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The best time of the year to sell a home is upon us, and with buyer demand approaching its highest level since last May, we could be gearing up for a busy spring housing market.

But that doesn't mean sellers shouldn't spruce up their homes to appeal to buyers — especially as surging mortgage rates cause listings to sit on the market longer and force many sellers to accept lower bids when negotiating sale price.

New research from real estate listing site Zillow found that buyers who can afford the current market are willing to shell out more for luxury features and personalized spaces, potentially adding up to $17,400 in sale value to a typical U.S. home.

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