Have you ever wondered which aspects of a home are most sought after by buyers? If you’re preparing to sell your home, you probably have. The truth of the matter is it’s a combination of things, but that doesn’t mean certain features don’t help a home sell faster. According to a study done by realtor.com on its listing records, there are some key characteristics that expedite the process.
City Views versus Ocean Views
I’m sure we can agree that both have their perks, but one must reign supreme. So, which one is it? In this case, it depends on what you’re measuring. If you’re considering homes that sell for more, the ocean views typically take the cake. However, homes with a view of a city skyline sell faster on average, with golf course views, lake views, and mountain views closely following behind.
Interior Qualities Are Important
People still love stainless steel and granite countertops, through the former is clearly the fan favorite. Additionally, homes with open kitchens and finished basements sell much faster than those without these features. Based on my own experience, South Florida buyers also appreciate a home finished with marble flooring. When it comes to interior aspects, buyers seem to gravitate more towards sophistication, and they’re willing to pay for it. For anyone selling in the luxury market, a home with an abundance of upscale amenities is sure to attract a multitude of buyers.
How About the Neighborhood?
When it comes to buying a home, what the neighborhood has to offer is a very important factor. When taking a neighborhood’s perks and benefits into consideration, a good school (or better yet, “top” or “best” school) ranks highly for homebuyers. Buyers also prefer to live close to stadiums and shopping malls. Surprisingly, while transportation and hospital locations are taken into consideration, they aren’t ranked as high in importance. Thankfully for those buying and selling in the Palm Beaches, the area has no shortage of attractions.
Bigger Isn’t Always Better
Believe it or not, even though Americans love the idea of a big home, buying statistics show that’s not always what they end up purchasing. The bigger the home, the longer it stays on market. While these statistics are true for the listings evaluated, it’s important to keep in mind that those of us buying and selling in the luxury market represent just a small portion. Our market is unique, with buyers specifically seeking out these large, lavish homes.
While it’s great to be aware of what general features draw buyers in, let’s not lose sight of the fact that every home and every buyer is different. What one person adores in a home can be totally different from what someone else prefers, especially in the luxury market. Jack Elkins has a keen understanding of the industry, and makes it his mission to match buyers with the perfect home for their personal tastes. Whether you’re buying or selling, Jack Elkins is certainly the Palm Beach real estate agent you’ve been looking for.