5 Ways to Increase Your Home Value in 2019
It seems like everywhere you look new homes are popping up in neighborhoods all over the United States and the world. More than 65% of American home-owners believe that their home values will continue to rise over the next ten years. The question that is most frequently asked among homeowners is, what are some things that we can do to raise the current value of our home and how can we achieve them in the coming year? Well, you've come to the right place because we're going to tell you. Here are our top 5 Ways to Increase Your Home Value in 2019.
1. When it Comes to Energy, Don't Let Your Home Gobble it Up.
"Energy efficient" was second only to "safe community" on a list of qualities that would influence potential homeowners on purchasing. Older homeowners, who have dealt with the rising energy costs, are driving interest and buzz around energy efficient homes. A lot of Millennial's are in support of low-energy homes are are even requesting "two years worth of utility payments when purchasing homes" according to Joe Rivellino. You might want to consider adding in high efficiency windows which will lower your homes energy bills 7-15%. You can also replace your lightbulbs with LED bulbs. This will raise your home value and be a really innovative move that you and your family will reap the joys of for years.
2. The Kitchen is Still the Heart of the Home.
For decades, potential home buyers have focused on one room to be the heart and center of the home: the kitchen. This rings true with today's current homebuyers, but we believe it's even more important to first-time home buyers. For Millennial's, a modern and updated kitchen is what draws them to a home. If you're planning on selling, don't neglect updating your kitchen. Adding new appliances, countertops, flooring and fresh coat of paint should only cost you around $5,000. Making these small changes will add a cohesive look to your home.
3. Build a Home that Will Beat the Test of Time.
Our current housing stock isn't equipped to accommodate our senior citizens. Between steep staircases, slippery bathtubs and showers, and doorways that are too narrow for walkers to fit through, our seniors won't stand a chance. A lot of homeowners are making the necessary changes to their existing homes and this won't only benefit seniors, they'll benefit everyone!
4. Paint is Still Considered an Upgrade
Whoever said that changing the paint color wont do anything, has clearly never changed the paint color of their drab walls. A quick coat of paint has the potential to switch up your whole space and make everything look more cohesive and put together. If you're looking to sell, instead of spending all of your precious penny's repainting the whole house, touch up areas that need it, and focus on only repainting high-traffic areas. You could even do a really unique accent wall that will double as a focal point of the home, bringing up your home value. Pro Tip: Stick to a neutral color palette when selling. Whites and off whites remain the top-selling interior colors and will appeal to a wide range of people looking to buy your house.
5. Don't Forget About The Outside
Often times we can be so focused on upgrading the inside, that we forget that the outside is just as important. If you can add a back patio or porch, some outside seating and a grill, you'll drastically increase your home value. People want to know that there are plenty of rooms to entertain in to have friends/family over. Make the outside of your house another opportunity to let people envision themselves living at your house. Pro Tip: Consider your potential buyer. People looking at your house will most likely be Millennials, so while they'll want an outdoor space for entertaining, they want it to be low maintenance. For example, instead of a pool that would be high-maintenance, add in a fire pit and simple seating around it. This will appeal to a wide range of people and bring the value of your home up.
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