Last Updated on February 15, 2024
2024 is predicted to bring more buyers to the market, as buyers determined to wait until mortgage rates are lower will be happy with the dip in rates and realize they can’t wait forever.
This increased competition does not mean sellers can phone it in, though, as in a fast-paced market, homes that sit longer than others will stagnate. Position your home in the best possible light when you pay attention to these 5 selling features that will make your home stand out above the rest.
A home that is move in ready
No one wants to move in and immediately get to work, tackling a never-ending to-do list. A move-in-ready home should check the following boxes:
- Electrical work up-to-date
- All plumbing in working order
- Roof should have a substantial lifespan left
- Windows that are working and free from any rot
- Siding working and free from any rot
- HVAC/furnace that still has some life left, i.e., doesn’t need to be replaced in 6 months
- Kitchen and bathrooms that function
- Paint that is free from any chipping or significant markings
Flexible space options
With more and more homeowners working at home, flexible spaces are very desirable. Sellers should work hard to stage every space, remembering that spaces to work, complete homework, exercise, and entertain are all high on the list of many buyers in today’s market. Formal dining rooms that aren’t being used, bonus rooms or even additional bedrooms are all great spaces to turn into the flex space of your buyer’s dreams.
Maximizing space in the garage is also a good idea, allowing buyers to envision storage opportunities, a place to store bikes, tools, and holiday decor, and perhaps even a makeshift work bench or potting station.
You may also like: How to stage your garage to increase your home’s value
Energy efficiency
An HVAC unit should be working properly and not be at the end of its useful life. While replacing an out-of-date a/c and furnace won’t command you more at closing, it will entice buyers who don’t want the trouble of outlaying the expense of a new unit.
Neutral paint colors
While paint is one of the easiest and cheapest things you can do to update your home, many buyers have such a hard time looking past outdated wallpaper or ugly paint colors that it makes sense to grab some buckets of neutral paint and give your home an updated look.
You may also like: The paint colors buyers are searching for right now
A new roof
If your home is nearing the end of its useful life, it’s a good idea to go ahead and replace it. While a new roof is a great selling point, it isn’t necessarily something that adds value to a home, as appraisers consider it part of maintaining a home.
If you’re in the market to sell your home soon, don’t forget about our free home physical! Whether you’re planning on selling soon or staying in your home for years to come, a home physical can help you save money in the long run by helping you make smart decisions when remodeling or repairing your home as it ages.
