FLORENCE — Florence has been named Arizona’s safest city for 2018 by the website HomeSnacks.The website, which reports recent data, videos and thoughts on local culture, called Florence “a
Kitchen Features Buyers Will Pay More For
DAILY REAL ESTATE NEWS | TUESDAY, NOVEMBER 29, 2016
A great kitchen can help you sell a home, and real estate professionals are making sure to spotlight it in their marketing.
Of all the homes listed for sale on realtor.com®, 69 percent of the listing descriptions highlight the kitchen as a selling point. Forty-nine percent mentioned the bedrooms and 35 percent highlighted the garage, the next two most popular.
Further, homes that tout a “killer kitchen” or “luxury kitchen” in their descriptions sell 8 percent faster than a similar-sized home in the same ZIP code, realtor.com®’s research finds.
So which kitchen features could possibly add the most value to a home? Realtor.com®’s research team pinpointed the following:
Custom cabinetry: 41% (the price premium: the difference between homes with the feature and homes without in the same ZIP code)
Kitchen island: 30%
Creative lighting: 21%
Granite counters: 18%
Large pantry: 14%
Stainless-steel appliances: 12%
Tile backsplash: 7%
Breakfast bar: 6%
What’s more, the research team found growing demand for the “chef’s kitchen.” About 4.7 percent of homes on the market describe the kitchen as a “chef’s kitchen” or “gourmet kitchen,” which is up from 3.3 percent three years ago. Homes with such labels boast a median list price of $589,900.
Some of the most common features associated with a chef’s kitchen: Oversized fridge; dual commercial-quality ovens; six-burner stovetop; and a butler’s pantry. Other popular features may include a wet bar and wine fridge too.
Source: “Secrets Inside the Pantry: How the Kitchen Became Real Estate’s Most Valuable Room,” realtor.com® (Nov. 21, 2016)