Kitchen Features Buyers Will Pay More For

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)


http://realtormag.realtor.org/daily-news/2016/11/29/kitchen-features-buyers-will-pay-more-for


Rebecca Kallhoff Headshot
Author:
Phone: 480-275-9566
Dated: November 30th 2016
Views: 189
About Rebecca: ...

Property Search









RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Market Report Dec 22 2020 - 2020 has been quite the year for
Why You Want An Experienced Agent - Something I see everyday in real
What Is Going On In The Housing Market - Sept. 19,2020Hard to imagine we
Trader Joes Coming To The Queen Creek Marketplace - The Kallhoff Team is super excited

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Re/Max Alliance Group
725 W. Elliot Rd., Suite 111
Gilbert, AZ
480-485-3465
480-284-7973