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What are the most valuable features to look for when buying a house, and how can I prioritize them to get the best return on my investment
Garage door replacement: A new garage door can recoup 1035% of its cost at resale, making it a valuable investment.
HVAC conversion: Replacing an outdated heating and cooling system with a modern, energy-efficient one can recoup 100% of its cost at resale.
Solar panels: Solar panels are a desirable feature for many homebuyers, and they can recoup 103% of their cost at resale.
Steam oven: A steam oven is the number one feature that can boost a home's value, according to Zillow. Listings that include a steam oven sell for 37% more than expected.
Customized kitchen cabinets: Customized kitchen cabinets are a highly desirable feature, as they offer improved storage and organization options for homeowners.
Front porch, patio, or deck: A front porch, patio, or deck is the second most desired outdoor feature, and it can add significant value to a home.
Stainless steel appliances: Stainless steel appliances are a popular feature that can add value to a home, as they are durable and aesthetically pleasing.
Landscaping: Landscaping the front yard can significantly improve a home's curb appeal, which can increase its value and ability to sell fast.
Hardwood flooring: Hardwood flooring is a natural, allergen-free option that can add value to a home.
Tennis courts and inground pools: While not as common, tennis courts and inground pools are highly desirable features that can add significant value to a home.
When prioritizing these features, it's essential to consider your target market and the specific needs and preferences of homebuyers in your area. For example, if you're selling a home in a family-friendly neighborhood, a backyard pool may be a more valuable feature than a front porch. Similarly, if you're selling a home in an eco-friendly community, solar panels may be a more valuable feature than stainless steel appliances.
Ultimately, the key to maximizing the return on your investment is to understand what features are in demand in your local market and prioritize those features in your home improvement projects. By doing so, you can increase the value of your home and attract more potential buyers when it's time to sell.
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