Are you trying to improve your home’s value and get a better return on a sale? Then, you need to consider some great renovations seriously. The following steps should help improve your home’s value in various ways. Understanding why is an important step and can give you the help that you need to ensure that you get the most from this experience before selling your house.
Improve Your HVAC Services
Here’s something worth chewing on a little: improving your HVAC system (either through a new installation or replacement) is one of the most potent ways of improving your home’s overall value. Just how much can you add when you add a new system? Our sources report that you can early 85% of the renovation cost upon selling your home. Why is that the case? Let’s take a deep look here.
First, when you do things like improve your home heating oil system, you increase your home’s heating and cooling efficiency. New systems run more smoothly and provide a longer-lasting experience for your needs. Just as importantly, this process can help improve the environment and give you tax breaks if you get the most effective and efficient options available on the market today.
Before taking these steps, you should also consider a water heating service to complement it. This type of service will add a similar amount of value to your home, especially if you get a tankless water heater. These systems provide a full amount of protection for your home that makes them more than worth it if you’re interested in improving your home’s overall value before making a big sale.
Improving Your Home’s Siding
While repairing, renovating, or replacing your siding will recoup just up to 76% of your installation costs, you can improve this value by taking a few other simple steps. First, you can carefully choose fiber-cement or vinyl siding with a higher value and more efficiency to improve your home’s overall value by a higher percentage. The same increase will vary depending on many different factors.
Before calling a siding professional, make sure you also work with a mold removal service to get the help you need. Mold removal professionals can get rid of these elements on the side of your home’s siding and go throughout your house to ensure it remains as strong as possible. Doing so will minimize the risk of allergic reactions and much more throughout your home and increase its value.
Just as importantly, you should talk to a real estate lawyer who can walk you through this process. You should contact these professionals whenever you upgrade your home to figure out what kind of steps you should take. These experts can give you more detailed information regarding the value of these upgrades for your home and ensure that you’re comfortable with these many steps.
Improve Your Plumbing
Did you know that better plumbing with licensed plumbers can improve your home’s value by as much as 80% of the repair value? It’s true, though that also depends on what steps you take. It would help if you typically modernized your older bathroom to make it more appealing to potential buyers, looking to upgrade not only the plumbing efficiency but the quality and style of your fixtures as well.
For example, you can remove your old bathtub or whirlpool tub and replace it with a freestanding tub or a walk-in shower. The days of the bathtub are likely gone, as more and more people realize that they’re rather dirty and even gross and brutal to maintain. Putting in a walk-in shower also makes a home better for “aging in place,” an important concept that can make your house worth more money.
That’s why it’s a good idea to seriously consider these steps before getting any renovations done on your home. Though they might seem fairly simple on the surface, these steps can give you the high-quality help that you need to improve your home’s value in a surprising array of ways. Talk to a specialist near you to learn more about this process and what you can do to execute it properly.
Pools in High-Value Areas
You might think that in ground pool installations would immediately add value to your home. That might be the case if you live in a high-value area, where homes are at the high-cost end. However, if you live in a mid-level area or a relatively low-value area, a new pool could make your home harder to sell! How is that possible? Let’s take a look at the concept of relative property values.
Relative property value indicates how much your home is worth relative to your neighborhood. Simply put, your property does not exist in a vacuum, and its worth can affect other properties in your area and vice versa. Ironically, if you live in a low-value area and add a pool, your home will be harder to sell because it might go outside the range of people who’d want to buy there, making it harder to sell.
If you do live in an appropriate neighborhood, a pool may add as much as 60-70% value to your home property. If that doesn’t seem like very much, it might be a good idea to consider passing on a pool. However, we still include this option here because we know that many people like viewing pools for their homes and are curious about how much value it might add to a home.
Upgrading Your Roof
While improving your roof might not be quite as exciting or engaging as putting in a new pool, it is one of the best ways of improving your home’s value. Our experts state that replacing a roof with better shingles and more efficient materials can recover up to 107% of the repair’s value in your home sale. It’s one of the few improvements that adds over 100% of its value to your home’s cost.
Why is that the case? Your roof is secretly one of the essential parts of your home. No kidding: ask your local roofing contractors, and they can explain how your home keeps hot and cool air in your home at the correct times, protects your house from severe damage in the wind and wet storms, and helps cut back on your various amenities costs in ways that you might not expect otherwise.
This benefit emphasizes something that we think deserves to be highlighted: the importance of structural renovations in your home. While flashy things like pools and new outdoor sitting areas add some value to your home, they are not as respected or as desired as simple things like a new roof, better footings, and much more. So call your roofing team right away to get started.
Improve Your Home’s Appearance
Did you know that your home’s curb value is critical for your home’s value? Over 76% of all real estate agents claim it is the number one renovation project to undertake, with 94% believing it can improve your home’s value. That’s because people want a beautiful home on the outside, which makes their neighbors, friends, and family jealous. It’s not a good trait of humanity, but it’s one you can use to your advantage.
For example, you can add a stone veneer to your home or a 300-square foot band of stone siding along the street side of your home and get about 96% of your renovation value back at your home’s improved price. You can also do things like get a steel door (up to 91% of your renovation value) and replace a garage door (up to 95% of your costs) to further increase your home’s value on the market.
As part of that process, you might want to contact a driveway sealing service to help. These professionals can keep your driveway looking strong for years to come and minimize any serious concerns you might otherwise notice. In this way, you can get the best experience possible and minimize any concerns regarding home quality and value for many years to come.
You should also be paying attention to things like improving your fixtures in your home and improving other comfort factors as much as possible. Adding new fixtures with better looks and designs (like brushed nickel or oil-rubbed bronze) can give your home’s interior a classic look that may drive up its price by as much as 70-80% of the renovation values: sometimes even higher.
Even better, you can do things like replacing your carpet with hardwood floors or refinishing your existing hardwood floors. Why would you want to do that? Doing so can help increase your home value by as much a 100% of the renovation’s cost. This makes it one of the most effective and efficient ways of boosting your home’s cost on any resale market.
Don’t forget to do things like pest exterminations if you have any types of pests lingering through your home. This step is critical because it’s not unusual for homes to have ants, cockroaches, termites, and other types of creatures living inside their walls. By getting rid of them, you improve a home’s value by ensuring that it is as strong as possible against many types of common vermin concerns.
Most of your quality-of-life enhancements will take place in your home. However, you can also do things like paint in neutral colors, as many homeowners want a house that they can adapt to rather than the other way around. White, gray, and brown are fairly neutral colors that should add value to your home, though the exact amount will vary depending on how much you pay for these fixes.
Series Appliances Upgrades
Lastly, it is important to take the time to upgrade all of the appliances in your home and cut back on utility costs. It has been found that paying up to $9,000 in appliance repairs may save you $1,000 a year. When selling a home, you can use this information, showing the buyer that your renovations will save them many thousands of dollars. Use this information to drive up your home’s value even more.
For example, you can put in low-flow toilet fixtures to improve your home’s overall water use. A 1.6 gallon-per-flush toilet not only brings your home up to speed with federal laws but attracts more potential buyers as well. Over 90% of all buyers claim that energy efficiency and minimal waste are their most important goals when purchasing a new home.
Your replacement doesn’t have to end with appliances, either. Studies by many professionals find that replacing double-hung windows with insulated vinyl windows can heavily improve your home’s efficiency. Even better, doing so can recoup 74% of the renovation costs, giving you the kind of high-quality help necessary to ensure that you get more money back when you sell your home.
While you’re going through this appliance replacement process, don’t forget to take steps to improve your long-lasting utility elements. For example, you can either replace your old septic tank or clean it out. A good septic tank cleaning may improve your sewer’s efficiency, minimize excessive water costs, and provide you with a more comfortable and enjoyable home for your family.
As you can see, it is possible to improve your home value potently while you also make your home a more comfortable place to live for yourself. That’s a crucial step in this process. You need to feel better about living in your home and do what you can to expand its level of enjoyability. Make sure that you choose whatever options make the most sense for your home at its present state. You deserve to make back a good return on your real estate and home property investments.