Tuesday, April 12, 2016

Homes with 'Subway Tiles' or 'Barn Doors' Sell Faster and For More Money

Ever wonder why some homes sell for a premium and others don't? While timing definitely plays a part, turns out mentioning certain home features in your listing description can yield quite the premium– both in how fast the home sells for, and for how much.

According to a new Zillow Digs analysis, for-sale listings touting features like "subway tiles" or "barn doors" can sell for as much as 13 percent more than expected, and nearly 60 days faster than homes without those features.

"When it comes to real estate listing descriptions, words matter," says Svenja Gudell, Zillow chief economist. "Your listing description is an opportunity to highlight specific details and finishes that might not be visible in photos. Craftsman-style homes and amenities resonate incredibly well with today's buyers - so if you've got them, flaunt them!"

Zillow Digs analyzed listing descriptions from over 2 million homes sold nationwide to see how certain keywords referring to home features, amenities and design styles impacted their sale price. This report stems from an analysis in the New York Times best-seller, "Zillow Talk: Rewriting the Rules of Real Estate," which looks at how certain listing descriptors like 'unique' or 'captivating' can impact final sale prices.

Curious what other home features made the list? See below for the top 5 keywords. You can find the full analysis with all 15 words here.

Barn doors

43rd Street (1 of 23)

Photo courtesy Kerrie Kelly Design Lab

Homes mentioning "barn door" in their listing description sold for a hefty premium - 13.4 percent more than expected and 57 days faster. These rustic sliding doors are often found in modern craftsman-style homes, and are used on bedroom closets and kitchen pantries, among others.

Shaker cabinets

Shaker Cabinets

Photo courtesy of Timeline Design via Zillow Digs

Listings touting "Shaker cabinets" sold for 9.6 percent above expected and 45 days faster.

Farmhouse sink

farmhouse sink

Photo courtesy of Zillow Digs

Homes boasting these trendy yet functional kitchen sinks can fetch nearly an 8-percent sales premium.

Subway tile

Subway Tile

Photo courtesy of Nicola Manganello via Zillow Digs

From kitchen backslashes to showers, subway tiles are a beautiful and classic design feature that are sure to catch a buyer's eye. Homes mentioning subway tiles in their listings sold for nearly 7 percent more than expected and 63 days faster.

Quartz

quartz

Photo courtesy of Isola Homes via Zillow Digs

Usually found on kitchen or bathroom countertops, listings with the word "quartz" saw a 6-percent sales premium. However, homes with "granite" only saw a 4-percent boost in sale price.

Want to learn more about Zillow Digs or craftsman or farmhouse-style homes? Check out Zillow Digs Guides here.



via Zillow Porchlight | Real Estate News, Advice and Inspiration http://ift.tt/1S4g8ZR

No comments:

Post a Comment