If you’re looking into putting your home on the market in the near future, you may want to start thinking about both exterior and interior renovations that can be made in order to increase your home’s resale value. A good example is to increase your home’s energy efficiency by installing things such as solar panels. Eco-friendly homes are becoming more and more desirable, so even the smallest energy efficient installments will really boost up the amount that your home is worth.
- Typically, for most US citizens, the biggest investment they have is the residence they own, or live in.
- It makes sense therefore for home sellers to perform some repairs and upgrades on their home before they sell it, to make the best turnaround on their investment.
- While home image and functionality are important, the big game changer and possibly the best place to spend your remodel dime today is on energy efficiency enhancements.
“Ferrandi recommends upgrading HVAC, water heaters, and windows — these changes cost less than solar panels and are more likely to provide a positive return on investment when the time comes to sell. When you sell, you can recoup around 73% of the costs of upgrading 10 old windows with new ones, and your energy bills will be lower in the time before your move.”