When shopping for your next home, it’s important to know what really matters to you and to look beyond the surface of a listing. As a seller, your home will appeal to more buyers and likely net a higher price now (or for a down-the-road listing under different market conditions) if you know how to best highlight the features that make your home shine. Whether you are buying or selling, think beyond square footage and the number of bedrooms in a home. Here is a list of features to point out to buyers if your home is for sale, and this is a great start on your “shopping list” as a buyer.
Savvy homeowners know a thoughtful floor plan can easily trump square footage. An open floor plan offering 1800 square feet lives larger than a 2200 square foot home with a choppy floor plan. A home’s specs on paper do not always play out the way you expect in reality. Resist the urge to buy the most square footage and shop for a home with the best square footage instead.
Depending on your family portrait and how often you host visitors, you may want to look beyond the total number of bedrooms to consider whether homes on your list have a master suite. A master suite is a bedroom with a bathroom attached; not just “a bathroom nearby and down the hall,” but a bathroom en suite as part of the master bedroom. This level of privacy is a luxury for many, and in a seller’s market you may have to forego this option in favor of getting the location or number of bedrooms you require. If you can snag a home with a master suite, do it; you’ll enjoy the benefits of higher resale value and you’ll love having a bathroom you don’t have to share with company.
For gardening hobbyists, a yard that is a blank slate offers fun future projects. If, however, you have a brown thumb or lack the time or know-how to create a beautiful outdoor space, it is worth spending a little more on a house with professional landscaping in place. When you choose a home with curb appeal, you will be thrilled with your choice every time you pull into the driveway.
If you are selling a home with dated or dingy appliances in a seller’s market, the buyer will simply have to live with these castoffs. In a buyer’s market, new or upgraded appliances can help any home shine. As a buyer, you don’t want to be stuck in a house with a fridge that goes south 3 months in, or an oven circa 1973 that kicks kicks in on alternate Thursdays. If you are maxing out your finances to purchase a home, make sure you are investing in a home with appliances that will last and are in good working order.
Consider your long term parking and storage needs when purchasing a home. Many newer homes feature two or even three car garages, but older homes may have a single car, a carport or no covered vehicle storage to speak of. If you actively anticipate needing a garage or additional storage in the next 3-5 years, hold out for a home with this amenity in place.
“What will we need in our home in the next 3-5 years?” is a great question to ask before and during your house hunt. Most people won’t live in the same home for a lifetime; you may move for a relationship, a job, for more space or for fun. It is wise, though, to invest in a home likely to suit your needs for more than a year or two. Other features to consider in your 3-5 year home needs plan are: home office, storage space, finished basement, flooring (floors can be replaced, but if you loathe carpet or have kids or pets, replacing flooring in an entirely carpeted home can be costly), location, proximity to good schools.
If you need an expert guide to help you buy or sell your home in Metro Denver, drop me a line. I’ve been working with individuals and families across Denver for 22 years, and I’d be happy to help you with all your residential real estate needs.
The Meyers Group