Owning a home is exciting. It is a wise financial decision that can pay dividends over time as your home builds equity. It is also an emotional experience to watch your home and property grow in value. Several factors will determine how quickly your home goes up in value, including the housing market in Atlanta, the economy, and where your home is located in the city. However, as a homeowner, you can do things over time to increase your home’s appeal and potential selling price.
Energy efficiency lets you reduce utility bills while owning your home. When you are ready to sell, these upgrades are attractive to potential buyers. Many buyers are interested in homes that already have energy-efficient features because it lowers the home’s cost.
If your home has older appliances that use a lot of energy and make the interior look like it’s out of the 1990s, it’s time to do an upgrade. Even if you purchase medium-range price appliances that are energy-efficient, this can help increase the sale price.
A superficial change may increase your home’s curb appeal more than expensive and unseen renovations. A fresh coat of paint can make your home look brand-new. It is an inexpensive investment that can pay dividends. Some experts believe that adding a fresh coat of paint to your home and adding other fixes, like changing the front door and replacing old lighting fixtures, can increase your selling price by 5%.
Bathrooms and kitchens are what sell homes. Did you know that a well-remodeled bathroom or kitchen can offer a 100% return on investment? That number could be even bigger based on the finishes you choose and how much of the work you can do yourself.
The value of finishing your basement, attic, or other unfinished spaces is not to be understated. Every finished square foot of your home will be calculated when determining your home’s market value. Even if you are not looking at dropping tens of thousands of dollars to do a heavy-duty makeover, just adding carpet and putting up drywall can make an unfinished basement a profitable section of your home.
You can find an excellent company that specializes in roofing in Atlanta to put a mid-range asphalt roof on your home. That new roof can increase the value of your home so that you get a return on investment. Of course, in addition to purchasing a new roof, you will need to keep your roof in good repair. Homeowners expect that your roof is leak-free, that it looks appealing, and that it will last for years to come. If your roof is not in good condition, most people will be reluctant to buy it. Few people have the energy or the money to undergo major roof repairs after purchasing a new home.
Local appraisers will notice if your roof is in poor condition. It will immediately devalue your home. If your roof is under ten years old and has one or two minor issues, it’s probably best to have the roof repaired instead of purchasing a new roof.
One of the most significant ways to increase the value of your property is to replace your windows. Windows affect the way your home looks and how it functions. With time, windows can be hard to open and close. They may have other issues that impact their function. Condensation might start to form inside or outside the window panes. They may have leaks or become drafty. All these things lower the value of your home.
New windows add value to your home. During a resell, you will be able to recoup up to 70% of your investment. It is best to install energy-efficient windows. Energy-efficient windows improve insulation and save money on energy costs. They may potentially cut your energy bill by 35%.
Now is the perfect time to increase the value of your home for appraisal. Depending on your budget, you may want to start small by adding a new coat of paint and changing some of the finishes of your home. Each improvement makes your home more valuable.