Trending Additions to Your Home That Can Increase Home Value and Buyer Interest
Oct 8, 2024
Homeowners are constantly looking for methods to improve and raise the value of their houses.
Forbes reports that the median U.S. home price hit $412,000 in September 2023, reflecting a 2% increase over 2022. This growth happened despite having 300,000 fewer homes on the market, underscoring how high demand is driving prices up. Adding features like energy-efficient appliances or luxurious bathroom upgrades can make a big impact on your home’s final valuation.
Certain home additions are trending right now, attracting both buyers and those looking to invest. Some upgrades add luxury, while others focus on practicality. Modern buyers are drawn to spaces that offer functionality without sacrificing comfort.
If you’re planning to sell, understanding which features resonate most can help you make smarter decisions. Ultimately, whether you’re upgrading for yourself or potential buyers, it’s important to consider what adds the most appeal and value.
The Connection Between Buyer Interest and Home Selling
Statista highlights that four million transactions of existing homes, including single-family homes, condos, and co-ops, were done in 2023. Experts predict that the housing market is on track for recovery, with home sales expected to increase over the next two years. The number of sales is forecasted to reach 5.6 million, signaling a strong rebound for the real estate market by 2025.
For homeowners looking to capitalize on this trend, understanding the connection between buyer interest and home selling is essential.
Buyer preferences can significantly influence the value of a property, making it essential to stay attuned to trends and features that attract potential buyers. As homebuyers increasingly seek properties that offer comfort, luxury, and modern amenities, homeowners can enhance their selling potential by incorporating desirable upgrades.
This helps appeal to a broader audience and positions the home favorably in a market where unique features can make all the difference. Sellers can make informed decisions that ultimately lead to faster sales and better offers by recognizing which additions resonate with buyers.
Sellers can make the process even faster by leveraging services that utilize technology to streamline real estate transactions. These platforms often provide valuable tools, such as virtual tours and data analytics, allowing sellers to showcase their homes more effectively. Sellers can attract more potential buyers, increasing the likelihood of quicker sales by presenting a well-staged home online.
Let us now take a look at some trending upgrades that can enhance home value and appeal to today’s buyers.
Open-Concept Living Areas
One of the most in-demand home trends is the open-concept living space. Buyers are looking for homes that feel spacious, bright, and welcoming. You create an open flow that allows for better interaction and movement throughout the home by eliminating walls between the kitchen, dining, and living.
The Spruce states that open floor plans have long dominated new home designs, with nearly all modern homes incorporating some version of this layout. The removal of partition walls between spaces like kitchens, dining rooms, and living areas can increase property values by up to 7.4% annually. However, while popular for improving traffic flow and creating shared light, this design can be costly to heat and cool.
This layout is perfect for families and those who enjoy entertaining, as it enhances both visual appeal and functionality. An open-concept design also gives homeowners more flexibility to decorate and personalize their space. This makes it more attractive to buyers who prioritize both modern aesthetics and usability.
How do open-concept spaces affect heating?
Open-concept living spaces offer better traffic flow and natural light, but they can be more expensive to heat and cool. Without walls to contain the air, temperature control becomes more challenging, often leading to higher energy consumption. Homeowners should consider energy-efficient solutions to maintain comfort while managing costs.
Luxurious Bathroom Upgrades
According to ThermaSol, bathrooms have evolved beyond simple, functional spaces into personal relaxation retreats. Modern buyers are looking for luxury, and upgrading your bathroom with spa-like features can significantly enhance your home’s value. For example, installing a steam shower offers both health and wellness benefits, such as stress relief and improved circulation.
Steam showers create a soothing environment that promotes relaxation while providing therapeutic benefits. The moist heat of a steam shower can help with muscle tension, respiratory issues, and skin hydration, making it popular among health-conscious homeowners. Many modern steam showers also come equipped with additional features like aromatherapy, lighting controls, and audio systems.
Steam showers can be designed to complement the overall aesthetics of a bathroom, with options ranging from sleek glass enclosures to beautifully tiled interiors. Some models even offer programmable controls that allow users to set their preferred temperature and duration, ensuring a customized experience each time.
This level of personalization can be a significant draw for buyers, particularly those looking for a modern home that caters to relaxation and wellness. Incorporating a steam shower as part of your bathroom upgrades enhances your home’s appeal and positions it as a health-conscious choice.
In addition to steam showers, saunas have gained popularity as essential bathroom upgrades that offer relaxation and wellness benefits. Saunas provide a unique environment for users to unwind and de-stress, promoting both physical and mental health. The dry heat of a sauna helps to increase blood circulation, relieve muscle tension, and reduce stress levels. Many health experts suggest that regular sauna use can also aid in detoxification, as sweating helps eliminate toxins from the body.
Architectural Digest mentions that a steam shower and sauna both offer relaxation through heat, but they differ in how they generate it. Saunas use dry heat from rocks or a stove, with optional low humidity, while steam showers provide nearly 100% humidity. Steam showers may feel hotter faster, even though saunas reach higher temperatures, as the steam intensifies the heat’s effects on your body.
Additionally, large soaking tubs, heated floors, and rainfall showerheads elevate the bathing experience, making your home stand out in the market. A luxurious bathroom is often a strong selling point, particularly in high-end properties, where buyers are looking for comfort and indulgence.
What are the costs involved in adding saunas?
Installing a sauna can vary in cost depending on the size, materials, and features. Traditional saunas may require more construction work, while prefabricated units are quicker to install. Homeowners should consider both upfront expenses and ongoing maintenance, as saunas also increase energy consumption.
Energy-Efficient Smart Home Features
As sustainability is becoming increasingly important, energy-efficient and smart home technologies are trending additions that buyers are actively seeking. Homes equipped with smart thermostats, energy-efficient lighting, and solar panels are eco-friendly and also reduce utility bills.
For tech-savvy buyers, smart home systems that allow control over lighting, security, and temperature via a smartphone add significant value. These features appeal to buyers who are conscious of their carbon footprint and prefer the convenience of modern technology. Investing in these upgrades enhances your home’s marketability while leading to long-term savings for homeowners.
Can smart home features enhance resale value?
Yes, energy-efficient smart home upgrades can significantly increase a property’s resale value. Buyers appreciate features like smart thermostats and security systems, which offer convenience and lower utility bills. These additions can attract tech-savvy and eco-conscious buyers, making homes more appealing on the market.
If you’re looking to increase your home’s value and make it more appealing to potential buyers, consider adding some trending upgrades. Features like open-concept living spaces, luxurious bathroom amenities, and energy-efficient smart home technologies are hot right now. These enhancements improve your home’s style and create a more comfortable living environment.
You can position your home for a quicker sale and potentially boost your return on investment by keeping an eye on what buyers desire. Upgrading with these popular features can truly make your property stand out in the market.