4 OPTIONS THAT DELIVER THE GREATEST RETURNS TO CUSTOM HOME BUILDERS
Custom Home Options that Pay Off
Sometimes the proof is in the details. By paying special attention to the home features and options buyers value the most, custom builders can help ensure their projects command the highest price at the time of sale, while also protecting the buyer’s investment and value over the long term.
We’ve identified four primary areas where the addition of extras can really pay off.
According to real estate industry research, 80% of homebuyers say that energy efficiency has a somewhat to very important impact on their selection decision. In fact, Energy Star-rated appliances are at the top of the list of most-wanted home features, and an Energy Star rating for the whole home is very high on the list as well.
Beyond appliances, homebuyers prefer energy efficient features such as LED lighting, intelligent HVAC systems, and tankless water heaters. Also, it’s hard to go wrong with high-quality insulation and energy-efficient windows that reduce heating and cooling costs.
Smart home features.
Research also shows that between 65-85% of homebuyers are willing to spend more for homes with smart technology installed, with the Millennial generation representing the demographic group with the greatest interest in this area. Think about pre-wiring the home and installing some of the features that tech-savvy consumers want most – wireless home security systems, programmable thermostats, security cameras, lighting control systems, and wireless home audio systems, for example.
The design of the home itself is another important consideration, as 65% of homebuyers say the most influential characteristic when buying a home is “living space and number of rooms that meet their needs,” according to a study from the National Association of Home Builders (NAHB).
Prospective buyers tend to focus first on the number of rooms and details of the floor plan: 60% of homebuyers are willing to pay more for a walk-in closet in the master bedroom, for example, and 40% would pay more for an eat-in kitchen. Buyers also appreciate features such as flex rooms, garage storage and outdoor living space.
Beyond considerations related to the layout and flow of the home, buyers focus on quality and appearance when looking at most home components (such as flooring, doors, kitchen countertops, cabinets and carpeting) but also focus on brand name when it comes to appliances. More than 50% of prospective buyers would pay more for granite countertops in the kitchen, and 41% are willing to pay more for stainless steel appliances.
Finally, certain aspects of the structure of the home itself will appeal to homebuyers looking for long-term value in their investment. Quality materials used in windows, roofing and ventilation are key considerations for many homebuyers.
The foundation of the home cannot be overlooked in its importance to the performance of the structure over time. One new option from Tella Firma is an elevated slab foundation, which appeals to buyers in many locations due to its cost-effective solution that protects the foundation against movement in areas with unstable soil conditions.
The Bottom Line.
If you keep these four areas in mind when planning your next custom home build, it will likely pay off in the long run – for you and your buyer.