The Long Island real estate business can be tough and competitive. If you are thinking about selling your Long Island, New York home, it is wise to remodel and upgrade specific features. Now, most people would think this is just a waste of money and energy, but think again before selling your house.
In this article, you’ll find several features that a buyer wants in a Long Island home.
1.Home Security System – who doesn’t want to have their homes safe from harm? Approximately 50% of buyers want this feature in their future Long Island real estate. A wireless home security system is more affordable compared to the hard-wired one so always aim for the wireless. Plus, with today’s technology, a wireless home security system can be controlled and monitored remotely with an app using a tablet or smart phone. This feature will definitely attract buyer. Cost to install: $150 – $350
2.Walk-in Pantry – Not just any pantry, it should be a walk-in pantry! 85% of buyers are looking for this kind of pantry. Most families, specially the big ones, want additional storage space in their kitchen where they can also tuck away cleaning tools like brooms and mops. Cost to install: $100 – $300
3.Eat-in Kitchen –Approximately 85% of buyers want this feature. Family and friends gather naturally in the kitchen and what could be more convenient than eating right next to the place where you cook? Eat-in kitchens add to that “feel at home” vibe. Cost to install: $1,000 ++
4.Garage with Storage Space – Almost 90% of Long Island real estate buyers prioritize this feature. Since Long Island offers a lot of water activities, homeowners want a place where they can store their water sports equipment away. Compared to a backyard shed or an attic, a garage storage space is very much preferred since it is easily accessible. Having this feature as part of your upgrade is a plus! Cost to install: Approximately $2,500 – $3,000 for a 380-foot space. This upgrade cost includes additional cabinets and other storage means for tools, additional lighting and electrical circuits.
5.Energy Star Qualified Windows, Doors and Skylights – In with modern windows and out with the old. This feature is sought by more than 90% of buyers specifically because they want to save on utility costs. This feature also provides homes with consistent comfortable indoor temperature and its ability to reduce UV sun damage to furniture. Cost to upgrade: $300 -$1,000 per window, door, or skylight.
6.Outside Lighting or Exterior Lighting – This is the most-wanted feature by Long Island real estate buyers, at least according to the National Association of Home Builders. This feature is wanted for a lot of reasons which include safety, security, comfort, decor and curb appeal. Cost to install: $150 – $300 per fixture.
7.Separate Laundry room – a surprising 95% of buyers want this feature! Selling a home where the laundry is identified as to where it should be done is a huge plus! It saves the buyer the trouble of looking for a place or a room in the house where this task should be done. Cost to renovate: Approximately $3,000 – $3,500 for an 80-square foot space and that includes the replacement or installation of pipes, counters, sinks, etc.
Again, these things might be a drag for some sellers but if you want your house to sell faster in the market, you gotta give it a boost. Think about it this way: one step backward, one giant leap forward. All the best to your Long Island real estate selling pursuit!