With the current state of the market bringing us high interest rates and low inventory, homebuyers have shifted their wants and needs. Among the top design trends for 2024 is a shift to better, not bigger homes. The average size of a new home continues to inch smaller as affordability becomes more difficult. People are shifting their overall design preferences and placing a higher value on personalization and authenticity.
Homebuyers want to personalize their homes! Home sellers can use this to their advantage when listing their homes by using the spaces they already have to highlight how homebuyers can turn your house into their home. Here are some home features that remain at the top of buyers’ wish lists this year.
Kitchen Updates
The kitchen remains the heart of the house with this space being one of the number one features home buyers look at. In HomeLight’s most recent End of Year 2023 Top Insights Survey, 92% of agents say modernizing your kitchen is the best way to appeal to today’s buyers. If your kitchen appliances don’t appeal to a buyer, your chances of selling your home quickly or for top dollar can dramatically decrease. Granit or quartz countertops are also at the top of the list for many buyers, elevating any kitchen. Painting the cabinets and adding some new hardware is an easier and less expensive upgrade. These swaps alone can change everything in a kitchen. Adding an island if the space allows can also update the look without having to do a full kitchen remodel.
Improved Patio, Porch, or Deck
Buyers are very attracted to outdoor spaces right now with covered patios being particularly popular. Homeowners want to enjoy the outdoors while being protected from the elements. Backyard decks and usable front porches can be huge selling points. With more than $7,000 on average in resale, building a deck can be a great investment when trying to sell.
Outdoor Entertainment Amenities
Buyers want amenities that they can use in their outdoor spaces. Buyers love outdoor kitchens, backyard barbeque equipment, and outdoor fireplaces which are perfect for entertaining.
More Livable Spaces
While the size of homes might be decreasing, homeowners are still looking to make the most of every space within their homes. This can look like finishing a basement or attic space or converting basements and bonus spaces into recreation areas, playrooms, game rooms, or a home office.
Storage
Storage is a key feature for many home buyers. Lots of kitchen storage, walk-in pantries, large closets, and additional garage storage is a huge plus for buyers. If you are trying to sell your home, make sure to highlight these areas for those coming to look at your home.
Energy Efficient Features
Homebuyers are increasingly prioritizing energy efficiency in their homes. Energy-star-rated windows and appliances and energy-efficient lighting are very attractive to buyers right now. Any features that use less energy can be helpful when promoting a listing.
Real Estate Agents are going to be your best bet when knowing buyers’ wants and needs in your area. Understanding this will not only benefit the buyer but also the seller of the home they choose. Speak with an agent before deciding which upgrades and renovations are worth your time and money!
Sources: HomeLight, National Association of Home Builders
Founded in 1971, First Weber Realtors® is a part of HomeServices of America, the nation’s largest provider of total home services. With 60 offices and more than 1,400 real estate professionals, First Weber is consistently number one in Wisconsin for unit sales and real estate sales volume. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com
