Realtor.com® Reveals Top Price-Boosting Summer Home Features
Realtor.com® Reveals Top Price-Boosting Summer Home Features Outdoor showers garner the highest listing premium, while barbecues, backyard fireplaces and fire pits and pools add to home value |
[22-June-2018] |
SANTA CLARA, Calif., June 22, 2018 /PRNewswire/ -- With summer heating up, a new analysis from realtor.com®, The Home of Home Search℠, shows homes with amenities geared toward summer activities have major appeal for buyers. In fact, homes with summer features are often listed with at least 10 percent higher prices than similar homes in the same state. In rank order, the summer features correlated with highest price per square foot boost when compared to similar homes without it include: outdoor showers with a 97 percent price per square foot premium, barbecues with a 26 percent premium, entertainers pool or spa with a 26 percent boost, fire pits or outdoor fireplaces with a 25 percent jump, and zoned sprinklers that offer a 21 percent lift. "Buyers love special features that enable them to get the most out of the summer months, and are willing to pay more for a home that has them, according to our analysis," said Javier Vivas, director of economic research for realtor.com®. Realtor.com® looked for common summer-related terms in listings of single-family homes listed for $150,000+ that appeared on realtor.com® in May 2018. Outdoor showers power prices Homes with outdoor showers tend to list for nearly double the asking price per square foot of other homes. In some states, the added value is even more pronounced: In New York, homes with an outdoor shower list for 256 percent more per square foot than other for-sale homes. Massachusetts has by far the largest proportion of active listings featuring outdoor showers, at 8.9 percent. Barbecues, fireplaces and fire pits all heat up listing prices Homes with barbecues are 26 percent more expensive than similar homes without them. Buyers in just about every state can expect to pay more for homes with this feature, with Utah homes mentioning barbecues listing for 58 percent more per square foot than the typical home in the state. On average homes that offer fireplaces and fire pits are priced 25 percent higher than similar listed homes in their area. They're most popular in Indiana where 7.2 percent of all listings mention them. Following closely behind are North Carolina, Idaho and California, each with proportions above 5 percent. Entertainer's pool or spa keeping partygoers cool in Florida, California, Arizona and Hawaii Entertainer pools are most popular in Florida, where they were mentioned in more than 3 percent of listings. California, Arizona, and Hawaii follow closely, with mentions in just over 2 percent of listings. For the full report, with full top 10 lists by amenity please visit: https://www.realtor.com/research/top-price-boosting-summer-fun-home-features/ About realtor.com® Media Contact: Tammy Lee View original content:http://www.prnewswire.com/news-releases/realtorcom-reveals-top-price-boosting-summer-home-features-300670593.html SOURCE realtor.com | ||
Company Codes: NASDAQ-NMS:NWSA, NASDAQ-NMS:NWS, Australia:NWSLV, Australia:NWS |
© 2018 PR Newswire. All Rights Reserved.
#content-news .main-news{color:#737373;font-size:14px;line-height:inherit;text-align:inherit}