Are you looking to buy an investment property to sell or to rent out? Buying a house as an investor is a lot different to buying a home as an owner-occupier. If you are buying an investment property you should know the property featuresthat homebuyers are looking for so you will be confident about the future marketability of your property.
So what are the features buyers look for in a house? Here are some things to take note of:
1. Natural light
A lot of home buyers want natural lighting in their homes which is why you shouldn’t underestimate this property feature. You want to find a property that has a good source of natural lighting. Houses that are north-facing, have an adequate amount of windows or even skylights are best. If your current property doesn’t have enough natural lighting, you can renovate the existing windows to help bring in natural light better.
2. Modern amenities
Homebuyers are looking for amenities such as a modern kitchen, a modern bathroom, laundry room, appliances and more. Fittings and fixtures in the kitchen and bathroom should be up to date along with the kitchen’s countertops and appliances. It can also help to have a nice island bench in the kitchen that can be used as an eating space. Updated amenities can attract a lot of home buyers to your investment property.
3. Open floor plan
Open floor plans are the trend today in house designs. Gone are the days when houses had separate living rooms. People want to be more collaborative, social or to do more things in one single space which is why an open floor plan is the property feature a lot of homebuyers are looking for in a house.
4. Ample storage
A lot homebuyers have ‘ample storage’ in their house features checklist. So you should have this on your checklist too. Essentially, you want to have a pantry, a linen closet, and a storage area or cabinets in the laundry room, garage, and other rooms. Having a walk-in closet in the bedroom can also help in selling your property faster.
5. Hardwood floor
Carpets are great but more buyers prefer hardwood floors over carpets. Some may be allergic to carpets and some just prefer to put a rug over the hardwood floor. Plus, hardwood floors work well with an open floor plan.
6. Home office
Another selling point that can appeal to many homebuyers is a home office because many people are working from home nowadays as technology continues make work more mobile. So make sure to stage a room that can help prospective buyers visualise a home office.
7. Eco-friendly features
Energy efficient houses attract a lot of buyers, because they are looking to save money in their utility bills. The property should have insulation, low-flow showerheads and faucets, solar panels if possible, and other energy-efficient features.