How To Maximize the Value of Your Property Before Selling

The easiest and most impactful thing you can do to add value of your home is to improve the visual aesthetics of your property inside and out. Curb appeal plays a critical role in a home’s value. It is how the house looks from the street, compared with its neighboring properties, and can make a big impact on a potential buyer’s perception of the home.

Therefore, guaranteeing you have a well-maintained landscape and front yard is essential. To boost the value of your home, consider sprucing up your outdoors with plants, cleaning your driveway, walkway, garage, and even the entire front of your house.

Moving to the inside, renovating each room will undoubtedly maximize its potential sale value. But this will cost a significant amount. Because of this, you will want to follow the guidance provided by the National Association of Realtors. According to their 2019 Remodelling Impact Report, renovating a kitchen and bathroom will offer you the highest return on investment (ROI).

The findings suggest that the cost recovery for a kitchen upgrade is 59 percent, and for a bathroom, 50 percent. Additionally, both suggest that completing these projects help close a sale, making them excellent investments.

The above outlines a superb way of increasing home value, but installing energy conservation features is another easy thing you can do before selling your home. By getting these installed on your property, the next homeowner can benefit in a multitude of ways, including environmental and economical.

Today, homeowners have never been so invested in reducing monthly utility costs and decreasing the effects they have on climate change. Therefore, energy conservation features installed within a home are the future. It is also expected to increase the overall value of your home and helps it appeal to environmentally conscious buyers. Some of the features you should consider installing are below:

The above sounds costly, but incentives open much more possibilities. Homeowners can apply for an Energy-Efficient Mortgage (EEM), which provides significantly better rates than traditional bank mortgages when making their home more “green”. With a variety of incentive programs, you could reduce the cost of utilities and dramatically enhance the value of your property.

Combining energy conservation features and smart technology is another home improvement that adds value. Technology is the future, and homeowners are starting to embrace the benefits you can receive by implementing it within your daily lives. They offer optimal convenience because they are easy to control, are accessible for everyone of all ages, and some devices can enhance the overall safety of the occupants inside the home.

Smart technology can provide advantages to many people, making your home more valuable. The type of smart features vary, but some examples are locks, doorbells, CCTV cameras, thermostats, automatic shades, home security systems, smoke detectors, speakers, and lights.

Each device can be considered “useful,” depending on an individual’s requirements. But you will need to be practical about installing them. For example, if you currently live in a a neighborhood with a relatively high crime rate, ensuring the next homeowner is safe with an innovative smart security system and locks will undoubtedly provide them peace of mind.

A more significant project you can begin to add value to your home is adding square footage. Although the figure will fluctuate from state to state, Statista suggests a median price per square foot in the US is $122.12. By becoming knowledgeable on this figure, you can quickly determine how much you can increase home value by adding an extension.

But you will want to approach this strategically. The safest route is to add a master suite, attic conversion, or basement. These have all been classified as “safe” interior projects that have proven to increase value. To understand how much these investments can increase your property’s value, see the below: