The conventional wisdom is cool kitchens and sexy bathrooms are what sets a house apart.
In my experience, those are just table stakes. What people will really pay for is amazing backyards.
Here's just one real experience from my real estate practice. Two years ago I found a home for a three-generational family. The older house was nothing special but the backyard--on an acre-- had a gorgeous pool, a basketball court, a sunken fire pit, an organic vegetable garden, an outdoor kitchen and an outdoor shower. Plus it had a covered patio with dinner seating for 20 with both misters and heaters on stands. All it was missing was a zip line. This backyard rivaled the pool area of many of the Strip's casinos.
There was a dispute about the home's square footage because the seller had not declared the upscale-appointed attic on her property taxes. That meant five days before closing my buyer had to come up with an additional $25,000 cash to purchase the home.
Many buyers would have walked. But this was a one-of-a-kind backyard. They borrowed the money from a parent. Two years later they are glad they spent the additional money.
Today Las Vegas homeowners view their backyards as a logical extension of their indoor living space. And they are willing to pay over appraised value for an exciting backyard.
My two cents: If you want to invest in upgrading your home, don't ignore the backyard.
Trust eXp Realty and our team of real estate agents to help you find homes for sale or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.
The misconception about down payments continue to hinder millennials f
"I worked with Jake Soteros from Horizon Realty for the purchase of my last home. Jake was great throughout the whole process. He was always willing to answer my questions and adapted to my availability. Due to work and my lifestyle, texting is the best form of communicating for me and he was always very accommodating. We had some issues with the seller of my property and Jake always fought for my best interest and was never afraid to voice my concerns. He is not only a good agent but a man of principal and high moral standards. It was truly a pleasure working with him..."