According to a Q4 2020 Zillow survey, the average home appreciated by more than $20,000 last year. And a new report released in April called the Zillow Home Price Expectations (ZHPE) survey, sponsored by Zillow and administered by independent research firm Pulsenomics, has further insight into how 2021 is shaping up. They surveyed real estate experts and economists between Feb. 15, 2021 and Mar. 1, 2021, and concluded that the average home’s value will go up 6.2 percent in 2021. “In the wake of last year’s heady home equity gains, these new projections indicate that the aggregate value of homes across the country will increase by another $2 trillion in 2021,” Terry Loebs, founder of Pulsenomics, said in a statement. “This is great news for existing homeowners.” Zillow economist Arpita Chakravorty, PhD, said in a statement that she suspects more sellers to list their homes soon. “As the pandemic subsides and the economy begins to recover, lowered health risks and renewed homeowner financial confidence should bring more sellers to the market,” Chakravorty said. “That increased inventory would ease buyer competition that has driven prices higher during the pandemic, but expect a steady pace of home value growth to persist into the near future.” If you’re thinking of selling your home, you probably want to know what will cause a bidding war. According to another March survey from Zillow, there are quite a few things that make a home sell for more than expected. Here are the top 10, ranked by how much more homes with these features sold for than expected. And for more ways to up your home’s perceived worth, check out 50 Clever Ways to Instantly Add Value to Your Home. How much more than expected houses with it sold for: 2.7 percent And for tips on how not to keep your counters clean, check out The One Cleaning Product That’s Ruining Your Countertops, Experts Warn. How much more than expected houses with it sold for: 3.0 percent How much more than expected houses with it sold for: 3.2 percent How much more than expected houses with it sold for: 3.2 percent And for more useful information delivered straight to your inbox, sign up for our daily newsletter. How much more than expected houses with it sold for: 3.2 percent And for the appliances that are actually costing you, check out The Home Appliances Killing Your Energy Bill. How much more than expected houses with it sold for: 3.2 percentae0fcc31ae342fd3a1346ebb1f342fcb How much more than expected houses with it sold for: 3.4 percent And for some pitfalls to avoid when it comes to your house, check out the 50 Home Maintenance Mistakes Everyone Needs to Stop Making. How much more than expected houses with it sold for: 3.6 percent How much more than expected houses with it sold for: 3.6 percent How much more than expected houses with it sold for: 4.9 percent And for a not-so beloved design choice, This Is the Home Improvement Decision You’ll Regret Most, Survey Finds.
