With 2020 in full swing, you want to make sure that you don’t look back at this year with 20/20 hindsight. Instead, proactively plan to increase your home’s value this year through simple, do-able steps. Of course, we all know that renovating our kitchens and bathrooms can make our homes more valuable on the market, but there are also several small steps that require much less time, energy, and money to accomplish. Here are just a few.
Making your home more energy-efficient not only saves you the monthly costs associated with excess energy (think lost heat through poor insulation and high electric bills). It also raises the value of your home for potential buyers, and it can even be covered by an Energy-Efficiency Mortgage program that allows you to borrow for the purpose of improving your home’s energy savings. Little steps in this direction can include installing double-pane windows and energy-efficient LED lightbulbs.
Teach Your Home to “Think”
One of the growing trends in homeownership is the development of “smart” houses. Rather than some far-out sci-fi concept of a living building, smart houses simply make use of existing technology to communicate important things. For example, you can have safety devices like carbon monoxide detectors or security cameras that sync up with and provide notifications to your cell phone. For some potential buyers, these added features can increase the value of your house and add significant appeal.
The View From the Curb
As it turns out, your home’s surroundings and exterior can play a huge role in determining its value. This may seem counterintuitive, but first impressions are vitally important in the real estate market. In a recent survey of real estate agents, 76% of those surveyed said that building on the “curb appeal” of your home is the top action a homeowner can take to increase its value. Some common suggestions for improving the way others see your home from the street include landscaping, a fresh paint job, installing pavers, and creating a pleasant archway or walking path.
We hope 2020 is the best year yet for your home. If you have suggestions for home improvement, leave some in the comments below. Contact Weaver’s Pond offices with further questions.