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With mortgage interest rates at their lowest in 50 years and demand for homes surging across the USA, there’s a chance you’ve considered selling your home before this trend dies down.
Of course, you want to get as much as possible when you do decide to sell but holding on for even better days is a risky option. Fortunately, there are some more reliable ways to boost your home’s value right now.
These are the things that increase home value and can also help you sell your home faster.
In This Post:
1. Roof Replacement
Replacing your home’s roof is an expensive undertaking, and you’re probably resistant to spending that kind of money on roofing contractors.
Remember, a new roof lasts for 20 years or more and prospective buyers know this.
There’s a huge difference in the property value of homes with a leaky roof, those with a sound but older roof, and those with new roofs. So, it’s worth the investment.
The bottom line is if you want to sell your home for the best price without spending any money, your best option is to google, ”we buy houses company” and take a cash offer for your home as-is.
2. Energy-Efficient Additions
Installing solar panels and other energy-efficient innovations is a win-win when you’re planning to sell your home. Not only are these innovations a huge drawcard for homebuyers, but they can increase the value of your home by as much as 33%.
What’s more, you’ll save on energy costs the whole time your home’s on the market.
3. Smart Technology
The latest smart appliances, gadgets, and lighting add convenience and cost savings to your home. They can also increase your selling price by $1,500 or more.
The more smart technology you have, the more you can increase your price. Plus up to 77% of prospective homeowners put smart tech on top of their wishlist when looking for a new home.
4. New Appliances
Modern energy-efficient appliances offer a high ROI when you sell your house. Homebuyers are less inclined to dispute your asking price when they know they can save on the expensive maintenance that comes with old, faulty home appliances.
Check your appliances regularly, keep them well-maintained, and replace them when necessary.
Again, you’ll get to enjoy the benefits of using these new appliances while you’re waiting to sell your home too.
5. Increase Your Living Areas
Adding a bathroom or taking some walls down to create an open-plan space adds enormous appeal to your home. Although the ROI on these improvements isn’t huge, you can get all your money back if you wait for your home equity to improve before you sell.
You’ll also get to live in a vastly improved home in the meantime.
More Things That Increase Home Value
If you’re not intending to sell your home any time soon, remember that there are also things that increase home value without impacting your selling price.
These depend on how you determine value. For example, if you love entertaining friends, an outdoor kitchen could hold enormous value for you.
If you’d like some more home improvement ideas that you can implement and enjoy right now, keep browsing our blog.