According to the National Association of Realtors, some renovations pay off more than others -both in the time a home takes to sell, and in the money you can recoup.
“That means a quick transition into your dream home,” advises Jessica Lautz, managing director of survey research at the National Association of REALTORS®. But which renovations are the best?
Hardwood flooring remains the biggest draw among buyers of all generations according to an analysis of popular home features. Listings with hardwood floors have appreciated 14.8 percent since 2015.
Realtor.com® looked at 40 of the most common home features and analyzed applicable listings to find which homes sold in the fewest number of days. For this study, researchers used days on market as an indication of demand for a home feature. The following were the top features uncovered in the survey:
1. Smart-home features (smart thermostats, refrigerators, and locking systems)
2. Finished basements
4. Walk-in closets
5. Granite countertops
6. Eat-in kitchens
7. Hardwood floors
8. Laundry rooms
9. Open kitchens
10. Front porches
11. Dining rooms
12. Energy Star appliances
13. Two-car garages
15. Security systems
To see the full report and learn more about each of these features and why they’re great for resale, visit realtor.com