Outfit Your Property for the Modern Homebuyer

Senné Associates work with all kinds of buyers, from first-time prospective homeowners to experienced real estate investors. Over the years we’ve noticed some changes in our buyers’ “must-have” lists. 

The Construction and Development team at Senné keep these features in mind when designing developments and when advising clients who may be considering a renovation. We’ve put together a list of the top features that modern homebuyers are looking for. 

Energy Efficiency 

Whether it be for financial reasons or environmental, energy-efficiency comes up multiple times in surveys of homebuyers. Efficient appliances and ENERGY STAR rated windows are deemed essential for many buyers who would be unlikely to purchase a home without it. In the past 10 years, a growing percentage of potential homeowners are thinking critically about the impact they may be having on the environment and are looking to reduce their carbon footprint as much as possible. 

As housing prices rise, there is the added benefit of reduced utility expenses when appliances and warming and cooling systems are more efficient. We’ve found that additional features like electric vehicle charging capabilities may not be essential for a majority of buyers at this point, but it appeals to buyers who see an electric vehicle purchase in their future. Going above and beyond with environmentally-friendly selling points will set your property apart from the competition.

Laundry 

Above all, not having access to in-unit laundry pushes away the most buyers. In new construction homes and in renovated homes, laundry facilities are essential. A National Association of Home Builders’ report found that 91 percent of buyers require at minimum laundry room hookups. 

Abundant Space and Storage 

At the end of the day, homes need to be functional. Many of the details on buyer must-have lists are practical, including bonus storage space, double sinks, and pantries. While millennials aren’t buying homes nearly as large as their parents once did, it is still important to make good use of the space you have, particularly in smaller units closer to densely-populated urban areas. Buyers no longer want sprawling homes, but rather intelligently designed homes that keep their living needs in mind.

Outdoor Living

Since 2003, Americans have increasingly spent more time at home. Because of this trend, buyers want their homes to feel like an oasis. Outdoor space was identified by 87 percent of homebuyers as a highly-desired feature. When a home has a private yard or a well-kept patio, potential buyers can envision all the summer nights they can spend outside. In urban areas, this can be particularly important for buyers who may not have much access to green spaces. 

If you’ve been thinking about listing your home on the market, our experienced Senné Associates can help you get ready to sell and boost your home value. Contact us today at 617.314.9400 to start your sales journey.