How to Increase the Value of Your Home in 2021

Home is not only where you live ‒ it’s an investment with the potential to help you build wealth and reap the rewards of proud homeownership.

Are you looking to increase the value of your home in 2021? Whether you’re putting your house up for sale in the next year, interested in building equity, or determined to knock out your project to-do list, now is the time to start mapping out how you’ll increase your property value in the coming year.

Improve your property value and achieve your real estate goals! Let’s get started.

Spruce Up Your Curb Appeal

How your home looks to pedestrians and passersby can seal the first impression your home leaves on potential homebuyers. Plus, with more of us looking for socially-distanced ways to pass the time in the coming months ahead, chances are there will be more people driving around looking at real estate and neighborhoods in 2021. 

If you’re planning to sell your home soon, improving your curb appeal is a must. Luckily, there are all types of easy and low-cost home improvement projects that can help lay the foundation for a successful home sale. 

So, what are some ways you can enhance your curb appeal and reel in more buyers when it’s time to sell? Here are some ideas:

Repaint the Front Door

Nothing pops more than a bold and beautiful front door. Choose a front door color that complements the style of your home, as well as your unique neighborhood.

Pressure-Wash the Siding

Grime, dirt, cobwebs, and soot can accumulate on your home’s siding over time, making your home appear dull and dirty from a pedestrian’s perspective. 

Give the exterior of your home a bright facelift by pressure washing the siding, front porch, steps, or walkway (and have the windows professionally cleaned while you’re at it, too!)

Combine Landscaping & Hardscaping

From pruning the trees and starting a garden to installing a walkway or a brick flower bed, there are all types of landscaping and hardscaping projects to maximize your curb appeal. 

By incorporating both landscaping and hardscaping in your front yard, you’ll transform the way it looks, make it more accessible, protect against erosion, and improve the health of your lawn, trees, and plants.

Improve Your Energy Efficiency

Ohio has the 13th highest utility rate in the US, with the average energy bill totaling near $450 per month… Sound familiar?

With more emphasis on “going green” and energy costs only on the sharp rise, property value and energy efficiency will continue to go hand in hand in 2021. By taking proactive steps to become more energy-efficient, you’ll not only save more on your monthly energy bills but improve your resale value in the process.

Here are some eco-friendly upgrade ideas!

Weatherize Your Property

Ohio is no stranger to snow, rain, high winds, and freezing temperatures. By installing new insulation, sealing air gaps, and improving your home’s ventilation system, you can weatherize your home for year-round comfort and lower energy bills.

Make Eco-Friendly Upgrades

There are more eco-conscious home buyers than ever before, searching for homes that incorporate energy-efficient electronics, appliances, lights, water heaters ‒ and the list could truly go on. You can appeal to more home buyers by adding eco-friendly upgrades, like climate-friendly refrigerators, LED lights, tankless water heaters, low wattage washing machines, and more.

Not to mention, these upgrades can help make a significant difference in your energy bills and help you save every month.

Install Storm Windows

Not only can storm windows reduce noise pollution, provide insulation, and protect your home during bad weather, but they can also reduce heat loss by up to 50%

Whether you’re planning to sell this year or cut down on your energy bills, installing storm windows is the way to go in a four-season climate like Ohio’s. 

Go Big… & Go Low Maintenance

After a year like 2020, maximum space, comfort, and convenience are of the essence. Adding square footage and making large-scale improvements will make your property bigger, better, and lower maintenance

Let’s dive into some ideas!

Replace the Roof

A new roof can improve the appearance and energy efficiency of your property, as well as increase your property’s resale value by nearly $12,000

But that’s not all. Some roofing materials, like metal, are lower maintenance and can withstand the year-round elements better than others. 

Plus, most homebuyers tend to back away from properties in need of sizable home improvements. A new roof is a big item you can check off the list of projects homebuyers DON’T want to take on when they move into a new house. 

Install New Floors

Put yourself in the shoes of a prospective homebuyer: Would they want to do the amount of floor maintenance you already tackle week after week?

New hardwood floors and carpet can appeal to potential buyers and optimize your comfort, no matter if you’re selling or staying.

Build an Addition

It’s a simple equation: The more square footage a property has, the higher its value. But with people spending more time at home in 2021, a lot of us could benefit from having extra space. 

Whether it’s an extra bedroom, a recreational room, a finished basement, a bigger kitchen, a home office, or even a wine room, building an addition is a surefire way to add square footage and improve your property value simultaneously.

Get Ready to Increase the Value of Your Home in 2021

There’s no shortage of factors that can influence the value of your property. Some factors, like the local real estate market and the quality of the nearby schools, are out of your control. But when it comes to adding square footage, enhancing your curb appeal, or improving your home’s energy efficiency, transforming your property value is well within your reach.

2021 is right around the corner. How will you improve the value of your home? We’d love to hear all about it!

If you’re planning to build a high-value dream home in the New Year, schedule a consultation with Oberer Homes today!

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