A home’s appraised value is tied to the current real estate market and often to the economy as a whole. There are options available to add value to your home despite these external factors. It’s easy to get caught up in the work of home improvement, but keep in mind that some projects do more than others to improve property value.
Add Value to Your Home: Efficiency and Modernization
People are unique in their tastes and this includes the style of home they hope to buy. Whether a home has a timeless rustic appeal or a sleek modern appearance, updating the main systems and renovating outdated components is a sure way to add value to your home.
A Smart Home is a Smart Decision
Improve your home’s value by automating the systems within. Your family will appreciate the convenience and functionality of modern smart home devices.
- Install a smart thermostat for your heating and air conditioning system. This allows you to automatically adjust the temperature of your living space for specific times of the day. A smart thermostat provides significant energy savings in the long run.
- Lighting can be automated with specially designed smartbulbs, allowing you to fully control your home’s fixtures from a phone or tablet. By programming times for the lights to be turned off, you will use less energy. You can also control the lighting when you’re not at home, providing an added measure of security.
- Many modern security systems can be integrated with your phone via Bluetooth or apps from the manufacturer. These systems send your phone updates when an alarm goes off. They can be fully reset and reconfigured for new residents if you sell your home.
Other Ways to Make a Home More Valuable
Smart devices are currently very popular, but there are many other practical ways to modernize your living space, increase overall safety, and reduce energy bills, which will add value to your home.
- It’s a major investment but look into having solar panels installed for your home. Solar power will appeal to many buyers, reduces energy costs significantly, and will qualify you for tax credits.
- Take steps to improve the safety and overall condition of your home. Install a privacy fence, invest in additional smoke and carbon monoxide detectors, and replace outdated plumbing and electrical components to meet current building standards.
- Upgrade areas of the home that see the most traffic, such as the kitchen and bathrooms. Improving these areas is a major selling point for prospective home-buyers and will be one of the most valuable improvements to the home you can make.