do a full kitchen remodel if you're planning to sell your home, consider removing bulky furniture and highlighting any bar space that creates an "eat in" kitchen.
4. Home Office or "Zoom Room". This may come down to staging. If your home has a study or formal dining room, staging it as a home office may appeal to the home buyers who are planning to continue working from home.
5. Energy Efficiency. While this isn't a new feature that buyers want, energy efficiency is very important to most home buyers, especially those who are spending more time at home than in years past. Consider adding more insulation, upgrading windows, or adding a smart thermostat.
6. Pet Friendly Living. According to a Zillow study, listings that mention a fenced backyard in their description sold almost 7 days faster than expected. Homes with a dog wash station or a staged space in the laundry room for a dog bed and bowls can show off how pet-friendly the home is.
7. Smart Homes. In an effort to keep things germ-free, smart technology like touchless faucets, self-cleaning toilets, and smart lighting are continuing to rise in popularity.
If you are planning to sell your home, we would be honored to assist however we can. Reach out for a complimentary, no-obligation home valuation to see what your home is worth in today's market. You may have even more equity than you think.Posted by Jeff Sallan on