How many of these wish-listed upgrades does your house have? Keep reading below to learn the most desired home improvements and upgrades homebuyers look for in 2020.
The ongoing Coronavirus pandemic has changed tastes in terms of what homebuyers want. As the public health crisis has kept people worldwide inside their homes for months, new needs and preferences appear. Lockdown restrictions forced people to do everything inside their homes, from working to cooking, getting entertained, and connecting with their hobbies they didn’t have time for before the pandemic.
Now, the housing market is still rebounding amid the pandemic. So, there aren’t many homebuyers out there. Yet, those who take a first home buyer loan these days have a pretty clear idea of what they are looking for in a property.
So, if you’re planning to sell your house and you’re going to spend time and money on home improvement projects to increase its value, it pays to focus on things future buyers might look for. What are the six critical home upgrades that buyers are keen on having in their new real estate properties? Keep reading below to find out!
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1. Open-plan kitchen
That’s right, kitchens sell homes!
Even before the pandemic, large modern kitchens were among the topmost desired home upgrades home buyers wanted. But data shows that 56% of adults in the US are cooking more at home than they did before the pandemic. Now, as the culture today is cooking from home and minimizing dining out to save money and stay safe, it only makes sense that homebuyers are looking for updated kitchens. After all, kitchens are the hub of any home and the rooms where families gather together.
Now, upgrading your home’s kitchen can be as simple as just giving the cabinets a fresh coat of paint. Or, if you have more money and time to invest, you can even invest in an entirely new kitchen and layout.
Pro tip: If you can only afford to upgrade one room in your house, choose the kitchen
2. Home office
The ongoing COVID-19 pandemic has led to more and more employees working from home. And, it looks like 98% of those who worked remotely during lockdown claim that they would like to option to continue working remotely for the rest of their careers.
Yet, who hasn’t been in an important Zoom meeting, when working from home during the lockdown, when a family member comes in and asks something awkward like “Did you take the dog out this morning?”. Or, who wants to share their unmade bed with the other Zoom meeting participants? Well, probably no one. So, home offices will be in high demand this year and in 2021.
So, do you have a room no one uses? Or maybe your attic or basement could make a great home office if you clean it up and redesign it?
Building a home office shouldn’t be that difficult. Repaint the room in a color that boosts productivity, such as blue, green, or yellow, and invest in some office equipment (if you are planning to include the furniture in the total price of your property).
3. Deck, patio, or porch addition
As lockdown restrictions kept all of us inside our homes for several months, we’ve all missed outdoor spaces and nature a lot. So, it’s no surprise that outdoor living spaces have become more desirable post lockdown. Decks, patios, or porches are becoming key home features homebuyers are looking for post-lockdown.
So, if there’s one thing you should show off in marketing photos of your property, that would be your outdoor space. It seems that access to a garden is actually the top property search priority when it comes to what people want in their next home.
So, if you have an outdoor space, it’s the perfect time to invest in upgrading it. Maybe add some garden furniture, plant some flowers, or add a focal point. Invest in whatever will make your yard a more welcoming area of your property.
4. Laundry room
According to the National Association of Home Builders, it looks like another top home upgrade that people are looking for is a laundry room.
That’s right, people want a separate room to stack all the clean laundry until it finally gets put away. A laundry room is a space where homeowners can clean, dry, fold, and iron their clothes, which helps them keep the mess out of their living space.
Now, if your property doesn’t have a laundry room and you want to add one to make it more desirable for future homebuyers, you should choose the basement to create this separate room. You already have the utility lines there, and it’s the part of the property that is separated from the rest.
How do you convert your basement into a laundry room? Clean and repaint your basement, add good lighting, and add the equipment needed for doing laundry. Also, don’t forget to bring some storage cabinets where the future homeowners can store their clothes.
5. Energy-efficient equipment
Even before the pandemic, homeowners and homebuyers became more interested in eco-friendly home improvements such as energy-efficient equipment. However, the pandemic increased the urgency of doing everything we can to reduce our carbon footprint so that we can continue living a healthy life.
So, another thing that home buyers want these days is energy-efficient equipment, from programmable thermostats to LED bulbs, solar panels, eco chargers, and smart sockets. Upgrading your home to be extra-efficient will increase its value.
6. Smart home technology
Technology is becoming more and more integrated into our everyday lives. When we’re not scrolling on our smartphones, we are typing on our computers or play with other fun tech gadgets.
So, guess what? Technology is also becoming more integrated into our homes, especially when most of us have been spending a lot of time at home lately. Data shows that the majority of US home buyers will pay extra for smart home technology, such as security systems and smart lights, according to a 2020 State of the Ecosystem report.
So, if you want to make your home more desirable for homebuyers, also invest in some devices connected to the Internet that allow remote control of pretty much everything inside the house.