Zillow Home Sale Booster Trends Feature Wellness Enhancers - Sun and Planets Spirituality AYINRIN
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Zillow
is out with a new list of features that reportedly help homes sell
faster or for more money. It’s probably not a surprise that many of
these support facets of wellness design. It’s thus fair to say that
these benefits are not only financial; they’re also physical and mental.
Let’s take a look at the numbers, and some insights from real estate
sales professionals around the country on what they’re seeing in their
markets.
Outdoor Features
Home
features that enhance outdoor living still trend strongly with buyers,
according to real estate site: “Six of the top 10 features that help
homes sell for more are outdoor features, signaling that the
pandemic-era demand for functional outdoor space remains.” These
features include outdoor kitchens, TVs, showers, pizza ovens, fenced
yards and saltwater pools, all of which can enhance well-being.
“Anything
that is outdoors is hugely popular and helps to make a house sell more
quickly,” comments Jay Mitchell with Berkshire Hathaway RW Towne Realty
in Virginia Beach. “Because we are outdoor-oriented and along the coast
with beaches, rivers and forests, people want to spend their time
outdoors. Fireplaces and fire pits; fountains; ponds; patios, decks of
all kinds and outdoor showers are very hot items and buyers are keen to
find properties with any or all of these amenities.”
Being
outdoors and in contact with nature enhances physical and mental
health, according to extensive research, making features even as
unexpected as outdoor screens potentially wellness-enhancing.
Socializing also enhances health by reducing loneliness, and outdoor
televisions are often used for gatherings to watch special events. Pools
and pizza ovens enhance socializing too. A fenced yard keeps children
and pets in sight, and outdoor showers keep indoor floors dryer,
reducing slip hazards. Both home features enhance safety, the second
facet of wellness design.
According
to Zillow, pizza ovens help homes sell for 1.9% more, outdoor showers
2.6% more, outdoor kitchens 1.7% more, and outdoor TVs 3.1% more – “the
highest sale price premium of all 359 features Zillow analyzed across
nearly 1 million home sales in 2023,” according to its report. Fenced
yards help homes sell 2.8 days faster, and saltwater pools speed up
sales times by 2.6 days.
Michelle Silverman
with Coldwell Banker Realty in La Jolla agrees: “A full-functioning
outdoor kitchen with a pizza oven will attract more buyers to a luxury
home that can bring multiple offers and an increase in sales price,
leading to a quicker sale. Another top feature that luxury buyers are
looking for in a home is an outdoor cold water plunge, as well as an
outdoor movie theatre which can lead to a faster sale.”
Kitchen Features
It’s
real estate lore that kitchens sell homes, so it’s not surprising that
some of their wellness-enhancing features help homes sell faster. New
York area agent Samantha Michel with Keller Williams Points North
observes, “Regarding the specific features mentioned, it's important to
consider the broader context of the home. For instance, the popularity
of soapstone countertops has surged over the past five to eight years,
suggesting that homes featuring this material may also boast recently
remodeled kitchens. Given that the median home price in the country is
$511,000, a 3% increase amounts to approximately $15,000, which
coincidentally aligns with the cost of a new kitchen remodel.
Ultimately, the perceived value of features such as a ‘pizza oven’ or a
‘she shed’ varies depending on the preferences of potential buyers.”
Kitchen-adjacent
features help too in larger homes, and these features reflect that too.
For example, enhanced refrigeration: “A beverage center is the new wine
fridge. Beverage centers can help a home fetch a 2.4% sale premium,
compared to 0.9% for wine fridges. These undercounter refrigerators
offer different temperature settings for different types of beverages,
not only wine.” Beverage fridges let children grab after-school sips and
yoga moms healthy smoothies without having to rummage through
foodstuffs in the main fridge, reducing temptations and energy waste.
“Beverage
centers” are starting to show up in some of our listings, and not
limited just to indoors – they are popping up in outdoor kitchens in
addition to refrigerators. Not only that, but separate coffee bars are
trending as well, particularly in homes that are being remodeled,”
Mitchell notes.
Zillow
also noted that “#Plantparents snap up homes that mention a plant ledge
in their listing description more than five days faster than expected.”
Plant ledges in kitchens can enhance wellness with herb gardens for
flavor, greenery for improved indoor air quality and both for biophilia benefits.
“Quartz
countertops help homes sell for 1.7% more – but soapstone tops are
trending at 3% more!” Zillow reported. This is a mixed benefit. Both are
nonporous and durable, but soapstone comes with a few negatives worth
considering before selecting: ”It scratches easily and has an
unpredictable patina, plus it requires regular oiling,” noted House Beautiful in its article on their pros and cons.
Other Home Features
Zillow cited other features that boost home sales. Among these were “rounded corners, popular in contemporary furniture design and now architecture (hello, curvy kitchens),
can help a home sell six days faster than similar homes.” This
attribute is trending for its aesthetic, but it also enhances safety, by
reducing injury risk to running children and balance-challenged older
adults. It can also save home fitness enthusiasts (like me) from painful
encounters with cabinetry during high impact workouts. “Rounded corners
just recently became a bit more popular, as builders are not really
offering them as an option anymore,” notes Muriel Williams-Thompson with
Town and Country Realty in Denver.
The
real estate platform also cited this increasingly popular feature: “She
sheds helped homes sell for 2% more.” I touted the wellness benefits of
she sheds as retreats in a July 2023 Forbes.com article, and a related Clubhouse conversation. (You can listen to the recording here.)
And that was almost a year before the real estate benefits were touted.
One of my sources for that piece was a psychologist who specializes in
women’s issues. Here's what she shared about these special places: There
are definitely wellness benefits to these rooms — and the time women
spend in them looking after their own mental health needs. “Without this
space, she can feel confined, intruded upon, perhaps resentful if her
mate has his (assuming heterosexuality) own space, and fatigued because
she doesn’t have a much-needed time out from household tasks and care
giving.”
Conclusion
As
Michel points out, “It’s essential to recognize that merely adding a
single feature doesn't guarantee a 1% to 3% increase in home value or a
2.5-day reduction in time on the market. As with any statistical
analysis, it's crucial to understand that correlation does not imply
causation.”
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