As a Boston home seller, you want to know who your
potential homebuyers are in the Boston real estate market, and what they are
currently looking for from a home. Trends come and go, so when staging your
home to sell, it’s important to be up-to-date with the latest information.
After all, inventory is rising, so you have more
competition. Plus, some upgrades yield a high return on investment and will
allow you to increase the asking price of your home!
As your Boston real estate agent, I’m here to update you
today! A recent survey was conducted to see which upgrades Boston homebuyers are
willing to pay more for. Here were the results:
- Central air conditioning. This upgrade was most important to buyers, with a whopping 69 percent saying they would pay more for a home that had this: up to $2,520 more.
- New appliances. Of all the kitchen upgrades available, new appliances was the one that 69 percent of buyers said they would pay more for: up to $1,840 more. Added bonus: Energy Star appliances!
- Walk-in closets. Buyers desire lots of storage, and walk-in closets fit into that category. That’s why 60 percent of buyers say they would pay more: up to $1,350 more.
- Granite countertops. Granite is still a popular option in the kitchen, and that’s why 55 percent of buyers said they would pay more for this upgrade: up to $1,620 more.
- Hardwood floors. This trend comes and goes, but right now, buyers desire hardwood flooring over carpeting. Make this upgrade and 54 percent of buyers will pay more: up to $2,080 more.
- Master Suite. Buyers want a master bedroom with an upgraded master bath. From second sinks to mounted televisions, 49 percent of buyers will pay more: up to $2,030 more. However, it’s important to note your area’s demographic. Younger buyers don’t care as much as older buyers do.
- Kitchen island. Buyers like their kitchen updates, and the kitchen island is an upgrade that gives them more storage and counter space. That’s why 48 percent of buyers will pay more: up to $1,370 more.
- Stainless steel. This is still the material that most buyers, 41 percent of them, prefer for appliances, even though they wear faster. They are willing to spend up to $1,850 more for stainless steel.
- Eat-in kitchen. The kitchen strikes again! Buyers, especially younger ones with kids, are looking for functional eat-in kitchens. Forty percent of buyers will spend up to $1,770 more for this.
- Fireplaces. This attractive, functional feature is even more popular in the northern states, and no surprise after the winter Boston, MA had! Forty percent of buyers will pay up to $1,770 more for one.
As a rule of thumb, kitchen and bath updates are always
popular among homebuyers. The National Kitchen and Bath Association recently
shared that extra-large, luxury showers with multiple shower heads and built-in
seating are all the rage right now.
Have questions about selling your Boston home? Ready to sell with professional assistance? Contact me, your Boston real estate agent!
Patti Fine
Phone: 617-642-7585
Email: pf@pattifine.com
Email: pf@pattifine.com
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