6 Features That Will Sell Your Home Faster

Garage Storage Space

Percentage of buyers who want this feature: 86%

Cost to install: $2,025 – $2,363 for a 380-square-foot space

Buyers with growing families need lots of storage space. Sellers should keep in mind that streamlined living equates to more dollars in your pocket at sale time. The installation cost includes adding cabinetry, a peg wallboard for tools, and improved lighting and electrical circuits.

 

Eat-In Kitchen

Percentage of buyers who want this feature: 82%

Cost to install: $1,000 – $10,000

Eat-in kitchens are a must-have for many buyers, especially families with children. It’s a space where they often congregate in the morning for breakfast before the kids head off to school and parents to work, or in the evening for dinner so everyone can share highlights from their day.

 

Hardwood Floors

Percentage of buyers who want this feature: 87%

Cost to install: $1,429 per 120 square feet of red oak flooring

Hardwood flooring offers a cleaner look, is easier to maintain and is more durable than carpet, which needs to be replaced every eight to 10 years. Sellers on a budget may want to buy engineered wood flooring (which is a hardwood veneer wrapped around several layers of plywood, fiberboard and hardwood).

 

Laundry Room

Percentage of buyers who want this feature: 92%

Cost to install: $1,000 to $10,000 depending on scope of project

More than anything else, homeowners want a room other than the guest bedroom to stack all the clean laundry in until it finally gets put away. A separate laundry room topped the National Association of Home Builders’ (NAHB) list of most-wanted home features by buyers.

 

Exterior Lighting

Percentage of buyers who want this feature: 92%

Cost to install: $65 to $132 per fixture

Illuminating a well-manicured lawn with exterior lighting can help grab potential buyers’ attention before they even set foot in the front door.

 

Energy Efficiencies 

Percentage of buyers who want this feature: 90%

Cost to install: varies (appliances), $270 – $800 each (windows)

Would-be buyers looking to limit utility bills will likely be drawn to properties with energy efficiencies, such as Energy Star-qualified windows and appliances. Energy-efficient windows can trim heating and cooling costs by 12%, while individual appliances, such as an Energy Star-certified washing machine ($500 to $1,800 at Home Depot), can save homeowners $45 a year or more on their utility bills.