In a new survey, people in different age groups were asked to identify features they'd be willing to pay MORE for if they were buying a house. Here's the top five . . .
Although in most cases, people aren't willing to pay ENOUGH to justify the cost of adding the features before you sell.
1. Central Air. 69% of people said they'd pay extra for it, and the average amount they'd be willing to pay was just over $2,500. But installing central air can easily cost $4,000 for a 2,000 square foot home.
Meaning, you probably SHOULDN'T install central air conditioning to up your property value, because it'll cost more than it's worth.
2. New Kitchen Appliances. Again, 69% said they'd pay extra for them, to the tune of about $1,850 . . . which MIGHT pay for a new refrigerator, stove, and dishwasher, depending on how nice they are.
3. A Walk-In Closet in the Master Bedroom. 60% would pay extra for it, with the average amount being $1,350. It was especially desirable for people between the ages of 35 and 54, with 44% of them viewing it as, quote, "very important."
4. Granite Countertops in the Kitchen. 55% would pay extra, with the average being $1,620. But installing them can easily coast three or four grand.
5. Hardwood Floors. 54% said it's an important enough feature to pay more for. And they'd throw down about $2,100 on average, which might cover the cost of around 200 square feet. But it's probably not enough to do a whole house.
Also, OLDER people apparently don't care about hardwood floors so much. Only 17% of homeowners over the age of 55 said they're a "very important" feature.