The COVID-19 pandemic has stalled almost all property sales in the U.S. at present. According to a report by CNBC, property sales have fallen to 35 percent. However, with this fall in the spring housing market, it’s a good time to retrospect.
While you might have thought your property was ready to be sold to the highest bidder, are you sure you would’ve gotten your money’s worth? Focusing more on the silver lining of this dark cloud, right now is the best time to give your home a necessary upgrade.
Here are some steps you can take to boost the value of your property so it can be ready for the future!
– Have it Pressure Washed
Pressure washing is one of the most effective ways of removing debris, sediment, build-up dirt and bird waste, algae, mold, and mildew, all of which can do a number on your home’s exterior. You can’t expect to persuade buyers into thinking your property is top-of-the-line when it’s not looking its best on the outside. When it comes to property, curb appeal is one of the most important factors that determine its value.
– Get the Swimming Pool Cleaned
If you have a swimming pool on your property, it’s as valuable for your home as your HVAC system. As the centerpiece of the backyard, your pool needs to sparkle when you show your property to a prospective homeowner.
So, talk to a pool cleaning and maintenance company and make sure that it’s cleaned regularly. Your clean-up list will include clearing debris, balancing and monitoring water chemistry, water analysis, vacuuming and brushing, as well as installing any backwash filters.
– Replace Appliances and Features
If your home is fitted with older appliances, now might be the time to replace them. With so many energy-efficient appliances available like programmable thermostats, you won’t just save money on utility bills by getting them installed; future buyers will be likelier to pay the asking price when they see the newer appliances. Given that these replacements will save them money in the long-run, buyers will factor it as an investment in their future.
In addition to your appliances, we also recommend replacing features such as windows. According to Energy Star, incorporating Energy Star-qualified products can help homeowners save around $500 a year on home insulation costs.
– Consider a Deck Installation
If you’re in a location like North Carolina, which receives its fair share of sunshine, you might want to invest in adding a space like a deck for some outdoor living. A useful feature that adds to the value of a home, you’ll most likely recoup about 72 percent of the value of this home improvement project in the resale, according to a Cost vs. Value Report.
Seeking Guidance on Home Value
While we do recommend taking the above steps to improve your home, there are some home improvement projects you should avoid. For that, the best person to guide you is your real estate investor!
If you’re thinking about selling your house in Fayetteville or Fort Bragg, NC, get in touch with a reputable realtor. Phillip Fehler works with Fathom Realty and offers expert real estate services in the area. Get in touch to learn more.