If you’re selling your home or planning on selling your home in the future, you may be wondering what features will increase the equity in your home. What features will make your home even more desirable to homebuyers?
Zillow analyzed 4.6 million home sales in the US for both 2017 and 2018. Homes with certain features were on the market for shorter periods of time and generally sold for more money. If you already have these features, know that your home is currently very valuable for today’s real estate market. If you wish to boost the price point of your home, consider adding at least one of these desirable features.
- Steam Oven
According to Zillow, steam ovens earn homes the largest price premium over other listings that don’t have one. Homeowners could earn about 34.1% more with this amenity. Steam ovens use hot pressurized steam to cook food, reducing cooking time. They’re also said to be healthier than traditional ovens because steaming helps food retain vitamins and nutrients.
- Steam Shower
Bathrooms with steam showers are incredibly popular. This feature increases a homes sale price by about 30.7%. Steam showers are said to promote wellbeing by improving circulation, decreasing joint pain, detoxing the body, reducing stress, and so much more.
- Heated Floors
This a luxury feature that homebuyers may be willing to splurge on. Heated flooring is a very cozy feature–especially in cold climates—and it could increase a homes sale price by 26.2%.
- Wine Cellar
Wine is a very popular alcoholic drink in the US. About 949 million wine gallons were consumed in 2016, and the number increases each year. Homes with a wine cellar have an increased sale price of about 31.4%.
- Shed/Garage Studio
if your home has a shed studio or garage studio, then your home may be worth 26.5% more than other similar listings! Not to mention, listings that had this feature were typically sold 8 days faster.
- Open Shelving
Open shelving is a very popular kitchen trend right now. Open shelving opens a room up and makes it seem bigger. It also promotes organization and design, which is why many homeowners are opting for open shelving in their kitchens. This feature helps homes sell 11 days faster and gives earn homeowners a 10.1% price boost.
- Outdoor Kitchen
Entertainers love hosting parties and get-togethers at their home. If you have an outdoor kitchen, your home could earn you about 24.5% more when closing.