Most Popular Home Improvements in 2013

Reblogger
Real Estate Agent with Hillscape Properties, Inc. DRE#01452976

I've been sitting on the fence myself about upgrading to stainless steel appliances, wood floors and granite.  This post has me committed to my future kitchen investment and where to best spend my dollars -- and that includes building out my walk in closet with more than a single bar and shelf!

Original content by Tom Kile

2013 Home Improvement Trends

When it comes to home interior features it is important to have what is desired by most potential homebuyers. Therefore, I have found a list of the most popular home improvements for 2013, so when you get ready to sell your home, you will be ahead of your competition.

2013 most popular home improvements:

Fireplace – One or more fireplaces are popular. Nearly 40% of potential buyers say they will pay an extra $1,400 for a home with one or more fireplaces.

Eat-in Kitchen – Most families center their at home lives around the kitchen. Therefore, over 30% of homebuyers say they would pay extra for an eat-in kitchen.

New Home – Most homebuyers say they want to own a home that is less than 5 years old and are willing to pay almost $10,000 more for it.

Stainless Steel Appliances – Stainless steel appliances are still the most popular appliances when upgrading a kitchen. Most homeowners and buyers agree this is an important investment.

Kitchen Island – Kitchen islands seem to be very important to middle aged homebuyers. Nearly 24% of homebuyers say they will pay $1,400 extra for a home with a kitchen island.

Ensuite Master Bath – Most homebuyers these days agree that an ensuite master bath is a popular selling point. This style bath has become extremely popular over the past 10 years and those who really want it will pay over $2,000 for it.

Hardwood Floors – Over 54% of homebuyers say they would pay extra to own a home with hardwood floors. Hardwoods are much preferred over carpeting in most homes.

Granite Countertops – A whopping 60% of potential buyers say they want to own a home with granite countertops. That means an average of 1 in every 5 homebuyers want to buy a home with granite countertops.

Walk-in Closet in Master Bedroom – More than 60% of potential buyers want a walk-in closet in their master bedroom. Custom built closets are even more popular, but buyers are only willing to pay an average of $1,300 more for it.

This information was gathered from 24/7 Wall St. when they used the data from the National Association of Realtors.

Looking to buy or sell a home in Amarillo, TX or a surrounding community? Contact Tom Kile – your real estate resource for Amarillo, TX and all surrounding communities.

 

Originally posted at: http://allamarillohomes.info/most-popular-home-improvements-in-2013/

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Comments (5)

Peggy Hughes/pha logistix, inc.
pha logistix inc - San Francisco, CA
SF NYC LA

Thanks for re-blogging this post, Melanie!  Luckily, places like the Container Store will design your new closet for you... just input your dimensions and answer a few questions - easy peasy.

May 08, 2013 04:36 AM
Melanie Narducci
Hillscape Properties, Inc. - San Francisco, CA
Your San FranciscoBay Area Real Estate Expert

Great tip about the Container Store, Peggy.  Thanks!

May 08, 2013 04:48 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

I was going to ask Tom in his blog about how 60% of the buyers who want granite counters make up 1 in 5 of all buyers, because in my book, that's 20% of the buyers. I guess you have to go the original website at 24/7 Wall Street and look it up, which is what I did. :)

May 08, 2013 07:41 AM
Melanie Narducci
Hillscape Properties, Inc. - San Francisco, CA
Your San FranciscoBay Area Real Estate Expert

Always best to get it from the original source, Elizabeth!  I'm wondering if "granite" includes all stone and stone products like Soap stone and Ceasar Stone.

May 08, 2013 08:43 AM
Melanie Narducci
Hillscape Properties, Inc. - San Francisco, CA
Your San FranciscoBay Area Real Estate Expert
And their Elf design is currently on sale!
Jan 02, 2014 06:01 AM