If you’ve been involved in residential real estate for very long, you’ve undoubtedly realized that sometimes great amenities can make all the difference between properties that languish on the market and properties that sell like hot cakes. Each selling season sees its own set of most-desired amenities, and for fix-and-flip investors, it’s vital that you have your finger on the pulse of what homeowners want right now.
As our lifestyles continue to evolve thanks to the coronavirus pandemic and a trend towards remote work, the amenities most desired by buyers reflect these changes. Here’s our list of five must-have amenities that will ensure your next investment property is a success.
1. Large, Open Floor Plans
As in recent years, the open floor plan still reigns supreme. Homeowners want airy, wide spaces for family time and entertaining—and bonus points if your open-concept living area also gets great natural light.
2. Picturesque Outdoor Spaces
One thing we all learned from our time in quarantine in 2020? The value of a great outdoor living space. Large yards, patios, gardens, and grilling areas are the top of mind for most buyers right now, especially for families with children.
3. Integrated Technology
With each passing year, technology becomes a more and more integral part of our lives. Buyers are accustomed to walking around with computers in their pockets, and they want that same level of access and convenience in their homes. Features like automated lighting, high tech security systems, regulated temperature control, and irrigation will help your property stand out from the rest.
4. Flexible Bonus Rooms
Bonus rooms have always been a great selling point, but as more and more families shift towards working and schooling from home for the long run, extra space will be huge selling point. Bonus rooms can be marketed as offices, fitness rooms, yoga and meditation rooms, libraries, playrooms, guest rooms . . . The list goes on and on.
5. Spa-Like Bathrooms
The trend towards large, luxurious bathrooms continues in 2020. Look for features like walk-in showers, large tubs, double vanities, two-person showers with seating, and heated floors if you want to really wow your prospective buyers.
Wondering how you can update your investment property with some of these must-haves?
We’d love to work with you on financing! Find out more about how we can work together to fund your upcoming purchases or renovations HERE.