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Renovation & Design

If you have a home with solar panels, you're in the money

Real estate poll shows trend to top features

Astrid Riecken / Washington Post.

A fire pit can increase the price of an entry-level home by 25 per cent, says RealEstate.com.

While Bernadette in the novel Where’d You Go, Bernadette bemoaned the excessive number of Craftsman-style houses in Seattle, a recent report from RealEstate.com, a new real estate site from the Zillow Group geared to first-time buyers, presents a different view. The report found that starter homes that mention Craftsman in their listing sold for 34 per cent more than entry-level houses without that phrase.

Among the other features and phrases that resulted in higher-than-expected sales prices than comparable homes without those features:

Solar panels. Entry-level homes with the keywords solar panels sold for 40 per cent more than comparable homes without that phrase.

Coffered ceilings. Garnered a 29 per cent premium.

Claw-foot tub. Sold for 29 per cent more.

Mid-century. Homes that could claim mid-century features sold for 28 per cent more.

In-law. Residences with a dedicated space for in-laws sold for 28 per cent more.

Exposed beams or ceiling. Homes with these rustic features sold for 26 per cent more than similar homes without them.

Farmhouse sink. Kitchens with these larger sinks sold for 26 per cent more than homes without them.

Fire pit. Even the smallest backyard can often accommodate a fire pit, and homes that mentioned them in their listing sold for 25 per cent more than those that didn’t.

Barn door. While some people are starting to say barn doors are overused, homes that have them sold for 23 per cent more than those that don’t.

Exposed brick. Whether it’s an older or newer home, residences with exposed brick sold for 23 per cent more than similar homes without that feature.

To generate this list of features, RealEstate.com analyzed American listing descriptions for millions of entry-level homes, defined as those priced within the bottom third of the market.

— Washington Post

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