With the foreclosure and short sale real estate market drying up, buyers are becoming more particular on what they want in a home.
During the foreclosure crisis buyers were willing to purchase homes needing substantial repairs and cosmetic improvements. Many of the homes for sale during the crisis had no appliances, flooring, lighting or plumbing fixtures.
The attitude of buyers during this period was different from what we see now. The California Association of Realtors surveyed buyers and found out their most wanted items when shopping for a home were.
Leading the list for buyers is energy star rated appliances. Everyone seems concerned with energy use these days and this is a huge selling point so if you are thinking of replacing appliances make sure they are energy star rated. Young buyers are also concerned with the overall energy rating of a home as well as energy star rated windows. Ceiling fans fall into this category and buyers want them in all bedrooms and living areas. There are several companies that perform an energy efficiency analysis of your home. There are also Energy Efficient Mortgages that allow improvements to be made to a home as part of the loan process. Any lender can questions on these loans and how they work and your Realtor can offer you information on Energy Efficient companies that perform inspections.
An inside Laundry Room is important as going to the garage to do laundry seems foreign to young buyers. A linen closet and an exhaust fan in the bathroom made the top 10 list also. The kitchen is always a place of concern for any buyer. Having a pantry for storage is very important to most buyers. Space in the kitchen for eating, whether it be a nook or an eating bar are also in demand.
Garage storage, whether it be cabinets along the walls or attic storage with a drop down ladder, are important to buyers also. Storage allows homeowners to keep their possessions out of view and organized. Outside lighting for safety is also a concern. Motion lighting is the best and if the landscape is lit even better.
If you are thinking of upgrading anything in your home, keep in mind what buyers want most in case the time comes that you want to sell!
Eileen Schamber is the president of the Lodi Association of Realtors and can be reached at firstname.lastname@example.org.