Welcome, Cherry Hill homeowner! Are you looking to increase the value of your home? You’ve picked a great time! With the housing market flourishing and showing an impressive 4.1% rise in home values over the past year, there’s never been a better time to make those smart updates.
According to Movoto, homes are selling 5 days faster in 2023. The median price has also increased by $54,950 from last year, now at $429,950. It’s definitely a seller’s market.
So, are you ready to transform your home into a high-value asset? Here’s a quick guide to help you get started.
Upgrade your bathroom
A bathroom remodeling project can increase your home’s value by a whopping 70%. If a home with outdated fixtures and stained bathroom walls sells for $350,000, it can fetch up to $595,000 if these areas are fixed. Wow!
So, what changes should you make? Start by replacing the taps, sinks, showerheads, and other fixtures. If you want something more unique, get a bidet or waterfall faucet.
Also, don’t forget to refinish the walls with waterproof paint and check for any mold or moisture problems in the bathroom. If you don’t feel up to the task, hire a Cherry Hill bathroom remodeling company to help you.
Make changes to your kitchen
Home buyers consider the kitchen the focal point of a home. They want a spacious, modern, and well-utilized kitchen with energy-efficient appliances and enough natural lighting. And, of course, storage matters, too.
So, if you’re looking for a fail-proof way to bump your home’s value, work on your kitchen. Replace your old flooring with wood-like tile in shades of grey or beige. Install granite or quartz countertops for elegance. And upgrade your appliances to stainless steel.
Consider creating a kitchen island with bar seating for extra storage and counter space. This will instantly transform your kitchen into an inviting, entertaining space.
Paint the exterior again
What’s the first thing that catches a potential buyer’s attention? Your curb appeal. And a freshly painted exterior leaves an impressive impression.
Since Cherry Hill gets humid summers and snowy winters, your home’s outdoor paint can easily chip or fade in under three years. It’ll make your property look unkempt, declining its face value.
The best way to avoid this is to choose paints with broad-spectrum UV protection and weather-resistant features. Acrylic and latex-based paints work well in extreme climates. Also, think about the color scheme before you start. The right colors can increase your home’s appeal and give an upscale vibe.
Take care of the roof
An ugly roof is a major turn-off as well as a structural hazard. A damaged shingle or a missing tile can cause serious water damage, affecting the roof and your entire home’s foundation. Trust us; a home with a moldy attic isn’t worth much.
So, if you can spot any signs of roof damage, have an expert inspect it and make necessary repairs. Although a new roof will increase your home’s value by 55%, it’s an expensive investment.
We recommend investing in preventative maintenance such as regular cleaning, gutter repair, and sealing every 2-3 years. Additionally, consider using high-quality materials like corrugated PVC sheets for added durability and protection against the elements. This will help you keep the roof in good condition for longer.
Invest in a smart security system
Cherry Hill has a crime index of 22, which makes it safer than 22% of US neighborhoods. However, 1 in 52 property owners still remain at risk of burglary. If your area is notorious for break-ins, installing a security system could be the ideal solution.
A professionally installed security system with 24/7 monitoring will attract buyers because they’ll feel at ease that their family and property are safe. Moreover, the National Council for Home Safety and Security reports that having a home security system can make your property up to 3.5% more valuable. Not a bad deal!
Invest in smart locks, voice-activated lights, and motion-sensing cameras, too.
Focus on the outdoor areas
People adore functional outdoor spaces with a patio and seating area. It helps them host and entertain friends and family during summer BBQs.
If you can afford it, invest in a veranda with comfy chairs and a dining set. Add a gazebo to protect them from hot sun rays, and add some outdoor string lights or sparkling chandeliers for an upscale feel.
You may also want to consider planting trees, as they power up your home’s market value by 3.5%-15%. And, please don’t leave out a water feature like a fountain or pond. Nothing feels more luxurious than the sound of water trickling down across your patio.
You can also add small details like stepping stones, potted plants, and ornamental sculptures to make it look inviting.
Get a new door
Transform your home’s entrance with a simple yet effective upgrade – a new front door. Go for a mid-level steel door with intricate detailing. Fiberglass doors with glass accents are also trendy and can resist heat, cold, and water damage.
Replace the doorknob, too, as it catches the buyer’s attention. You can also install side lights around the main door to make it look grand and impressive.
Finally, add a stylish doormat for the guests.
Finish with the little things
Little details can make a huge difference. So, give your home a deep cleaning — dust off the blinds, vacuum the floors, and wipe down all surfaces.
Also, look out for any minor repairs that you might have overlooked in the past. You can fix a broken window or a leaking tap in just a few hours.
Declutter and stage the property before you list it. Move out all unnecessary items like furniture or unused appliances. Place furniture strategically to make your space look spacious and inviting. Add a couple of houseplants for freshness and hang some artwork on the walls to give an airy feel.
Exploring Solar Energy Options
Investigating various solar energy solutions for your residence can be a game-changer when it comes to enhancing your home’s value and sustainability. Solar power for homes has gained significant popularity in recent years, but numerous facets and alternatives go beyond the traditional solar panel installation. Whether you want to reduce your carbon footprint, lower energy bills, or increase your property’s market value, delving into residential solar energy can offer you many options. From innovative solar technologies to government incentives, this section will guide you through the diverse possibilities available to harness the sun’s power and boost your home’s overall worth.
Increasing your home’s value doesn’t have to be stressful or expensive. If you keep up with maintenance and add a few modern fixtures, you can make your home sell-ready in no time. It’s always smart to start with the basics and work your way up for an amazing transformation.