7 Features That Help a Home in Albuquerque Sell Faster
Homes that have features sought out by buyers tend to get more competing offers in less time. A homeowner who is considering selling or one who is already involved in the process of preparing a home in Albuquerque for sale should be aware of features that raise interest among homebuyers. Here are seven features that can speed up the sale of houses located in Albuquerque, Rio Rancho and surrounding areas.
1. An Up-to-Date Kitchen for a Home in Albuquerque
The kitchen is often the first part of a residence that potential buyers want to see. The design of this room and the age of appliances often offer a good indication of the condition of a home. Houses with modern kitchens that are practically designed tend to sell faster than those with kitchens that buyers view as fixer-uppers.
If you think remodeling your kitchen could make your home more appealing, it is important to know that you are unlikely to recoup all of your costs when you sell. According to the 2021 Cost vs. Value report published by Remodeling Magazine, sellers recoup anywhere from 48% to 94% of projects, on average.
2. Smart Home Features Suggest Future Potential
A house that is shown with smart security features or smart home devices connected to the Internet of Things tends to appeal more to younger homebuyers, who are more tech-savvy than older demographics. Some homes have high-tech features such as fiber internet or solar installations that are set up as turnkey solutions that transfer ownership with the residence.
Security is one of the most important systems for a home in Albuquerque. While a homeowner may not want to invest in a hardwired turnkey system, and some buyers opt to use do-it-yourself security systems with cellular uplinks and monitoring packages, focusing on smart ways to keep a property secure and safe can pay off by preserving the value of the property until sale.
3. Green Home Upgrades Are Desirable Features
Some of the most popular green home upgrades for a home in Albuquerque include energy-efficient lighting, solar energy installation and xeriscaping. Having solar panels and equipment installed is the most expensive of these upgrades and can cost upwards of $20,000. The cost of xeriscaping starts around $3,000, based on the size of the area you plan to convert and other factors related to installation, material and irrigation.
Efficient lighting is one of the most affordable upgrades a current owner can make in preparation to sell a home, but it also has the lowest impact on the sale price of these three upgrades. It is still a popular choice among buyers, with 80% considering efficient lighting essential or desirable, including 31% who consider it essential and 49% who consider it only desirable.
4. A Full Bath on the Main Level Allows for Ease of Access
Regardless of the age of buyers, a full bathroom that is easily accessible can be a strong selling point. A study that included more than 70,000 properties found a clear correlation between the number of bathrooms in a home and the asking price. This data supports the common rule of thumb that the optimum number of bathrooms is one fewer than the total number of bedrooms, or that a three-bedroom house should have at least two bathrooms.
A multi-story house that has a bathroom with at least a shower stall on the ground floor is more likely to appeal to middle-aged and older homebuyers. Buyers who are looking for a property in which to age in place may consider a ground floor bath to be a deciding factor in favor of a particular home in Albuquerque.
5. Outdoor Features Are Often a Deciding Factor
The parts of a property that are situated out of doors can end up selling a home in Albuquerque. A ranking of 15 features that sell homes faster and for higher values suggests that outdoor features such as garages, solar panels, exterior lighting, tennis courts and in-ground pools can shorten the time to closing.
New Mexico has ideal patio and porch weather, and both of these architectural features can also be enhanced to increase the curb and overall appeal of a home. In the 2021 What Home Buyers Really Want report, the National Association of Home Builders found that 33% of buyers consider patios essential, while 49% consider this feature desirable. Front porches received similar rates of response, with 34% of buyers requiring a front porch and an additional 47% considering porches to be desirable.
6. Activity-Specific Spaces Can Appeal to Young Buyers
Another approach toward upgrading a home in Albuquerque for sale involves designating spaces for specific types of activities. The same Realtor.com ranking of profitable features for boosting home value includes a theater room, home gym, home office, and mudroom, all of which are designated spaces.
Many million-dollar homes in Albuquerque have designated spaces for activities. This feature is less common in single-family homes, though it is increasing in popularity. A realtor can recommend whether it is worthwhile to change the usage of a space in anticipation of staging your property for sale.
7. Capture the Charm of Your Home in Albuquerque
Distinctive regional building styles can appeal to a buyer shopping for a home in Albuquerque. This city and the state of New Mexico are known for historical Pueblo architecture, the later Territorial Style and revivals of both styles. New builds continue to draw on these influences with design elements such as rough-hewn wooden beams called vigas, kivas or circular ceremonial rooms situated partially or fully below ground, and enclosed courtyards or plazas.
Based on the latest national and regional real estate market research, these features typically increase interest in a home in Albuquerque among likely homebuyers and can lead to competing offers and faster sales. If you are a homeowner considering selling, contact Myers & Myers Real Estate to discuss the most effective ways to raise demand for your home based on location and any existing or planned features.
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