Sales of existing homes in July declined by around 20 percent compared to a year ago. The decline comes as the housing inventory of existing houses has increased since the start of the year. Despite this, many homeowners are still enhancing their homes to increase their resale value.
It’s essential to make some necessary improvements to get the best return on your investment if you’re planning to sell your home soon. This article will discuss some tips for increasing your home’s resale value.
Update your home’s exterior.
Homebuyers are increasingly focusing on a home’s exterior when considering whether to make an offer. Updating your home’s exterior can be inexpensive to increase its resale value. You can paint the exterior, add new landscaping, and install a new mailbox and address plaque.
A fresh coat of paint, new windows or doors, or a well-maintained lawn can make a big difference. Additionally, installing a new roof or updating the siding can be costly. But they’re also some of the most impactful upgrades you can make.
If necessary, you should check and repair the roof of the house. In this situation, you should work with the best roofing company in the area to repair any damage on the roof. The company should have the knowledge and experience to ensure that your roof is repaired correctly. It is also important to repair any damage to the gutters and downspouts. This will ensure that water can flow freely from the roof and not cause further damage to the home.
Upgrade your home’s interior.
When it comes time to sell your home, you want to ensure that it is in the best condition possible to get the best return on your investment. One way to do this is by upgrading the interior. This can include painting the walls, replacing the flooring, and installing new fixtures and appliances.
Upgrading your home’s interior can offer many benefits. Not only will it make your home look more appealing to potential buyers, but it can also increase its resale value. In addition, upgrading the interior can make your home more comfortable and convenient to live in. So, if you are considering selling your home, consider upgrading the interior as one of your top priorities.
Add a porch or deck.
Adding a porch or deck to your home is a great way to increase its resale value. A porch or deck can provide extra living space and added curb appeal. A porch or deck can also be a great place to relax or entertain friends and family. If you are thinking about adding a porch or deck to your home, be sure to consult with a professional contractor to get the best results.
Outdoor spaces also require less maintenance than indoor spaces, saving you time and money in the long run. They also increase the perceived value of the home since homebuyers enjoy having outdoor spaces in a home.
A porch or deck allows you to enjoy the outdoors without leaving your home. You can enjoy the fresh air and beautiful scenery without traveling far.
Porches and decks add value to a home by increasing its square footage. By adding a porch or deck, you are essentially increasing your home’s size, making it more attractive to potential buyers.
Replace old windows and doors.
Replacing old windows and doors is essential for a few reasons. It makes your home more energy efficient, saving you money on utility bills. Energy-efficient windows also help to protect the environment by reducing greenhouse gas emissions. New windows and doors can also add to your home’s curb appeal, making it more attractive to potential buyers.
Replacing them can also improve the overall look of your home, making it more appealing to potential buyers if you decide to sell in the future. You should look for windows and doors that are ENERGY STAR certified to be sure you are getting the most energy-efficient products available.
It’s essential to choose windows designed to withstand those conditions if you live in an area with extreme weather conditions. If your area is prone to hurricanes, you’ll want to ensure your windows can resist high winds and flying debris. If you live in an area with severe winters, you’ll want to choose windows that will help to insulate your home and keep it warm.
Update your kitchen cabinets and appliances.
Kitchens are one of the most important rooms in a home when it comes to resale value. Not only do updated kitchens look great, but they also offer potential buyers the latest and greatest in features and functionality. If your kitchen is outdated or needs repair, consider updating your cabinets and appliances. This is one of the best ways to increase your home’s resale value without breaking the bank.
If you are considering selling your home in the future, you should consider these upgrades as top priorities.