Over the past few years, the housing market has changed drastically thanks to the effects of the Coronavirus pandemic. House prices are increasing at a rapid pace and modern homebuyers have more demands than ever.
You can’t blame them, with house prices being as high as they are, potential buyers have a right to be picky about how they spend their money and ultimately want to get as much value for their money as they can.
So, to help you navigate the world of selling your home in the current market, we have put together this guide on what household features homebuyers are looking for when they’re looking for properties to buy
In the property market at the moment, space is at a premium, so any extra space you can create in your home is very desirable for prospective buyers. So converted lofts are an incredibly popular selling point for houses now as they turn unused storage space, into usable living space, which gives your home a lot more room.
Just converting your home’s loft into an extra living room or bedroom, can increase your home’s value by as much as 20%, so if you’re looking to move homes soon, a loft conversion could be a very shrewd investment that increases your selling price.
If you’re not familiar with them, BiFold doors are a new type of patio door that is very stylish and efficient. Rather than being made of a sliding windowpane, they are made up of multiple frames that can fold up on each other to neatly open the door, with the panes stacked to one side of the doorframe.
The reason these BiFold doors are so popular is because of their unique modern style, they look much nicer than other patio doors and are easier to shade with specialized BiFold Door Blinds that click into the frames of each door panel, which create an even more stunning look.
Conservatories are also a sought-after feature on the property market at the moment, for the same reason as loft conversions, as they give you more living space that you can utilize in the home and essentially creates an extra room on your property.
It also helps those conservatories are often quite stylish and provide stunning views of the garden, but by adding a conservatory to your home, you will likely see your home’s value increase by quite a bit. Often the cost of building a conservatory will be less than the value increase of your home, which makes conservatories a smart investment for homeowners.
Ceiling fans are also an in-demand feature for potential buyers, many buyers appreciate how ceiling fans fit into décor schemes, but also they’re desired as they are a cost-effective way to keep homes cool during the warmer months of the year.
With the current cost of electricity, many people are looking to avoid using air conditioners as they can cost a lot of money to run, which is why many homeowners are now opting for ceiling fans, as they can achieve a similar cooling effect for a fraction of the cost of running an air conditioning unit.
A recent study has shown that around 81% of prospective home buyers want a home with hardwood flooring. There are a few reasons behind this, but for the most part, it appears buyers prefer the look of hardwood floors over carpeted floors or linoleum flooring.
Another reason so many buyers are interested in hardwood floors is that they are incredibly durable, easy to maintain, and far easier to clean than carpeted flooring. If maintained correctly, hardwood floors can last almost indefinitely, so even if you’re not looking to sell, hardwood floors could be a great investment for your home.
According to Zillow, homes that have heated floors sell for 3.2% more than homes that don’t, while heated floors have long been considered a luxury, they’re now a common feature that homebuyers are looking for in their homes.
Luckily, with advances in modern technology, heated floors are incredibly affordable and easy to install, which has led to them being far more common in homes than they were 10 years ago. Heated floors are also incredibly energy efficient, which is another thing young house buyers consider when making a purchase.