The real estate market is still hot and inventory of homes for sale is still low. With considerably more buyers than homes available for sale, many buyers are pulling every trick in the book to get sellers to choose their offers. Many sellers think they don't have to update or upgrade their homes in order to sell them. While this might be partially true, buyers will pay top dollar for homes that are upgraded, updated and have new features. This is especially true of big-ticket items. When a buyer walks into a home for sale, they are looking for certain new big-ticket. Among the hottest tickets are:
New Windows
New windows are one of the biggest ticket items buyers are looking for in a home older than fifteen to twenty years old. The cost for replacing windows depends on the window type, materials and location of the windows. In an article written by Lauren Lloyd and Lexie Pelchen on Forbes.com called How Much Does a Window Replacement Cost?, "The average price of replacing a mid-range double-hung window is about $600, but that number can range from $200 to as high as $1200." It is advised to replace your windows with the same or higher quality windows, so your home value is sure to improve. The same article discusses the different window frame materials such as aluminum, wood, vinyl, composite and fiberglass. It also discusses window types, such as picture windows, single-hung, double-hung, casement, sliding, skylight and storm. There are also different energy efficiency and glass types to choose from as well.
New Heating, Ventilation and Air Conditioning
Average life expectancy for furnaces, central air conditioners and other HVAC systems typically last approximately 15 to 20 years if maintained properly. Some may last longer. According to homeadvisor.com, "Full HVAC unit replacement costs range from $5,000 to $10,000, with the national average at $7,000. This comes out to about $25 to $60 per square foot. Prices depend on the size and brand of the HVAC system, the size of the house, ductwork length, and the new unit's efficiency rating."
Sparkling New Kitchen Appliances
The cost for new kitchen appliances can really add up as well. Today's buyers are looking for upgraded and updated kitchen appliances. Stainless steel appliances are still trending. There are many price points for new appliance sand they are dependent on brand, size and energy-efficiency.
Flooring Refresh
Homes with outdated and worn flooring aren't valued as much as homes with new, updated flooring choices. Flooring types can include carpeting, tile, hardwood, laminate and more. As it seems like there are endless choices of flooring to select for you home, a home design or flooring store can help you with the right choices.
Kitchen and Bathroom Updates
Kitchen and bathroom updates and rehabs bring a lot of value to homes. Quartz and granite are the trending materials for countertops. Real wood cabinets are the costliest, when it comes to kitchen cabinets replacement.
Today's buyers prefer move-in ready homes that are updated and have today's trending upgrades in them. They are willing to pay dearly for homes like these. If you are looking to sell your home, add a few of these new interior big-ticket items in your home and watch your home value soar.
