Your home’s value can be changed faster than you’d imagine, with far less work than you may think is necessary! Although there are large remodels you can do, like swapping out an older roof or updating the siding: it’s important to know there are more options out there!
These are some of the most creative and popular ways to boost your home’s value in 2023!
1. Invest in Energy Efficiency
Energy efficiency is the largest topic being discussed in 2023. As prices for energy skyrocket and the weather gets less reliable than ever before, homeowners and buyers alike are worried about how they’re going to afford their monthly bills.
Make this a smooth transition by investing in details that will help lower your energy cost and the strain on your HVAC system. This means adding more insulation, sealing windows and doors, and investing in good filters for the home.
2. Give Your Home an Exterior Entertainment Space
There’s been a push in recent years to spend more time outside and get fresh air without having to be in crowded parks, and there’s nothing better for that than an outdoor entertainment space!
If you’re trying to sell, this could mean building a researching porcelain pavers vs concrete pavers, a wooden deck, or other fantastic seating and entertainment area. If you want to go above and beyond, many have been turning to building outdoor kitchens. This is an expensive investment, but buyers have been wild about it.
3. Invest in More Natural Light
Natural light is the best way to wow buyers when they walk through your home. Natural light makes spaces feel larger and allows people to feel more comfortable and welcomed when they come in.
Although you can use tools like mirrors and large lamps to make a room feel brighter, the best way to boost value is to consider putting in new windows! The average window will cost less than $500 to install and can instantly increase your home’s value.
4. Add Touches of Luxury in Each Room
Luxury is something that makes everyone feel more excited and will give you the opportunity to help buyers feel thrilled about your home. Luxury doesn’t have to be big things! This can instead be smaller items like a heated countertop, smart lights throughout the house, or even app-controlled blinds that are built into the windows.
Think about your budget and what parts of your property could use that boost, and you’ll see your property value fly.
5. Consider How Much Maintenance is Needed
Maintenance is a big deal and requires a lot of thought and consideration. How easy is it to maintain your property? What part of the maintenance takes the most of your time and energy?
Adding details that make the maintenance easier, like investing in gutter guards, or installing a better pump in your pool, will give buyers confidence that they’ll be able to handle this property.
6. Boost Your Home’s Curb Appeal
Your home’s curb appeal tells a story! Buyers want a home that feels welcoming and exciting to them, and often just how it looks when you’re walking up to it, or driving by, can make the difference in whether or not they want it.
Invest in great greenery, attractive lawn decor, and power washing any steel siding, stone, or concrete to boost it further.
7. Give Your Home a Deep Clean and Stage
Although this may feel like a bizarre way to add value to any home, deep cleaning will help your home’s price, especially if you stage it afterward. Buyers don’t want to picture the previous owners or what the people who lived there before were like: they want a home that feels clean and new.
Work from the top down and get rid of any dirt, grime, or debris that could otherwise harm your property’s chances. This includes looking up what to use to clean concrete patios or decks.
Staging makes homes sell faster and for far more money than their unstaged counterparts, so it’s a good idea to stage your home as well. Use modern furniture you own, or rent it on the cheap from a local company, and make your home look like a photo from your favorite home magazine.
8. Create a Flood Proof Lawn
Over a sixth of the homes in America are at risk of flooding within the next ten years. Although you may assume your property is safe, this is a threat that’s high on the minds of buyers right now. Boost their confidence!
Building a rain garden, which will absorb the extra water and give you beautiful local plants to look at, is a great way to start. You can also add details like rain chains for gutters to divert water where you want it to go or even put in buried trenches that will guide rain and moisture away.
Your Home’s Value Fluctuates
From the highs and lows of the market to the material your home is made out of and its location, you’ll find dozens of reasons your home’s value will shift and change over time. If you’re ready to boost it for good and keep that price rising, it’s time to consult Sol Mar REI, LLC.
Sam Willis is a freelance writer that loves sharing his knowledge and expertise in residential and commercial real estate, as well as engineering and construction. He lives in Atlanta, Georgia where he enjoys spending time with his wife and researching real estate trends in his free time. Sam’s work as a freelance writer can be found on Building Product Advisor, a new construction industry resource site.