The wave of millennial homebuyers is coming. According to a survey that was conducted by realestate.com, more than half of the homes in the market will be bought by first-time buyers. A huge percentage of those buyers will be millennials.
If you are looking to sell your house fast and for top dollar, make sure that it has the features home seekers want the most. To make the most out of your remodeling budget, here’s a list of home features millennial buyers will pay extra for.
Energy efficient appliances
Energy efficiency is among the characteristics homebuyers are increasingly looking for in a home. In fact, Energy Star rated appliances are high on their list of features they want in a home. Because they know they’ll be able to save a huge amount of money in the long run, many of them are even willing to pay 3% more for an energy efficient home.
According to the National Association of Home Builders, exterior lighting is one of the most sought out outdoor features in a home – with about 90% of buyers including this on their list of must-have features.
Illuminating a well-manicured lawn will significantly increase your property’s curb appeal; hence, making a good impression on potential buyers. It’s also an easy and inexpensive way of adding security to your home.
Safety and security is one of the most important features buyers look into when shopping for a home. Naturally, they want to make sure that the neighborhood they’re moving into is safe. In addition, they also want to keep their home, family and belongings protected. A house with a security system will give them the peace of mind, knowing that they are safe from intruders and burglars.
Not so long ago, buyers find homes with carpet more desirable. After all, it makes their home a bit warmer during the winter and they feel more comfortable. Today’s homebuyers, however, find homes with hardwood floors ideal. In fact, a survey reveals that buyers are willing to pay an additional $2,000 for this feature. The good news is that wood flooring can last for several decades up to a century with proper care and maintenance.