There’s an art to selling a house. But lots of science goes into it, too. So understanding what buyers are looking for will not increase your chance of a sale; it will also maximize your profit margins.
So to help you get the most out of any future sale or remortgage deal, home project specialists Angi put together a list of the features that are guaranteed to increase your property value
The value of a pot filler
A pot filler tap is a double-jointed tap mounted to the wall behind your cooktop. It’s designed to fill pots with water while still on the stove. Pot fillers aren’t the ‘sexiest’ home furnishing, but they are an excellent investment if you’re considering selling your home.
A pot filler can increase the value of your home by 3.2%. The average US house price is $374,900. So this simple feature can add almost $12,000. It becomes an absolute no brainer when you consider the cost of a pot filler. You can purchase a top range model (installation included) for around $1,000.
Home is where the ‘hearth’ is…
A fireplace in the lounge adds a 1.9% premium to the value of a home. It’s not the most valuable feature on the list. However, a fireplace stirs a comforting sense of nostalgia that will make potential buyers see your house as their future home.
As the saying goes, “A house with no fireplace is a home without a heart…”
The value of a garage
A secure garage is a top priority for house-hunters in New York, New Jersey, and Newark. It boosts property values in all three districts by 18.47%.
The average cost of building a garage is $24,000. And given the potential returns, this could turn out to be a shrewd investment.
Focus on security when designing and building. It’s a major concern for car-owning house buyers looking for properties in Jersey and Newark. A garage means there’s a good chance their car will still be there when they wake up every morning. Plus, a garage can reduce car insurance premiums by 5%.
The most valuable outdoor feature
An outdoor kitchen could be another worthwhile investment. According to Angi’s research, they can put another 2.05% onto the value of your home.
But you probably shouldn’t rush into this major DIY project just yet. Evidence suggests that the desire for an outdoor kitchen could be a fad. Their sales jumped by 106% in the USA during the first six months of the Covid-19 outbreak. The current popularity might be a side-effect of the post-lockdown hangover.
Location is another big factor. There’s no point in building a stand-out external feature if you’re selling a home in a state that only enjoys a few months of sunshine every year.
The most profitable home features
Double ovens and granite countertops are two more kitchen features that will add value to your house.
A metal roof will raise your house price by over 2%, while an outdoor patio increases it by 1.88%
Install a hot tub, and your property price will go up by 1.96%. And you can have plenty of fun in it while you’re waiting to sell!