How to Increase Home Value Before Selling
Did you know that in the second quarter of 2022, the average selling price of U.S. homes reached $525,000? That’s a significant increase of $84,400 from the same quarter of the previous year!
That doesn’t automatically mean you can sell your house for the same amount. However, you can price it higher after making the right improvements.
To that end, we came up with this guide on how to increase home value before a sale. Keep reading to discover what you can do to up your property’s selling price.
Work on Your Home’s Curb Appeal
Your property’s curb appeal and that of your neighbor can account for as much as 7% of your home’s value. After all, it’s the first thing people see on the street. Therefore, it significantly influences a buyer’s first impression of your house.
For the same reason, improving your home’s curb appeal can boost its value once you sell your house.
Start by de-cluttering your yard, then repainting your fence or mailbox. You can then move on to washing your windows and power washing your home’s exterior walls. Adding planters, pruning shrubs, and removing dead tree branches can also help.
Prioritize Repairs of Critical Systems
Homes in excellent condition usually sell faster than those needing many repairs. After all, most buyers want to move in and start living in their new house soon after they’ve made the purchase. But they can’t do that if they buy a home with defective components, structures, and systems.
So, hire some top rated handyman services in Arlington VA or wherever you live to check your home’s plumbing, electrical, and roofing systems before selling it. You can then ask the inspector which ones require immediate attention.
A perfect example is a faulty electrical system, which can lead to a house fire. So you know, electrical malfunctions are the third leading cause of residential fires in the U.S.
Home renovations involving plumbing and roofing leaks can also help boost its value. Having appliances and electronics serviced before selling your home can also help.
Invest in Energy-Efficiency Upgrades
Energy-efficient upgrades could reduce energy bills by as much as 30%. So it’s no wonder most house shoppers want such features in their new home. So much so that houses with high energy-efficient ratings have sold for 2.7% more on average than those that don’t.
In addition, energy-efficient homes sell faster than their non-efficient counterparts. That’s a fantastic perk, as it can take months to find a buyer, according to Nashville.webuyhouses.com.
When considering energy-efficient upgrades, opt for Energy Star-rated products. These include appliances, windows, and lighting that have passed stringent EPA efficiency tests. For example, Renewal by Andersen windows offers a wide range of custom, energy-efficient windows and patio doors.
Apply New Paint
A fresh coat of paint can boost your home’s value by up to 5%. However, it would be best if you stick to neutral colors, like white, cream, light blue, or greige. They can help increase the visual size of spaces and also help brighten darker rooms.
That’s How to Increase Home Value
There you have it, all the top strategies that can increase home value and selling price. Now you know that even something as simple as tidying up your yard or applying new paint can help. From there, hire a pro for home repairs, and don’t forget to invest in energy-efficient upgrades.
Would you like to read other informative guides like this? We’ve got plenty to share, so feel free to browse more of our blog now!
