PHILADELPHIA - There are many ways to make your home more valuable. Here are some examples: Energy efficient upgrades, functional upgrades in the kitchen and bathroom, Replacing old flooring, and adding an outdoor living area. All these home improvements will increase the value of your home. You can also consider making your home more comfortable with modern amenities.
Energy-efficient Upgrades
The real estate market is seeing a rise in residential energy efficiency. Energy-efficient upgrades and features not only improve comfort and reduce utility bills but can also make a home more attractive to prospective buyers. Here are some tips to help you make the most of this growing trend. Also, don't forget that some energy upgrades can be a no-cost option for your home.
Weatherstripping, for example, is one of the easiest and least expensive upgrades you can make to your home. It can have a large impact on the value of your home. Additionally, installing a programmable thermostat will help you maximize your savings. You can also add a home energy rating system to your home to increase the value of your property.
Replacing Old Flooring
Replacing old flooring with a new one can help increase the value of your home. First of all, it's important to choose the flooring that looks great. For example, you may want to consider putting new hardwood floors in your living room. This type of flooring is durable and will last a long time. Another option is engineered wood flooring, which uses a thin layer of real wood over structural plywood. This flooring is also a good choice because it looks the same as solid wood but is much cheaper.
Replacing your flooring with a new one will make your home look more inviting to potential buyers. Buyers like to see that their potential home is easy to maintain and more likely to offer a good price for it. Choosing the right flooring is also important because there are so many choices. It can be confusing to decide which one is right for your home, so it's a good idea to research the pros and cons of each before you make the final decision.
Adding An Outdoor Living Area
Adding an outdoor living area to your home is a great way to improve the value of your property. According to Rocket Homes, adding a covered deck, outdoor kitchen, or sitting area can add as much as $20,000 to the price of a home. You can even enjoy your outdoor space year-round if you have a coastal climate.
Not only will an outdoor living space add to the resale value of your property, but it will also increase its appeal to buyers. Patio furniture, rugs, and outdoor lighting create a welcoming and relaxing ambiance. Even simple landscaping projects like planting flowers and trimming hedges can make the yard more attractive.
Painting The Exterior
Painting the exterior of your home is a great way to increase its resale value. The exterior gives potential buyers a first impression of what's inside, but it's crucial to consider the entire home when deciding on the exterior color. By painting the exterior of your home, you can increase its value by up to 2.9%.
When choosing a paint color, remember that the color should appeal to a broad range of buyers. Avoid using a palette of pastels or colors to make the house look smaller or choppy. Instead, stick to a neutral gray for the body of the house and a lighter color for the trim and front door. In addition, make sure to replace exterior paint if it starts peeling or cracking.
