Study: Some uncommon features can boost a home selling prices by a few percent, including a “pot filler” – an above-the-stove water faucet that adds 3.2%.
NEW YORK – Some unusual or uncommon home features not only attract buyers but also encourage them to pay more for those features. In a study for Angi, formerly Angie’s List, researchers combed through sold listings to identify common or trending home features and then determined whether a price premium could be attached to some amenities.
In the kitchen, buyers may appreciate a pot filler faucet over the cooktop. Angi researchers said that feature alone could lead to a 3.2% price premium.
Other home features that can make a big difference
- Pendant lighting (2.66% price premium)
- Under-cabinet lighting (2.48%)
- Double-sink vanity (2.35%); barn door (2.32%)
- Butcher block (2.26%)
- Quartz countertops (2.26%)
- Oversized windows (2.23%)
Most-valued features by room
- Double sink vanity: 2.35%
- En suite: 1.41%
- Pot filler: 3.2%
- Fireplace: 1.97%
- Outdoor kitchen: 2.05%
Researchers also found that buyers in different markets showed differing preferences. Of the study’s three metros in Florida, the following amenities appeared to make the biggest difference for the selling price:
- Jacksonville: granite countertops, 5.37%
- Orlando-Kissimmee-Sanford: granite countertops, 2.1%
- Tampa-St. Petersburg-Clearwater: under-cabinet lighting: 6.66%
Source: Angi
© Copyright 2022 INFORMATION INC., Bethesda, MD (301) 215-4688