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How To Increase Your Home's Resale Value

(Published on - 10/29/2019 4:20:01 PM)

People are always asking how they can get more money for their house when they put it on the market. While some of the things that determine your home’s value are out of your hands (location, age, layout), many buyers are willing to fork over a little more when certain upgrades have been made. Below are some suggestions for projects and improvements that can increase your home’s resale value. 

Invest in Energy Efficiency

It’s the 21st century, and green is the name of the game! Not only do energy-efficient updates help protect the environment, they also save you more money by reducing utility bills. Now we’ve all heard of those little energy-saving hacks like unplugging your phone charger and washing your clothes in cold water — but those aren’t the kinds of things that are going to add value to your home. If you want a greater resale value, you have to think bigger. Consider one of these upgrades:

  • Make your home a smart home by adding security systems and thermostats (can be purchased online for under $100) that you can control from your smartphone.  
  • Add extra insulation to walls, floors, attic, and basement and crawl spaces.

  • Replace your heating, cooling, and water heating systems with innovative, high-efficiency models.

  • Replace your roof with a cool roof that reflects more sunlight and absorbs less heat. This is especially helpful in hot places like California!

  • Upgrade to energy-efficient appliances. Bonus: Most cities offer incentives and rebates for people who invest in Energy Star units.

  • Energy-efficient windows help filter heat and light for lower cooling costs.

  • Solar panels are the future. If your roof can support them, consider installation. 

Make Roof Repairs

If you don’t plan on replacing the roof, you’ll still need to make sure it isn’t in need of major repairs before selling. A well-maintained roof can mean a quicker sale, since potential buyers will notice its appeal during showings. It’s best to hire a contractor to inspect the roof and give you an estimate for any necessary repairs. If your budget allows it, definitely schedule for the repairs. If not, you’ll need to decide if it’s worth leaving the roof as-is, keeping in mind that it can affect negotiations with the buyer and result in a lowered home price.

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