«

»

Nov 16

Print this Post

What Buyers Don’t Want

shutterstock_1848576When you own your home, most people have a never ending to-do list of home renovations they would like to accomplish.  Home improvements can be expensive.  For most upgrades, you do not get a dollar-for-dollar increase in the value of your home.  However, most people still choose to carry out the renovation for personal enjoyment.

The California Association of Realtors released a survey of what buyers don’t want.  The following table summarizes the  survey’s results:

 

Item

Percentage of Respondents that did not want the Renovation
Elevator

70%

Just a Shower Stall in the Master Bath

51%

Wet Bar

41%

Laminate Countertops

40%

Outdoor Kitchen

31%

Glass-Front Cabinets

31%

Ceramic Tile Countertops

30%

So if you are thinking of making a renovation and planning on selling your home in the near future, you should pay attention to the survey results to see if your renovation will pay off with potential buyers.

About the author

Anand Khemlani

I am a founding member of Fulcrum Inquiry, an accounting and economic consulting firm that performs damage analysis for commercial litigation, forensic accountings, financial investigations, and business valuations. I am a Certified Public Accountant (CPA), Accredited in Business Valuation (ABV), a Certified Fraud Examiner (CFE) and am a licensed Real Estate Broker. I regularly serve as an expert witness involving results of my forensic accounting assignments and damage analyses. My resume is available on Fulcrum's website

Permanent link to this article: http://betweenthenumbers.net/2013/11/what-buyers-dont-want/

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>


*