Today’s homebuyers all want the same things: updated kitchens with the newest appliances, large and airy bathrooms and big master bedrooms. If you are trying to sell a house with small, cramped master bedroom, or a home with no master at all, you are placing yourself at a significant disadvantage.
This is especially true today. The housing market has crashed. Long gone are the days when sellers would juggle multiple offers. Today, sellers are fortunate to get one good offer every month. Buyers are in control today, and this situation doesn’t seem likely to change anytime soon.
This means that sellers have to give themselves every advantage they can when putting their homes on the market. One of these advantages is to spend the money to create a large, modern master bedroom.
Today’s buyers want masters that are spacious and tastefully decorated. They like neutral colors, new windows and, if possible, hardwood floors. The cost of new wood floors is nothing compared to the value they add to your home.
But that is just the start. The ideal master bedroom for today’s picky buyers includes a walk-in closet that can comfortably hold all the clothes, ties and shoes of a home’s new owners. It also comes complete with its own private and spacious master bathroom. And this bathroom must include a large soaking or whirlpool tub, dual-bowl vanity and separate shower with mist spray.
Homes with master bedrooms that fit these criteria will not only sell faster, they’ll fetch the best possible prices. They’ll also show well. This is important if you want to hold multiple open houses. The more stunning your master bedroom and bathroom are, the more people will talk about your home after they leave the open house. This far justifies the cost of a bathroom remodel or bedroom remodel, even if it’s a steep one. Even if they are not serious buyers, they may tell their friends, family members, co-workers or neighbors who are. These people might be intrigued enough to schedule a showing.
And who knows? They may eventually end up being the buyers who make the best offer on your home.
When placing your home on the market, look at the competition in your price range. Do these homes usually feature modern, renovated master bedrooms? Do they come, too, with master bathrooms that cause the jaws of potential buyers to drop? If so, you’ll need to make sure that your home offers the same even if you have to add on. No one likes to spend extra money, especially in today’s economy, but if you don’t, you’ll never be able to fetch the top prices for your residence.