Pets Have A Huge Role in Residential Real Estate?

Source: Pinterest

Pets play a significant role in many families and households. According to The Washington post, 68% of US households include pets. How do pets relate to residential real estate? With the significant amount of pet ownership, homeowners who are looking to attract buyers want to buy a home with a pet can make upgrades. For example, replacing carpeting with ceramic tiles, hardwood/laminate flooring, or other pet-friendly floorings.

How much of an impact does having pet-friendly home features have for prospective buyers? According to a report, having pet-friendly features such as a cat/dog door, mudroom, adjustable shower heads for pet bathing drew more attention to buyers who took into account the needs of their furry friends. Significantly 87% of home buyers with pets were more attracted to a house because of these features.

Obviously, there are costs associated with catering to pet owners but there are many benefits. For those who own investment properties, it “can actually increase [investors’] bottom-line profits.”

According to Realtor.com and their survey data, 90% of dog owners take into great consideration their animals’ needs and how it was crucial in finding and making a decision on purchasing a home. 

With that said, if you’re looking to sell or buy a home (with or without pets) I’d be happy to help!

Source: Forbes