Wondering what the HOTTEST Home Improvements and Interior Updates are in North Texas Right Now?
No doubt you can find a number of magazines and websites with articles on the best updates for resale. The problem with these articles is that they focus on the national or global scale. If you’ve ever renovated your home and then tried to sell it, you especially, know that $ in does not equate to $ out. That being said, it’s important to know what updates are behind the fastest-selling homes in your specific area when considering renovating your home.
Based upon multiple economists predictions, the housing market in Texas will continue strong in 2017 due to two dominating factors: 1) The ever-increasing demand in housing in housing from the ever-increasing group of first-time home buyers, and 2) the continued job-growth. While the upper-end luxury real estate market has tapered off, the demand for housing under $350,000 has increased more than ever. With that demand, comes a younger crowd with different wants an needs. When considering selling a home, or considering renovating to get the most money for your home, its important to know what’s driving the wants / needs of these consumers to get the best “bang for your buck”!
It’s important to understand what is going on in your local market to know how you stand up next to the competition. Based on a survey from yours truly 😉 of homes sold in North Texas (that went under contract within a week of being listed and sold for more than list-price), there was one dominating factor: a move-in ready home. With the growing number of younger home-buyers in our local market, I might also be so bold as to suggest that we can get a little “trendier” with updates to appeal to the current consumer opposed to the normally recommended “neutral traditional” winning the cake. I don’t have to tell anyone that Millennials have a reputation for being BOLD. They want a move-in ready home with character. (Note: I am not suggestion you do not need to repaint those purple and red accent walls; there is still something to be said for mass appeal and knowing what is popular in a given location within a specific price-range). We must know our audience to know how they will perceive our product! How does one do this you might ask?
ASK YOUR LOCAL REALTOR
So what “are” the sought-after updates that are helping homes in North Texas sell faster than their competition (and for more money?!)
- Open Floorplans / Open Concept (I KNOW; surprise for me too!! ;0)
Knock that Wall Down! People crave space they can relax and entertain in…
We are also still seeing a lot of “greige” paint in homes, with the aid of Revere Pewter…
2. Gourmet Kitchens with Gas Ovens, Huge Islands that Double as Breakfast Bars
….don’t forget the “trendy pendant lighting” over the bar…
3. Hardwood Flooring
(The tile-like hardwood is a GREAT substitute-especially in areas with moisture, and makes for a great, less-expensive route with the look of real hardwood!)
4. Brick Accents and Limestone Washed Fireplaces
5. Subway Tile Back Splash
6. Mature Trees
Homes for Sale in Richardson, Homes in Eldorado in Mckinney and other areas of Collin County offer lush, treed lots. Search for yours here!.
7. New Roof
It probably does not surprise you that living in Texas, one might consider a new roof a definite “plus” when searching for their next home. If your roof is in need of repairs, contact me! I will be able to refer you to various roofers in DFW whom my clients have had great experiences with!
8. New Front Door – The Mission-Style Door
Is there any surprise that consumers value a new front door as a sought-after amenity on their “must-have” list? A simple investment that can instantly transform the exterior look of the home by adding life to curb-appeal, as well as the immediate foyer area by allowing natural light to cascade in, creating more of a “homey” and “open” feel, this is a can’t lose investment when considering renovating your home. (The mission style door, shown below, seems to make quite the appearance in renovated homes in Collin County right now). This should be a shoe-in considering that most people make their first impressions within 7 seconds. These pertinent seconds could be the seconds that decide if the buyer wants to even “come in” to your home or not…
**Don’t forget that “pop” of color next to your door to make your home feel inviting and well-cared for!**
CONSIDERING SELLING IN NORTH TEXAS?
Wondering how much your current updates could get you when selling a home? Wondering what to do to your home to get top dollar?
Contact me today to listen to your goals / discuss options to meet your goals!
Amy S. Arey, Realtor | Halo Group Realty, LLC | 214.901.1341-Cell