Selling your home in 2023: What home improvements are buyers looking for?
Selling a home is a big decision, and it's not always easy to know where to start when preparing your home for the market. One of the most important things to consider when selling your home is what buyers are looking for. Homebuyers today have a wide range of priorities, but a few key home improvements are sure to attract attention and help your home stand out from the rest. In this blog post, we'll explore the top home improvements that buyers are looking for in 2023.
It is a popular home improvement project, especially for those who want to sell their home. Open-concept layouts, smart appliances, and natural materials like stone and wood are the top kitchen design trends for 2023. Open-concept layouts create a more spacious and connected feel between the kitchen and other living areas, while smart appliances add convenience and energy efficiency to the kitchen.
Natural materials like stone and wood create a more organic and natural feel. These features can significantly impact a home's value and help it stand out in a competitive market. Whether planning to sell or simply updating the kitchen for personal enjoyment, incorporating these popular design trends is worth considering.
They are crucial in boosting the value and appeal of a home, with modern and well-designed bathrooms being highly desirable to potential buyers. In 2023, popular bathroom design trends include neutral color schemes, natural materials, and high-tech features. Neutral colors such as whites, grays, and beiges provide a clean and timeless look that can be personalized with accessories.
Using natural materials such as stone and wood creates a spa-like atmosphere, adding warmth and texture to the space. Stone tiles, wood paneling, and natural stone countertops are all popular choices for bathroom upgrades. High-tech features like smart toilets and heated floors offer convenience, comfort, and luxury. Smart toilets can provide automatic seat lifting and closing, heated seats, and built-in bidets. Heated floors can create a comfortable and cozy experience, particularly during colder months. These design trends can significantly increase the value of a home, creating a relaxing and inviting space that will attract potential buyers.
According to a survey of builders and construction experts, homebuyers are increasingly interested in energy-efficient upgrades. Energy efficiency is expected to be the most desirable green technology for future homeowners, with 62% of respondents agreeing. In fact, 83% of respondents listed ENERGY STAR windows, 81% listed appliances, and 80% listed efficient lighting as the top 12 most desired features.
Other highly sought-after energy-efficient upgrades include an ENERGY STAR rating for the entire home (79%), triple-pane insulating glass windows (73%), solar panels, upgrading insulation, and installing a smart thermostat. These upgrades can save money on energy costs and add value to a home. As such, homeowners looking to sell in 2023 should consider investing in these energy-efficient upgrades to make their homes more appealing to buyers.
Outdoor Living Spaces
These have become increasingly popular since the pandemic as homeowners look for ways to extend their living spaces beyond their homes. Buyers are particularly interested in homes with outdoor spaces they can use for entertainment and relaxation, as outdoor activities such as gardening, grilling, and lounging continue to gain popularity. Popular outdoor living features include fire pits, kitchens, and spacious decks or patios.
Other popular features include swimming pools, hot tubs, and outdoor lighting. These outdoor spaces can provide a great way to entertain, relax and enjoy nature without leaving the comfort of your own home. Incorporating these features into your home can increase its value and attract potential buyers.
Smart home technology is gaining popularity as it offers convenience, security, and energy efficiency. Home automation has become a selling point for homebuyers as it enhances the living experience. Voice-activated assistants such as Amazon Echo and Google Home are popular in home automation. They can control smart home devices, make phone calls, send messages, and set reminders. Smart thermostats are also in high demand. They learn heating and cooling preferences and can be controlled remotely via a smartphone app.
Home security systems such as smart locks, video doorbells, and motion sensors are becoming a must-have for homebuyers. Other popular smart home features for 2023 include smart lighting, which can be programmed to turn on and off automatically, and smart appliances that can be operated using a smartphone app.
In conclusion, smart home technology is revolutionizing how people interact with their homes. Homebuyers are looking for homes equipped with the latest smart home features to make their lives more convenient, energy-efficient, and secure. Home automation can increase your property's value and enhance your living experience.
Accessory Dwelling Units (ADUs)
Small living spaces built on the same property as a single-family home are becoming increasingly popular in cities with limited space. ADUs provide additional living space for family members, guests, or rental income, without moving to a larger property. Building an ADU can be a significant investment but can add significant value to your home, increasing rental income potential and resale value.
Different types of ADUs, such as attached, detached, and garage conversions, have their benefits and drawbacks. Homeowners should consider factors such as property size, zoning laws, and construction costs before deciding on the type of ADU to build. ADUs are a flexible solution for adding extra living space and can help address the housing crisis in some areas.
In conclusion, if you plan to sell your home in 2023, it's important to consider what buyers are looking for when it comes to home improvements. Investing in popular trends such as kitchen remodels, bathroom upgrades, energy-efficient upgrades, outdoor living spaces, smart home technology, ADUs, and general repairs and maintenance can make your home more attractive to potential buyers and increase its overall value.