7 Home Valuation Boosting Tips

The average sales price for a home in the USA was 543,700 in 2022. However, by the end of 2023, the expected average sales price will be 380,000 – quite a drop! The property market is cyclable, and we are in a slump where houses are more affordable.

For homeowners who paid more for their home than it is now valued, don’t panic! You can improve your home’s value every time you renovate it. :).

Over time, the property increases in value, and you can ensure it holds its value well when it is well-maintained and has what homebuyers want.

Even if you don’t intend to sell any time soon, the upkeep of your home should be a priority. Not only will the improvements be enjoyed by your family, they will ensure if you have to sell, but your property is also ready to achieve the maximum sales price.

But how exactly can you boost your home’s livability and value?

Read on to find out about the seven add-ons that’ll do the trick for you!

1. Go Solar

Solar power for home use provides not just a significant home value-boosting component; it also gives you a chance to participate in the green revolution.

Here’s something to put things in perspective:

A study found that as much as 95% of green homeowners agree that their property’s eco-friendliness is satisfactory. Furthermore, 94% said they would likely recommend green homes to their family and friends.

These show how consumers nowadays put importance on green construction. Solar energy offers one of the best ways to an eco-friendlier home, making the switch ASAP will add considerable resale value to your home.

Even if you choose to live in your home for your entire lifetime, a solar-powered house can help you save a lot of money on your electricity bills. How?

Consider the fact that as of March 2018, the average price of residential electricity in the country was at 12.99 Cents per Kilowatthour. Now, multiply this by the average electricity use of households every year (11,000 Kilowatthours).

On average, households pay nearly $1,430 for their electricity bills alone!

It would help to consider the historically upward trend in electricity rates. Over the last ten years, the average rates increased by 2.2% yearly. This means a high possibility of a continued rise in the following years.

With solar energy, you no longer need to worry about your household’s electricity bills becoming more expensive. You’ll also feel better knowing that you contribute to nature preservation.

2. Still Steel

Or, to be more specific stainless steel.

It’s impressive resistance against rusting and corrosion is one of the primary reasons many home kitchens feature them. Think stoves, ovens, fridges, countertops, fixtures, and cabinet handles. It’s also why professional kitchens boast of them.

Its ease of maintenance and durability make it even more valuable to homeowners and buyers alike. Thanks to the long lifespan of stainless steel products, potential buyers see this as a money-saver. Since they most likely wouldn’t need to spend on kitchen upgrades, your home will look more favorable to them.

Don’t forget that stainless steel looks modern and sophisticated, which is another bonus.

3. More Living Space, Please

You don’t have to buy more land only to meet this goal. You have several strategies to increase your home’s living space, making it even more comfortable and livable.

Of course, it’s also one of the best ways to increase home value simultaneously.

For your reference, an “open floor plan” is one of the hottest features many home buyers nowadays look for. Space-saving or space-creating additions to your home are vital to improving home value.

For instance, finishing the basement won’t require you to acquire more space. However, since this home improvement project adds a lot more usable space; you can improve your home’s resale value.

4. Mirrors

Make your home feel more welcoming and significant with mirrors in strategic locations.

Mirrors, with all their reflecting glory, can help maximize the natural lighting you get from the sun, and this can make a massive difference in the function of dark rooms and help keep injury-causing accidents at bay.

5. Water Heater to Cool Down Your Electricity Bills

Not a lot of people know this, but water heating accounts for as much as 17% of a home’s energy use! It’s the largest energy-using appliance next to your HVAC (heating, ventilation, air conditioning) system.

The good news is you’ll now find more energy-efficient, money-saving hot water systems in the market. Upgrading your existing one will set you back around $1,800 to $2,400, but the long-term savings you can enjoy are worth it. Also, since it’s an eco-friendly upgrade, it helps boost your home’s value.

6. Money-Saving Energy-Efficient Windows

How does lowering your energy bills by 12% sound?

Music to the ears.

Then include high-efficiency, Energy Star-rated windows in your list of home value-improving add-ons!

Apart from your considerable savings, you’ll enjoy greater comfort throughout the house. These windows help prevent heat gains/losses, so you’ll have fewer hot/cold spots. They’re also available in various styles and designs, so you’ll find the perfect fit for your home.

7. Light with LED

Light up your house and the surrounding area with LED lights. They’re a great way to reduce energy bills and make your home greener.

Aside from lasting for as long as 100,000 hours (that’s not a typo, mind you), LED lights also have a brighter shine. This translates to needing a lower wattage (which means lower energy use, too) but still enjoying optimal illumination.

There’s also the fact that they’re 100% recyclable, making your home’s value go even higher.

Improve Your Home’s Value with These Tips Now

Increasing home value doesn’t have to cost you a lot. But of course, to improve your home’s value and get the best sales price, you want to invest in more than just a few buckets of paint. These add-ons will help you pull your home’s resale price up, and if you stay in your home, make it a lot comfier for the entire family.

So, as early as now, get these add-ons! Also, don’t forget to check our blog’s Sell section. We’ve got more useful home-selling tips waiting for you there!