Many homeowners think boosting a home’s value requires upgraded kitchens, bathrooms, or room additions. What if it was easier than that to increase your home’s value? What if making smaller, sustainable renovations could make your home worth more?
It’s possible, but you have to choose the right renovations to make it worth it.
Replace the Windows
New windows have two benefits. They increase a home’s energy efficiency and they can increase a home’s curb appeal. It’s like hitting two birds with one stone. Buyers love new windows because it’s one less expense they have to worry about anytime soon.
To improve your home’s energy efficiency, though, you need energy-efficient windows. The cost may seem high, but you’ll recoup the cost with lower utility bills and less wear and tear on your utilities.
Talk with your window supplier about the various options available. If new windows aren’t in the budget, discuss small changes you can make. Reflective coatings on your windows are a popular one. Reflecting the light helps lower the home’s temperature and lowers the use on the A/C. Sometimes adding weather stripping or fresh caulk helps increase the home’s energy efficiency too.
Add Solar Panels or Skylights
Letting the sun stream into your home through solar panels or skylights help increase a home’s value too. The power of the sun in your home reduces the amount of electricity used as well as regulates the use of utilities.
Solar panels do come at a hefty cost, which some balk at, but the return on your investment is quickly attained. In addition, many buyers prefer homes with solar panels or skylights for the reduced carbon footprint the home makes. They also prefer the decreased use and abuse the utilities take.
Get New Appliances
What buyers don’t love new appliances? If a buyer had a choice between a used refrigerator that you had for five years or a brand new, energy-efficient refrigerator, the choice is obvious. Buyers view homes with their senses before making a logical decision.
Energy-efficient appliances help increase the appeal of the home and the home’s energy efficiency. Your home’s value may not increase directly because of the new appliances, but buyers may be willing to pay more for the home because of them.
Install a Smart Thermostat
A smart thermostat isn’t a huge investment and it may not seem like it will change a home’s value, but it has significant appeal. A smart thermostat does more than allow you to program it. The ‘smart’ feature helps the thermostat learn the habits of your household. It then helps lower your utility bills by decreasing the use of unnecessary energy. A smart thermostat helps decrease your utility bills and makes the home more appealing.
These top sustainable renovations decrease your home’s carbon footprint and help increase your home’s value. Buyers prefer energy-efficient homes and will often pay more for them than a home with old systems or less energy-efficient materials.