That backyard shed is more than just a cozy retreat—it’s also an easy way to boost your home’s selling price.
A new report from Zillow found amenities like a steam oven or she shed — a renovated shed that’s the equivalent of a man cave — can increase a home’s price by up to 5.3% compared to similar listings. That’s an additional $17,400 over a typical American home.
Other trendy features like doorbell cameras, open shelving and soapstone countertops help homes sell faster.
As Zillow reports, “Buyers who can afford a home in today’s marketplace are willing to pay even more for the luxury of personalizing their space.” “Even in a less frenetic housing market, buyers can expect more competition for homes with these desirable features.”
She sheds, boosts pizza oven selling price
Zillow’s analysis used sales records and listing data from nearly 2 million sales listed in 2022. According to the findings, the top features that increase the selling price of a home compared to similar listings include:
- Steam Oven: 5.3% price premium
- Pizza Oven: 3.7% price premium
- Business equipment: 3.6% price premium
- Terrazzo: 2.6% price premium
- That shade: 2.5% price premium
- Soapstone: 2.5% price premium
- Quartz: 2.4% price premium
- Modern Farmhouse: 2.4% price premium
- Storm Shutters / Tornado Shutters: 2.3% price premium
- Mid-Century: 2.3% price premium
One downside: Personalized features can also turn off some buyers and force a home to spend longer on the market.
Zillow found that listings with shee sheds take two days longer to sell than similar homes, while homes with wine cellars increase the selling price by 1.2% but spend an additional five days on the market.
Features that sell homes fast
Homes were typically on the market for 34 days in February, compared to 18 days the year before. But Zillow found that some features can speed up the process. A listing that mentions a gas furnace, for example, sold 2.3 days faster than similar homes.
According to Zillow, here are other features that can reduce a home’s time on the market:
- Doorbell Camera: 5.1 days fast
- Soapstone: 3.8 days fast
- Open Shelving: 3.5 days faster
- Heat Pump: 3 Days Faster
- Fenced Yard: 2.9 days faster
- Mid-century: 2.8 days faster
- hardwood: 2.4 days faster
- Movability / Movable: 2.4 days faster
- Shiplap: 2.3 days faster
How can I increase the selling price of my home?
The COVID-19 pandemic not only shook up home prices; It also changed what features buyers considered essential.
Zillow’s report says, “Homes that offer retreat spaces and amenities for outdoor entertaining are especially appealing to post-pandemic buyers who expect their homes to be a place where they can work.” Can and play.”
According to the report, sellers who want to give their home a “wow factor” should highlight outdoor entertainment areas and include unique offerings like a saltwater pool or putting green in their listing description.
Just be sure to avoid mentioning tile countertops, laminate floors or walk-in closets, all of which can hurt a home’s value.
The report also warns that installing features such as a steam oven just to increase a home’s resale value may not be worth the investment. Instead, home owners looking to sell should highlight the modern amenities they have.
You can follow USA TODAY reporter Bailey Schulz on Twitter @bailey_schulz And for personal finance tips and business news every Monday through Friday, subscribe to our free Daily Money newsletter here.
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