In today’s booming housing market, it’s crucial to stand out from the competition and appeal to as many homebuyers as possible. You want your home to sell quickly and for top dollar, right? To help incite multiple offers, and possibly start a bidding war, you may need to do some home upgrades to make your home more desirable than the home listed for sale down the street. But, what sort of home trends and features are most popular in your market with today’s buyers?
From indoor fireplaces to recessed lighting, consumer taste often varies state-by-state, or even by city. Someone living in Seattle won’t desire a backyard pool as much as someone living in Phoenix, after all. So, if you want to get the most bang for your buck, check out these five home remodeling trends that are currently the most popular with homebuyers in Texas.*
1) Walk-In Closet
Once considered a feature only found in luxury homes, walk-in closets have become increasingly popular over the years and have now become one of the more important rooms in any home. In fact, homes in Texas with this feature sell for 99% of asking price. These large closets typically have space for hanging your clothes and shelves for clothes, shoes, and jewelry.
Depending on the size of the closet, they’ll sometimes even have a lounging area. It’s common to see homeowners convert a spare room into a large walk-in closet that is highly functional, practical, and spacious. But, even with the rise in popularity, only about 20% of homes for sale have a walk-in closet. Consider adding a walk-in closet or converting an existing room into a large closet to stand out from other listings.
2) Ceiling Fan
With the Texas climate, it’s no surprise that ceiling fans are ranked as the second most popular home feature with today’s buyers. Still only about 14 percent of homes for sale in Texas have this feature. If you’re looking to attract more potential homebuyers, it might be time to install ceiling fans. They’re useful in keeping homeowners cool in warmer climates, but they also have many other advantages such as energy conservation, versatility, illumination, and year-round value. With ceiling fans, you can also enhance your home’s decor at an affordable price while keeping everyone cool and comfortable.
3) Covered Deck
If your outdoor space doesn’t have a cover, it may be time for an upgrade. Many homeowners in Texas prefer a covered deck or patio so they’re able to enjoy the outdoors all year round, but only about 15% of current homes for sale have one. A covered deck will offer shade so you can relax without being directly exposed to the sun’s rays, rain, or any other outdoor elements. It’s no wonder that outdoor living spaces are all the rage.
4) Security Cameras
Homebuyers nowadays are always looking for a way to boost home security and provide a peace of mind. In fact, listings with security cameras sell for almost 99 percent of list price on Redfin.com. Security cameras can be found all around neighborhoods as the demand for high-tech home security increases. These systems are now more powerful and affordable than ever before. Security cameras can deter crime, lower homeowners insurance, notify of gas or fire problems, offer remote access to your home, and more.
5) Breakfast Bar
A common, and often inexpensive, upgrade homeowners often opt for is adding a breakfast bar in the kitchen. A breakfast bar provides more counter space, additional space to entertain, as well as extra space for eating. Homes with breakfast bars have a median listing price of $364,900, almost $39,000 more than the average list price in Texas.
*Per home listing data on Redfin.com, as of November 2020.
Individual results may vary. This is not intended as a substitute for the services of a licensed real estate agent, or licensed and bonded home services professional or appraiser.