All across the country, home sellers are selling their homes for well above asking price. How? Well, after the pandemic, homeowners are staying in their homes longer, creating a buyers’ market. As a result, homeowners are more invested in making improvements to their homes. On the top of their lists are home maintenance and renovation projects.
If you’re wondering which home improvements add value and greater ROI, you’ll especially love these tips. Here are some home improvement ideas to try to add value in 2023.
Go Green With Home Appliances
Green home appliances are not only good for the planet, but they’re also great for your wallet. Many homeowners have been making the move toward more green upgrades in their homes that save water and energy. They are also choosing to do home maintenance projects that improve the longevity of their property.
In addition to the monthly savings, the federal government may even offer incentives to those who make certain energy-efficient upgrades.
Green upgrades may include:
- Smart thermostats and outlets
- Solar panels
- Tankless water heaters
- Upgraded insulation
Deep Clean To Add Value
Getting your home deep cleaned is possibly the most unexpected but most lucrative upgrade. Homes that have been deep cleaned before listing on the market sell for $10-$20 thousand more than homes that haven’t had the same treatment. Hiring someone to do it for you is relatively cost effective.
This works because homebuyers can better visualize themselves in your space. They feel more comfortable moving in and starting fresh than in a home they’d have to clean themselves.
Level Up Your Front Porch & Outdoor Spaces
The pandemic has transformed our outdoor spaces into cherished parts of the overall living space. So refreshing your deck, patio, or front porch may net you a big return in climates where outdoor space is coveted.
But renovate with caution. While home buyers may be looking for outdoor spaces, there is such a thing as overdoing it. For example, backyards are typically spaces that don’t recoup a ton of investment. You can spruce up this area but be mindful that buyers may be looking for a neat, well-kept blank slate.
Read up on curb appeal mistakes to avoid for more information.
Consider Projects with Nature in Mind
With mudslides, wildfires, and floods across the country, a lot of people have their minds on natural disaster mitigation and ensuring they are prepared for emergencies. This is why these upgrades are making home sellers big bucks in 2023. Everyone thinks about having a home emergency plan but often puts it off until it’s too late. When you make these upgrades, you give future homeowners peace of mind and that’s something they’ll pay a premium for.
Examples of natural disaster home improvement projects include:
Energy-efficient appliances
New windows
Switching to drought-tolerant landscaping
Fire-resistant landscaping
Raising homes in flood zones
Which home improvements add value to Denver homes?
We spend so much time in our homes, and curb appeal is at the top of the list for homebuyers.
At American Garage Door, curb appeal is our love language. We create custom garage doors that highlight your home and make it the gem of the neighborhood. You can also turn to us 24/7 for any garage door service or maintenance you need. Contact us today for more information.
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