8 ways to boost your home value
Whether relocating or upgrading, selling your existing home can be a challenge . But according to a recent survey by Consumer Reports, there are 8 renovations that can be done to maximize your profits.
1. The kitchen is still King.
Go for stainless steel appliances because it gives off a clean, contemporary look and quartz counter tops will be more durable than any of the other stones. A modern kitchen can boost your home value by 3-7%.
2. Make the floor plan work harder.
Bigger isn’t always better. An open floor plan for flexible living space, a finished basement, flex rooms, and upstairs laundry can add 4-6% more value to your home.
3. Don’t let your home be an energy hog.
High efficiency windows, LED lighting, energy efficient appliances such as a water heater and lowering the homes energy cost can add 1-3% to the value.
4. Keep it simple and stress free.
Avoiding stain-prone stone counter tops, grime-collecting ornate cabinets, and dust-catching wall-to-wall carpet could increase your value by an estimated 3-5%. Buyers will view that as extra work for them. Instead focus on durability, updated systems, hard wood flooring and a new roof.
5. Build a home for the ages.
By 2040, 21% of the population will be senior citizens. Most seniors will be looking for safety accommodations such as a walk in shower, a first story master bed room and comfort height toilets. This suggestion could increase your value by 1-2%
6. Paint is still a potent upgrade.
Paint keeps your home looking best while also defending its surfaces from wear, tear, and the elements. Use high quality paint in a neutral color scheme could increase your value by 1-2%.
7. Remember the great outdoors.
Remembering the rule of low upkeep, try adding a a deck or patio, with room for seating and a built-in or freestanding grill and add 3-5% of value.. Keep in mind, curb appeal is important. A fresh painted door, replacing worn out siding and trimmed shrubs can make a huge difference.
8. Make sure your new technology is smart.
Make sure to be smart when installing high tech gadgets. Technology changes rapids so getting the latest People are looking for a programmable thermostat such as NEST and whole house generators. Adding smart technology will boost your value 3-5%.
Not only can these suggestion from consumer reports bring value to your home but they may also help you save money on your home insurance. If you like to find out yourself, please contact us or request a quote.
To read the original article posted by Consumer Reports, please click here.
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