Unlock Higher Home Values: Zillow Reveals 2024's Must-Have Features for Buyers

A recent analysis by Zillow has identified specific home features that buyers are willing to pay a premium for in 2024. By examining nearly one million home listings from 2023, Zillow's report pinpoints architectural details and outdoor amenities that not only increase a home's sale price but also speed up the selling process.

Key Takeaways

• Outdoor features, particularly an outdoor TV, can add significant value and shorten sale times.
• Modern architectural elements like rounded corners and specific flooring such as terrazzo tile are in demand.
• "Dated" features like tile countertops can negatively impact a home's perceived value.

Features That Command Higher Prices

Zillow's research indicates that certain features can significantly boost a home's sale price. The most impactful outdoor amenity identified is the outdoor TV, which can add an average of 3.1% to a home's value, translating to an extra $10,749 for the typical U.S. house. Other outdoor enhancements that contribute to higher sale prices include:

• Outdoor showers: Can increase home value by 2.6%.
• Bluestone patios: Contribute an additional 2.3% to the home's value.
• Outdoor kitchens: Add an average of 1.7% to the home's value.

Architectural Trends and Faster Sales

Beyond outdoor living spaces, specific architectural and design elements are also influencing buyer decisions and market speed. Homes featuring rounded corners in their listings tend to sell approximately six days faster than comparable properties. Similarly, mentioning a "plant ledge" in the listing description can shave about five days off the market time. Terrazzo tile is another feature associated with quicker sales, with homes featuring it selling about four days faster.

Features to Avoid

Conversely, the Zillow report also highlights features that can deter buyers or lead to lower sale prices. Listings that mention "dated" elements such as tile countertops or laminate flooring can decrease a home's value by at least 1%. Sellers should be mindful of these outdated features when preparing their homes for the market.

Outdoor Amenities for a Quicker Sale

In addition to boosting sale prices, several outdoor features can also accelerate the selling process. Picket fences, artificial turf, and saltwater pools are noted for their ability to make homes more attractive to buyers and reduce the time they spend on the market.

Sources

• Backyard Features Could Help Your Home Sell For $10K More, Apartment Therapy.