Friday, August 12, 2011

Top 10 Key Selling Points for a House

As many of you know, in "real life" I am a real estate attorney.  In today's challenging economy, it is important to understand some of the top selling points if you are listing your home for sale.  I'd like to welcome Christina Johnson who works for Elliman Prudential today.  She has some great advice for anyone thinking about selling their home.

What are buyers looking for in a home? In addition to what buyers usually look for, there are trends in the current housing market that should not go unnoticed when attempting to sell a home.

1) The Open Concept Home
Buyers no longer want homes with separate spaces for different family functions. More and more when homes are staged, real estate professionals are advising clients to create multipurpose spaces. Buyers can then see how valuable and functional open areas are. Larger rooms can be arranged so that no area is wasted. In a family room, a media area, an office area and possibly a separate game room space would be the optimum arrangement for maximum functionality.

2) Outdoor Living Spaces
Popularity is growing for these spaces. In the winter time it’s not so easy to create an elaborate outdoor living space but as soon as the warmer weather arrives, this should be a big consideration when attempting to sell a home. It increases a buyer’s perception of how much living space the home has and adds value to the home because so many people are not vacationing as much as in the past. Many buyers are looking to create their own private oasis in the back yard.

3) Neutral Decor
This is an essential aspect to creating a home. This will allow your home to be attractive to many, as opposed to a few. Buyers are actually willing to pay more for a house or rental property with a neutral color palette. That doesn’t mean that everything has to be beige – there are a so many beautiful modern neutrals. These colors add depth, character and intense interest to spaces without making them dull.

4) Updated Kitchens
This is an area that will give a fantastic return on your investment. Many buyers fall in love with homes based on the kitchen alone.  Most people congregate in kitchens at gatherings anyways, so buyers will envision their guests enjoying the space.


5) Green Living
Installing a recycling center into the kitchen, mud room or garage are desirable features to buyers in the current market. Outdoor compost areas are also trending as a desired feature in the real estate market.

6) Smart Storage Options There is a need for clever storage in a home. Well designed walk-in closets and built in storage options in a home that can store all of their things, yet keep them accessible. Creating a few extra storage options is a smart thing to do when selling a home. 

7) Energy Efficient Appliances and Fixtures
Many buyers insist on “keeping it green” and are looking for appliances and fixtures that are energy efficient. Examples are energy efficient lighting, toilets, kitchen and laundry room appliances. Buyers want to save money any way possible. It’s all about conservation.

 8) Double Car Garages 
This is in keeping with multifunctional spaces. Buyers want a garage that will have a space for their car and also as a workspace and a storage space. If you have a single car garage, make sure that this space remains clutter free.

9) Natural flooring 
Natural wood flooring has long been a desired selling feature in homes.  Oak, pine and bamboo are all popular with buyers.

10) Designer Tubs and Showers
Whirlpool baths are out and large, attractive soaking tubs are in vogue in today’s buyers dream. In addition, seamless glass shower doors, multiple shower jets and overheard rainfall showerheads are some of the desirable features in bathrooms.

Thank you Christina for such great advice.

Have a great weekend!



Lili said...

Great valuable tips! Thanks Judy!

Goldie said...

Thank you for the great tips! As we go through the remodel of our house I am thinking we are going in the right direction! Everything that was mentioned we are in the process of doing to increase our home value!

The Yellow Cape Cod said...

Great post!! I love this. Thank you for sharing this valuable information.
Regards, Sarah

marty (A Stroll Thru Life) said...

Super post and great advice. Hugs, Marty

Sue said...

What beautiful photos. I loved that "upstairs" library. Really cool.


laxsupermom said...

Great post! It's nice to know we've incorporated so many great selling features into our own home. Beautiful images! Thanks for sharing.

Marydon said...

IF I had a home as gorgeous as these, I'd never sell.
Great pointers tho. TY for sharing.

Would you be so kind to leave a comment on my BLOG ONLY, for the Miracle Makeover fund drive. Charlie, 8 yr. old, & his story are fabulous. Every comment brings us a $1 for the next person that will be sponsored.

Have a beautiful weekend.

Carol@TheDesignPages said...

All great advice!! I'm so glad you stopped by today because I am delighted to have found your fun blog:)

Jenny said...

Wow. What wonderful advice. I'm sending this link to a friend who's going to be listing her house.

Keith Jasper said...

I really appreciate your professional approach. I would like, to thank you for the efforts you made in writing this post.Thanks!sell my house fast austin

Romana Priolo said...

I think the first key selling point for a house is the curb appeal. We mostly get attracted to the exterior appearance first. If they don’t like what they see from the outside, they will surely turn down to see the rest of the house. So, as much as possible, make the exterior appealing. ->Romana Priolo

Calvin said...

Thanks for sharing these tips, Judy. In fact, you’ve pointed out the entire considerations that are on my list. Actually, I am looking now for a new place to live with my family. And my top priority for now is to find a house that suits me and my family, which is also within our budget.

Calvin Mordarski

Tiago said...

This advices are crucial to sell house fast and in good price. It doesn´t only apply to big houses like those in the photos but also to small and cheapest ones.
Very good Post!!

Micheal Jackson said...

I am a fan of DIY design and decoration. I believe that this brings out the creativity in each and every one of us. kona kai apartments albuquerque

Abdul said...

Thanks for sharing these pointers, Judy. I must agree that these are what the buyers are looking for in a house. Buyers always take into considerations some factors like the location and accessibility, house conditions, and last but not the least, the price. These three factors are usually what influence their decision when looking at house listings.

Anonymous said...

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alveena marten said...

Why would a homeowner who is trying to sell his house not mow the lawn? It’s hard to imagine that someone who is actively engaged in selling a property wouldn’t be motivated to make the exterior look as good as the interior. For this property, it wouldn’t take more than a few hours to mow the grass, trim the hedges, weed the flower bed, plant a few colorful annuals, and edge the lawn. The house’s exterior would really perk up.
By not mowing the lawn, trimming the bushes and making sure your home looks well cared for, you’re setting the table for some unpleasant future negotiations – prospective buyers will assume you’re in financial trouble simply because you haven’t invested the time or money in making sure your home is ready for sale.
If you’re selling your home, there are five things you absolutely must do in order to stay competitive – which in a soft housing market is where things stand:
1. Make your yard memorable. The vast majority of today’s home buyers start their search for a home on the Internet. Homeowners with yards that are neatly trimmed, flush with pretty colors, and full of lush greenery will find the colors pop in digital images taken for real estate websites. Don’t miss this opportunity to make your home stand out from the others listed for sale in the neighborhood or price range.
2. Inform your neighbors. Before you hire a real estate agent (and certainly before you officially list your home for sale), you should inform your neighbors that your home is going to go on the market for sale. Your neighbors presumably like living in your neighborhood, and they may know someone through their network of family, friends, and colleagues, who is looking for a home like yours. Selling through a friends and family network will ultimately be a win-win, as you’ll sell more quickly and possibly for more money, while your neighbor will have a friend or family member living close by.
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Erica Ross said...

Thank you for the tips! I could use them to reinvent my andante apartments phoenix az.

Erica Ross said...

For me, the key selling point of any home is the kitchen. So when I checked out these Hermosa Beach Apartments, I visited the kitchen first.

sellmyhouseinaz said...

Great tips... thanks so much. I will be needing these when it comes time to sell our home that we are currently renting out.

Tips for Selling your House

carol gibbs said...

One of the best selling points of any property is the kitchen. Like these williston apartments for rent that I've seen. It's amazing kitchen got me hooked up.

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These tips are really effective. Before buying or selling any house one must know these for successful trade. I have also got some good tips from a Buy my house for cash company around. They are really popular around. They are updating regularly.

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