This is a continuation of trends vs fads in real estate topic that I started in a previous post. The initial post emphasized general market trends. In this installment, I will emphasize what potential home sellers can do to improve their homes that will also attract home buyers.
When we invest in our homes there are almost always two goals in mind: we want to enjoy the changes ourselves, but we also want to know that what we do will have a positive impact on our home’s value when it comes time to sell.
The following are some trends that I try to dissect from fads that are more likely to be a passing fancy. Trying to differentiate between the two is more than a bit subjective. In this case, I’m trying to divorce myself from my own personal taste and focus on the input I have gotten from home buyers over the years.
With natural gas, electricity and oil taking bigger bites out of our wallets, going green is more for just the environment. Home buyers are thrilled when they see things like solar paneling and smart home features that let them regulate things like heating and cooling from remote locations. Given global warming issues and potential price spikes for energy, this is trend that is happily here to stay.
I know we all love those fancy huge showers with their multiple shower heads. Its a wonderful luxury, IF and only if it doesn’t displace the only bathtub in the house. Sacrificing a bathtub altogether for a large shower is something that could come back to bite you later on. There are substantial number of people who do insist on having a bathtub in a home. Families with small children still need bathtubs. Also, this is a trend that has a faddy aspect to it that may indeed pass. In the 80s and 90s, massive whirlpool baths were as popular as these large showers are today. Now they are considered space vampires and are often used as extremely extravagant towel hangers.
Wallpaper comes in and out of fashion. It’s back again. But there is one thing that never changes: NO ONE likes to remove it. It’s a messy, time consuming and potentially expensive job that turns a simple paint job into a monster for most buyers. So if you are thinking of sprucing up your home for a sale, try to avoid the temptation of wallpaper. Always remember that many an agent (including yours truly) has witnessed potential home buyers run away from the perfect house in horror because of how much of the stuff they would have to remove. If you must use wallpaper, try to limit it to a single accent wall – In one room only!
One of the good things to come out of the tiny house craze is that their efficiency relies on built-ins. This is something of throwback to the smaller homes of years gone by.
Older homes often have an array of nooks and crannies with pull-out drawers and shelves that are built into the original construction. We are rediscovering that built-ins are a great way to extend a small space into something more livable. Since smaller spaces are a trend, this is all to the good. Investing in permanent shelving and under-staircase storage and the like is a plus that won’t go out of style. Just keep it classic, keep it practical and as timeless as possible.
I know that several colorful stains are a new big deal in hardwood floors. Gray stains are very popular. Just be careful here. If you pick an unusual finish, make sure that it is something that can be sanded and refinished later should this trend turn fad on you. Nothing is worse than having hardwood floors stained in such a way that it can’t be walked back.
A cautionary tale on this topic…
About 4 years ago, I had two clients looking for a high-end townhouse. One really lovely home had one fatal flaw: pickled hardwood floors throughout. This finish was all the rage for about 5 years. Unfortunately, it was 2012 and not 1995. There is no fix for this finish except to pull up the flooring and start over. My clients rejected the townhouse based almost exclusively on the cost of pulling up and replacing all the flooring.
f you are redoing the kitchen and plan to sell within a few years, consider keeping the cabinets simple, clean and classic. I would also give a thumbs-up to natural wood with a nice stain.
Cabinets can be painted by buyers, but stripping paint off of kitchen cabinets is like trying to remove tons of wallpaper. Keeping them stained gives buyers the option to paint or not.
Think timeless, not trendy. In the 90s “Euro-style” cabinets were all the thing. Today, they are the curse for buyers and sellers everywhere. Sellers hope the other great features of their home will obliterate the negative impact of these cabinets and buyers can’t wait to rip those dated things out of the walls and replace them with something from this millennium. Looking to the future, some of the very slick cabinetry that looks great now, may go the same way.
These include the ever-popular granite, quartz, soapstone, and stainless steel are great choices. If you are thinking of resale down the road, you might want to stay away from more porous surfaces such as marble, as they stain easily. Tile is nice, but is high maintenance. Most buyers really like to see solid surface without grout lines.
There is nothing worse than getting in your partner’s way while getting ready for work in the morning. For baths that have the space for it, a double vanity is a winner that home buyers love. And if one partner is a bathroom hog, It’s also great for ensuring a long and happy marriage. Keeping divorce lawyers at bay is always money in the bank.
This doesn’t mean everything has to be dull. Nothing is a bigger turnoff than a sea of beige. Using contrasting neutrals works well for big-ticket items like flooring, cabinets and countertops.
For pops of color think area rugs, pillows, accessories. For a built-in colorpop, think of things that are easily replaced, like a colorful backsplash which is an inexpensive weekend project for a new buyer.
I hope these are some helpful ideas that get those of you who are thinking about selling fairly soon in touch with what today’s home buyers are looking for. Once again, though some of this is subjective, it is based on what I’ve seen over the years working with home buyers.
For those who missed it, here is the link to part 1 of Trends vs Fads in Real Estate.
© 2016 – Ruthmarie G. Hicks – https://thewestchesterview.com – All rights reserved.
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