You have heard people say that your house is your biggest investment. It is also the place you live in, and it is also one of the best ways you can build wealth. In the last year, many homeowners have sold their homes for about twenty-nine percent more than they purchased them, thanks to home appreciation. And this is not the limit! There is a lot you can do to increase your home value this year.
Three Suggestions on How to Increase Your Home Value this Year:
Accessory Dwelling Unit (ADU)
Accessory Dwelling Units (ADUs) go by various names: casitas, pool homes, in-law suites, granny flats, guesthouses, and secondary dwelling units. There are three types – detached, attached, and garage conversion. Obviously, the actual number will vary, but depending on the size and type of the Accessory Dwelling Unit you are building, ADUs can significantly increase your resale value.
Adding More Space to your house is a no-brainer. Everybody knows that making your home bigger will increase your home value. There are always opportunities to make your home more spacious. Add another bathroom, knock down some walls or add another room. Hiring an experienced remodeling contractor like SCCCI can help you get the best results for your Los Angeles home.
Adding Beauty Inside & Curb Appeal Outside
Don’t just do it for resale! A beautiful home is an excellent selling point for future buyers, but it is also a magnificent chance to enjoy living in a prettier home yourself. Tasteful landscaping will make your home more pleasant and appealing to live in, and it will also increase your home value this year. Adding indigenous drought-tolerant plants and landscaping can improve your curb appeal, save water, and reduce your water bill.
Adding Energy Efficiency Upgrades
Energy efficiency might not be as sexy as adding more space to your house. Still, even if it is not the most exciting way to increase home value, it is something you really want to consider if your house is in the Los Angeles area. Almost 70% of Los Angeles real estate professionals interviewed in 2021 said that promoting energy efficiency in home listings was valuable. So increasing energy efficiency is a great way to also increase your home value this year.
So what is an energy-efficient house? An energy-efficient home is airtight and well-insulated with high-efficiency heating and cooling equipment that helps keep utility bills low. It’s equipped with low-flow accessories to lower water consumption and water-heating costs. So which energy-efficient home improvements should you focus on first to build home value?
Energy-efficient windows will prevent air infiltration and help save on air conditioning costs. Contemporary cool roofs use highly reflective materials to reflect more sunlight. They also absorb less heat from sunlight, which keeps homes cooler during hot weather and also saves on AC costs, especially if you live in the valley or desert areas of Los Angeles.
Final Thoughts on How to Increase Your Home Value this Year
Unfortunately, it’s really hard to predict your home’s exact rate of appreciation. This is because your home’s appreciation rate is based on variables that keep changing. They include not only the number of houses and buyers available but also inflation. You also might not even be ready to sell your home when the market is hot.
You now know what you need to do to increase your home value this year, but it is up to you how you do. Some of these things could take tens of thousands of dollars, especially when you don’t have professional help.
With the right Los Angeles remodeling company, you will easily increase your home value this year. You can rest assured that the project is completed on time, within your budget, and just as you envisioned. SCCCI has been serving Los Angeles County homeowners for nearly forty decades. We specialize in home improvements that would help increase the value of your home, like home additions (ADUs), landscaping, energy efficiency, kitchen remodeling, and bathroom remodeling. Our company can tackle any remodeling project, so when you are ready to start, call SCCCI at (800) 413-3333 or check out our website to learn more about our services. We’ve got you covered.