The NAR® surveyed buyers and found that:
Buyers were usually “interested” or “somewhat interested” in a home featuring new appliances; about 17% of participants preferred stainless steel. The most crucial factor was the available appliances. Most buyers unable to get their sought-after appliances said they would have been willing to pay, on average, nearly $2,000 more on top of the home’s listing price. Prospective buyers want working appliances in a home they’re considering purchasing, and they will pay more if your home includes them, particularly if they are new, clean, and in excellent condition.
KITCHEN AND BATHROOM
Kitchens and bathrooms are pivotal rooms. These two areas can make or break a sale. When shopping for a home, many buyers want an updated, clean, appealing, and functional kitchen and bathroom. In fact, when considering a home purchase, most buyers look at and assess kitchens and bathrooms first before anything else. When considering home improvements, focus on these two areas to get the biggest bang for your buck. In most cases, upgrading the hardware and other kitchen and bathroom pieces will be worth it when you put your home on the market. Now, remember what I said about significant remodeling projects. Don’t assume that you’ll get dollar-for-dollar value if you undertake a substantial renovation project. Think back to that example of the unnecessary $20,000 kitchen remodel. Don’t make that mistake. You want to be aware of what constitutes a substantial investment. The key is to consider the mass appeal for the sake of resale value.
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