In today’s blog post we are going to discuss profitable home renovations. You are ready to sell your North Iowa home! Now you want to make sure that you get top dollar for your home and have it stand out from the competition. Although you probably do not want to spend more money on the home now that you are moving on, there are some renovations that offer great Return on Investment (ROI)! The data team at Realtor.com® analyzed a wide variety of amenities that help homes sell quickly and for the highest value. There are 5 major categories that they focused on: Electronics, Amenities, Exteriors, Interior Design, and Rooms. Find how each amenity ranked below.


Electronics

Making your home as smart and efficient can help attract buyers. Home buyers love convenience and modern features. Consider adding smart home technology, energy star appliances, and a security system.

Smart Home Features (#1)

  • Median Listing Price: $575,000

  • 2-Year Listing Appreciation: 82.6%

  • Average Days on Market: 80

Energy Star Appliances (#12)

  • Median Listing Price: $328,950

  • 2-Year Listing Appreciation: 26.6%

  • Average Days on Market: 121

Security System (#15)

  • Median Listing Price: $340,000

  • 2-Year Listing Appreciation: 11.5%

  • Average Days on Market: 127


Rooms

Buyers do not necessarily need a huge home. They just want a space that they can customize and best fit their needs. The rooms with hottest demands are finished basements, laundry rooms, and dining rooms.

Finished Basements (#2)

  • Median Listing Price: $289,000

  • 2-Year Listing Appreciation: 13.3%

  • Average Days on Market: 107

Laundry Rooms (#8)

  • Median Listing Price: $289,000

  • 2-Year Listing Appreciation: 15.6%

  • Average Days on Market: 115

Dining Rooms (#11)

  • Median Listing Price: $289,999

  • 2-Year Listing Appreciation: 11.6%

  • Average Days on Market: 119


Exteriors

Outdoor living spaces are just as important for home buyers. However, you do not need to go too extravagent. Basic features are still more desired by buyers. These include patios, front porches, and two-car garages.

Patios (#3)

  • Median Listing Price: $309,000

  • 2-Year Listing Appreciation: 12.4%

  • Average Days on Market: 108

Front Porches (#10)

  • Median Listing Price: $224,900

  • 2-Year Listing Appreciation: 21.0%

  • Average Days on Market: 119

Two-Car Garages (#13)

  • Median Listing Price: $313,350

  • 2-Year Listing Appreciation: 16.1%

  • Average Days on Market: 123

Interior Design

Be sure to focus on the interior design of your home. Home buyers are looking for plenty of closet space and eat-in/open kitchens. Consider renovating your home to make sure that these are top features in your home.

Walk-In Closets (#4)

  • Median Listing Price: $329,500

  • 2-Year Listing Appreciation: 9.9%

  • Average Days on Market: 110

Eat-In Kitchens (#6)

  • Median Listing Price: $235,000

  • 2-Year Listing Appreciation: 17.5%

  • Average Days on Market: 113

Open Kitchens (#9)

  • Median Listing Price: $299,500

  • 2-Year Listing Appreciation: 11.3%

  • Average Days on Market: 118


Amenities

There are certain aesthetic home features that home buyers particularly love in a listing. The top ones to make sure that your home has include hardwood floors, granite counter tops, and fireplaces (both real and artifical).

Granite Countertops (#5)

  • Median Listing Price: $329,000

  • 2-Year Listing Appreciation: 1.2%

  • Average Days on Market: 112

Hardwood Floors (#7)

  • Median Listing Price: $287,000

  • 2-Year Listing Appreciation: 14.8%

  • Average Days on Market: 113

Fireplaces (#14)

  • Median Listing Price: $329,900

  • 2-Year Listing Appreciation: 11.9%

  • Average Days on Market: 126

We hope this blog gave you a some helpful insights into profitable home renovations. However, we realize that you might still have some more questions. For more Home Selling Tips, give our experienced Team a call, visit our website, or check out our Facebook Page. We are here to help if you're considering Buying, Selling, or Investing in Real Estate in the North Iowa. Contact us today at 641-425-4900 or http://www.janefischer.com/.

Data source: realtor.com