There are two main reasons you want to increase the value of your home. The first is home equity, and the second is placing your home on the market. Home equity is one of the most valuable assets you can possess. You can increase this equity by increasing the value. Should you decide to sell your home in the future, the higher the value, the higher the selling price. Let’s take a look at how you can increase the value of your home.
Adding on to Your Existing Home
The fact of the matter is that larger homes tend to sell for more money. Whether you want to add on specifically or need more room for a growing family, the addition of square footage will only add value.
Increase Energy Efficiency
Increasing the energy efficiency of your home saves you money on your energy bills. Not to mention, homebuyers will find an energy-efficient home attractive. Here’s how you can increase the efficiency of your home:
- Replace older windows and doors
- Add a layer of insulation in the attic.
- Seal leaks around doors and windows
- Replace your older roof with a newer, more energy-efficient one.
- Upgrade to energy-efficient appliances
Update Major Systems
Updating your home’s major components is beneficial whether you plan to stay in your home for the next 30 years or sell it tomorrow.
- Replace worn out HVAC systems
- Replace older roofs
- Update old plumbing
- Replace out-of-date septic systems
- Upgrade outdated electrical systems
Invest in Aging in Place Upgrades
An increasing number of seniors are choosing to age in place in their current home. If you feel this is the right choice for you, then it is advisable to take advantage of senior housing wealth and consider installing modifications that will allow you to age in place. Upgrades such as a ramp to your front door make your home more functional and increase its value if you do decide to sell in the future.
Add Technology
Not only will you find technology in your home convenient but so will potential buyers. For instance, you can add smart cameras, locks, lighting systems, thermostats, fire detectors, carbon monoxide detectors, and voice control for appliances such as your washer, dryer, refrigerator, television, etc.
Spruce Up Your Outdoor Space
A functional outdoor space is a feature of your home that you will enjoy for years to come while increasing its value. Invest in practical yet aesthetically appealing landscaping. Incorporating a deck, porch, or lanai will give you and your family a place to relax or entertain. The addition of an irrigation system and solar-powered lighting will also increase your front and backyard’s functionality and value.
Looking to Sell?
The bottom line is that you cannot go wrong by increasing the value of your home. You want a space you and your family can enjoy for years to come. However, if life takes a different turn, it is vital to get top-dollar for your home. If you are looking to sell your Lake Mary home, trust the best Lake Mary realtor. With over 30 years of experience in the real estate industry, Gitta and her team will guide you through every step of the process to help you sell your home at the highest price point possible. Feel free to reach out with any questions you may have at 407-330-2181 or gittasells@gitta.com.
