If you’re a homeowner who has any plan of selling your home in the future, then it pays to know what your target market may look for when you’re finally ready to make a sale. If you own a mid-range home, then your most likely future home buyers will be millennials. This is an important detail to note if you have plans to renovate your home or update it before a sale. You’ll want marketable features that will make your home more attractive to your target buyers if you want to increase your home equity or go for updates with the best value. Below is a list of popular home updates that millennials are looking for.
Larger Kitchen Areas
Home buyers these days are a fan of the open layout concept. More so, the kitchen is no longer perceived as a private room of the house. It is now common for families and friends to use the kitchen as the main hub for gatherings. Making the kitchen more open and spacious is a no-fail home update, specially if wanting to sell to millennial home buyers.
Smart Home Features
If you’re looking for home updates that give a great boost for home equity, you can’t go wrong with incorporating smart home features. Not only are millennial home buyers a fan of this kind of home update, but you’ll also surely enjoy living in such a home before you sell.
The bathroom is usually how you can tell if a home is particularly old or dated. By updating the bathroom with either minor upgrades or a full renovation, you can change the look and feel of the entire house.
Home Office Space
You don’t need to have a closed off room to have a beautiful and functional home office. If you can dedicate a space for working at home and add more storage, this home update will surely attract future home buyers. In fact, you might never want to sell your home after!
Energy Efficient Features and Appliances
It might hurt your wallet to pay for home improvement more so when you will be using your home equity. However, going for energy efficient appliances and features is an investment that will pay for itself. It adds value to your home equity and helps you save money while the home is still yours.
Most people do not think of adding more storage when trying to find home improvement ideas that provide the best value. A home with a huge storage capacity gets a bump up in home equity because built-in storage can make the home seem more spacious and refined.
Dedicated Laundry Rooms
Believe it or not, even those who are looking for smaller homes can appreciate a home with a dedicated laundry room. It keeps the whole home a lot more organized and better functioning overall.
Are you planning to use your home equity for renovations or just looking for home improvement ideas that provide the best value when building your home equity? If you’re a bit short of cash and need help with any of these, contact us today!