6 Ways to Increase the Value of Your Home

In today’s hot housing market with limited inventory, you want to make sure you get the highest value for your home. Whether your goal is to renovate your home or sell it, making home improvements can increase your home’s value. The real estate experts I spoke to advised me on what’s popular and in demand among todays buyers.

Energy Efficient Homes

An energy efficient home is designed to conserve and reduce energy use. A home’s construction, appliances, and major features can all impact efficiency. Today, families want to reduce energy use without sacrificing performance, in addition to protecting the environment.

Upgrading your appliances and investing in the most efficient models (Energy Star) will save you money immediately while adding value to your home. You can also check-out other efficient ways to heat and cool your home here.

Smart Home

Smart homes allows you to tap into high-tech functionality and luxury that wasn’t possible in the past. As technology development continues to expand, so will the possibilities for consumer home automation.  Making life easier more enjoyable while providing security, convenience and peace of mind. With just a touch on your phone smart homes can seamlessly be controlled from anywhere around the world. Some Smart Home features you can find includes but not limited to:

• Security
• Lighting
• Appliances
• Keyless Entry

Smart lighting systems provide homeowners with numerous benefits. Homeowners can control lights remotely just by using an app on their phone.

Smart thermostats can minimize energy costs and track energy usage all on your phone. This gives homeowners the power to adjust their thermostat preferences so they can decrease energy costs.

Smart appliances offer a great level of convenience. You can turn ovens on using your voice and check the contents of your fridge using your phone.

Smart Locks keyless entry can remotely lock or unlock your door, check door status, grant and revoke guest keys, and see who’s coming and going.

Fresh Paint

 

One of the simplest and most inexpensive ways to increase the value of your home is by painting. If your selling your home stick to earth tones and nature-based colors. Many people have a visceral reaction to bold colors and the buyers’ first thought is they will need to repaint.

Switches and Outlets

Unless they’re broken, it may seem trivial to replace outlets and switches in your home. However, they are one of the most important things to keep updated in your home.

Two-prong outlets are also common in older homes. They are outdated and inefficient due to lack of grounding causing a potential a fire hazard.

Curb Appeal

First impressions have a big impact on the value of your home. Affordable landscaping and other modest enhancements can help increase value to both appraisers visiting your house and potential buyers looking for a home of their own.

Floors

It’s no surprise todays home buyers top choice for flooring is hardwood floors. According to a survey conducted by the National Wood Flooring Association, real estate agents agreed that homes with hardwood floors are easier to sell and sell for more money — up to 10% more than an identical home without wood floors.

Although many buyers would be happy to find hardwood over carpeting, not all hardwood floors are equal.

Conclusion

Updating your home is a great way to add value before selling. You don’t need a huge budget to make changes to your property. The smallest of changes can make a great impact and increase your homes value.

Contact your Local Contractor or Real Estate Agents for more ways to increase your homes value.  If you in live in the Honolulu area, feel free to contact us.