Home buyers are willing to pay at least $10,000 more for a house with an outdoor TV, according to a new analysis.
New research from real estate marketplace Zillow found that certain trendy outdoor features may help raise the price of a home. Topping that list are outdoor TVs, which boost a home's sale price by 3.1% or $10,749 based on the average home.
Following outdoor TVs are soapstones, a material often used in sinks, tiles, masonry heaters, and wood stoves. Soapstones, which are rare, can raise a home's sale price by 3.0% or $10,402.
Third on the list is matte black finishes, which can raise home sale price by 2.9% or $10,055, the analysis noted.
Other backyard features that may push sale prices higher include an outdoor shower, which can boost sales by 2.6%; a beverage center, which can increase sales by 2.4%; a bluestone patio, 2.3%; a She shed, 2.0%; a pizza oven, 1.9%; Quartz, 1.7%; and an outdoor kitchen, 1.7%.
"This year was really all about the backyard features. It embodies this new lifestyle people want post-pandemic, where their social life is centered around their home, and specifically their yards," Zillow home trends expert Amanda Pendleton said, as quoted by CNBC. "If you have these features already in your home, you want to make sure that you're including them in your listing description,
Features That Sell Homes Faster
In addition to features that raise home prices, Zillow's research also analyzed features that help sell a home faster. At the top of that list are rounded corners, which are becoming popular in contemporary furniture design and architecture. Homes with rounded corners are selling 6.2 days faster.
The average time houses stay on the market is 61 days as of February, according to Fred Economic Data.
Other features that sell a home faster include a plant ledge, which cuts the time a property stays on the market by 5.6 days; a frameless shower, which reduces the time to sell by 4.7 days; terrazzo tiles, 3.7; a picket fence, 3.2; modern farmhouse, 3.1; turf, 3.0; fenced yard, 2.8; energy star, 2.6; and saltwater pool, 2.6.
Zillow analyzed the sale premiums for 358 features across one million home sales for 2023 for the list.
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