Do you know how much the homeowners in the United States made for selling their home in April 2018? A whopping $407,300, that’s how much!
This shows a considerable jump from the $377,800 average home sales price in January this year. It also displays the continued increase in existing home prices, which already rose 5.8% from December 2016 to 2017.
This doesn’t automatically mean you can sell your house for the same price though. You first need to improve your home’s value – your ticket to getting the best possible resale price.
Even if you don’t intend to sell, you should still consider adding value to your home. For the simple reason that these improvements will help transform your house into a home.
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% of them said they would likely recommend green homes to their family and friends.
These show how consumers nowadays put importance on green construction. With solar energy offering 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).
This means, on average, households pay nearly $1,430 for their electricity bills alone!
It would help if you also considered the historically upward trend in electricity rates. Over the last ten years, the average rates showed an increase of 2.2% every year. 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.
Its 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 too, so that’s another bonus.
3. More Space, Please
You don’t have to buy more land only to meet this goal. You have several strategies to increase the living space in your home, which makes it even more comfortable and livable.
Of course, it’s also one of the best ways to increase home value at the same time.
For your reference, an “open floor plan” is one of the hottest features many home buyers nowadays look for. As such, space-saving or space-creating additions to your home are key to improve 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. Mirror, Mirror on the Walls
Make your home feel more welcoming and even look bigger with mirrors on strategic locations.
Mirrors, with all their reflecting glory, can help maximize 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 also helps boost your home’s value.
6. Money-Saving but Pretty Windows
How does lowering your energy bills by 12% sound?
Music to the ears, right?
Then include high-efficiency, Energy Star-rated windows in your list of home value-improving add-ons!
Apart from the considerable savings, you’ll get, you’ll also enjoy greater comfort throughout the house. These windows help prevent heat gains/losses, so you’ll have less hot/cold spots. They’re also available in a variety of styles and designs, which means 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 cut your energy bills further, while also making 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 for it, 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!
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