In 2019 alone, there were 5.34 million existing homes that were sold. If you’re selling your home, it’s important that you make it attractive to prospective buyers. Here are a few ways to increase your home’s value before putting it up for sale.
Add Outdoor Structures
It is not only the inside of the house that can be modified, but also the outside. Many people forget outdoor structures when they are trying to increase the value of a home, but this would be a big mistake in many cases. If you’re familiar with the fact that 6% of homes in 2016 were sold as a result of flipping, you’ll know that outdoor appeal is a huge selling factor. There are many outdoor structures that can be modified in order to increase the value of the home. These include fire pits and decks, among others. A fire pit can be great in the colder months of the year, and a deck will give the homebuyer more potential usable space. In addition, if you add a new fence, this can keep any potential children who are going to be living in your home safe, and also add more privacy for everyone in the home.
Adding Insulation
About 75% of homes in the United States have air conditioners. Many people do not know how much electricity these devices use. In fact, AC units use almost 6% of all of the electricity that is produced in the nation. This is both a lot of energy being used and a lot of money that people are spending on air conditioning every year. In order to minimize energy costs, there are other things that people can do, such as make sure that the home is well-insulated. In particular, many people might want to focus on insulating the attic.
Insulating the attic will cut down on energy bills and save you a lot of money in the long run. This is something that will definitely be a good feature to let home buyers know. There are many different types of insulating material that you can use, as you can choose between blown-in insulation, batt, spray foam, foam board, and more. However, whatever insulation you use, you want to make sure that it is the most effective that you can find. It should be able to keep the air from outside from coming in, whether it is cold or hot.
Add In Smart Home Technology
Many people are not very familiar with all the current smart home technology that is available. However, you should be aware that many home buyers might actually find this attractive and see this as something that makes your home more valuable. There are many smart devices that can make your home more valuable in this way, including smart thermostats, smart locks, security cameras, and water leak detectors, among others. These upgrades are relatively simple, so they are definitely worth looking into if you are trying to increase the price of your home. Consider focusing on intuitive technology upgrades for your home—solutions that are easy to use and enhance convenience without adding complexity. Current market research tells the professionals that home buyers are actually seeking out homes that have these smart devices. This makes it very convenient to live in these homes, and it also saves energy and makes people feel more secure because of the higher quality security systems. A lot of the time, it won’t be as expensive as you anticipate either, with a general set of smart devices costing somewhere in the neighborhood of $1,500.
When it comes to home upgrades, don’t discount how much value the right upgrade can add.
