This has been a record-breaking year for real estate, with median sale price up 22.2% since last year. Making the most of investments is a must for any profitable real estate investor. One easy way that investors or homeowners can sell for more is with the top 2021 home trends.
Now that we are almost halfway through the year, the latest buyer trends are showing what features they love! Redfin shared the top ten home improvements and design trends found the most popular trends that have proven to sell for more and are here to stay!
Make more for your home with these top 2021 home trends that sell your home for more.
Home Office
Working from home has been the new normal for quite some time, and many potential buyers are looking for homes that accommodate this. Home Offices are the most popular 2021 home trends that sell!
Buyer demand for home office space has accelerated during the pandemic. In a realtor.com® survey conducted this summer, 63% of respondents indicated that they plan to buy a new home in light of their ability to work remotely.
On average, listings featuring a home office command a 3.4% price premium and sell nine days faster than listings without one, according to realtor.com data. Redfin reported that Homes with a home office had a Sale-to-list ratio of 100.4%. Additionally, over 22% of homes for sale had a home office listed and reported an average of 481 views.
Home offices offer many important uses for potential buyers and are the top search for new buyers. You can easily create a home office in your flip by converting the smallest bedroom in a home to a home office and staging it appropriately.
You can also create unique home offices under stairs, in basements, or even create small offices with sunrooms or more. The must-haves for a home office that will sell? A door that can close, and a quiet part of the home away from shared living spaces. Home offices are the top 2021 home trend that sells, so make sure to include one in your next listing.
Fireplaces
While the summer heat may make someone think twice about fireplaces in a flip, it is one of the most popular features in a home throughout the country. Whether the fireplace outside or inside, they repeatedly gain traction as a top-selling piece for a home.
Nearly 80% of real estate agents in the poll conducted by Angie’s List say both indoor and outdoor fireplaces increase a home’s value. The National Association of Home Builders notes that an outdoor fireplace can also increase a home’s value from $1,000 to $5,000.
Inside the home, Redfin reported that Homes with a fireplace had a Sale-to-list ratio of 101.6%. Over 12% of homes for sales had a fireplace listed, and they gained an average view per listing of 628.
A new fireplace shows an ROI of 91%, making it one of the best investments in a home. There are many ways to incorporate a fireplace into your home. Whether Gas, Wood, or Electric, you can install a fireplace in nearly any part of a home. The top placements for a fireplace are living rooms, outside, or even a master bedroom.
Fireplaces are the second most popular 2021 home trends that sell a home and have great ROI for any homeowner or investor.
Deck
Who doesn’t love a cup of coffee in the morning outside? Well, it turns out that home-buyers love the combination of indoor and outdoor living. A deck or patio was one of the highest-rated features for new homebuyers.
Redfin reported that 12.3% of homes with a deck had a Sale-to-list ratio of 101.6% and had an average of 580 per listing. In Remodeling Magazine’s Cost vs. Value Report, the research found that you can get back as much as 80% of the cost of a deck back when you sell your home. On average, the ROI of a deck is 70%.
Decks and patios offer a lot of versatility and appeal for new buyers. They make for easy outdoor living spaces, require minimal maintenance, and are easy to install. Patios and Decks are also a great investment for a home.
Decks and patios are one of the top 2021 home trends that sell for their versatility. Not only is it a great way to combine the indoor and outdoor aspects of a home, but they also offer a great way to enjoy your property in new ways. Grilling, Lazy mornings, and playing in the yard all are great uses of your deck!
Summary
2021 has been a record year in real estate, with buyers picking up new homes as quickly as they list.
Finding the best trends to incorporate in a home doesn’t have to be hard. While most trends can be fickle, following the popularity of listings with top features that have great sell rates is a great way to determine what features work best for your investment.
The Top 3 2021 Home Trends That Sell Are:
- Home Offices: On average, listings featuring a home office command a 3.4% price premium and sell nine days faster than listings without one, according to realtor.com data.
- Fireplaces: The National Association of Home Builders notes that an outdoor fireplace can also increase a home’s value from $1,000 to $5,000.
- Decks: Redfin reported that 12.3% of homes with a deck had a Sale-to-list ratio of 101.6% and had an average of 580 per listing.
Not sure what 2021 home features work for your flip? Apply today for our hard money loans and get a free copy of our home rehab valuator today!
