Wednesday, November 30, 2011

What Buyers Look For in a Millburn-Short Hills Home

In today’s housing market, home buyers want it all. With affordable prices and mortgage rates at their lowest in years, today’s Millburn-Short Hills home buyers are looking for the best deals and steals.  Home buyers know they can get more for their money, and expect their potential homes to have all of the best amenities and then some. Patios, porches, decks or outdoor rooms are a big plus in today’s home search, along with first-rate appliances and high-dollar counter-tops.

As a Millburn-Short Hills real estate agent, I have the benefit of hearing all of my clients wants and needs when it comes to buying a home, and have the inside scoop on how sellers are preparing their homes to sell. Before you list your Millburn-Short Hills home, there are a variety of curb appeal and interior enhancements to consider. If you are searching for a home in Millburn-Short Hills, compile a list of features you would like your new home to have. 

Before we jump the gun, here’s what today’s home buyers are looking for.

Homes in Good Condition: It’s no secret that a home in tip-top condition is more appealing than a home that needs some TLC. It’s also a fact that homes in good condition sell quicker. Many buyers demand a home that is well-maintained and eludes limited upgrades. Buyers don’t want an unknown expense looming over their heads, which is why they would rather spend the money for a home that’s move-in ready, rather than pay now for the house and more later for the fix-ups. While buyers have the funds to buy they may not have the funds to improve.

A Bargain: In this housing market buyers can get a lot more bang for their buck. They are also more focused on negotiating and drawing limits when it comes to price. A big part of real estate is strategy, and in today’s market, the buyers are catching on. If you’re selling your home and are hoping to sell at a fair price, it’s important to eliminate any obstacles that are in the way. That means updating, cleaning, staging and repairing are of upmost importance in selling a Millburn-Short Hills home.

Outdoor Living Space: What’s better than a relaxing warm night on your screened in porch in Millburn-Short Hills? When searching for a home, it’s quite appealing to find one that has an inviting outdoor living area. When a home already has this feature, it makes the home more competitive within the market. If a home doesn’t have it, but has room for expansion, that can be a perk as well.

A Touch of Luxury: It’s a fact. Buyers like luxury. In other words, they enjoy amenities that give off the feeling of “living large.” A popular feature that meets these criteria in high-end homes is coffee bars in the master bedroom. Imagine that! Your own private coffee shop in your personal space that brews your favorite blends 24/7. In less-expensive homes, updated features and high-dollar finishes are on the top of the list. For example, granite counter tops and stainless steel appliances in the kitchen or marble flooring in the bathrooms and laundry areas. If you’re not ready to make these somewhat larger enhancements, consider adding barstools to your counter space in the kitchen or recreational areas. It’s an inviting idea when buyers walk into a home and can imagine hosting a dinner party or get-together. 

While you may not be able to find all of these features in your home search (or if you’re selling you may not be able to provide them all) it’s important to consider your wants and needs before buying a home, equally as important to prepare your home for a competitive market if you are selling. For more advice on how best to prepare your Millburn-Short Hills home and for more information on beginning your home search, don’t hesitate to contact me! As your Millburn-Short Hills real estate resource, I am dedicated to guiding you through every step of the process.

Elaine Pruzon
Coldwell Banker Residential Brokerage
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