There has never been a better time to sell your home, especially in Southern California, where the average home value in 2021 is just below $700,000. The average home cost is up 12.9% from 2020, breaking home value records left and right.
Many components go into selling a home, the least of which is determining where you’ll go next! Much planning and financial investment come before you put your house on the market. Before selling your home, consider:
• How a renovation could help increase the resale value of your home • Interest rates & mortgage costs • Home equity • Why property values are so high and increasing at a rapid rate • If a cash-out refinance is right for you
While all of the above components are major thought-points for prospective home sellers and buyers, renovation is the single-best way to increase property value in Southern California. By investing in renovations, homeowners can increase the chance of selling far above the asking price.
How Can I Renovate My Home to Increase Property Value?
We field this question frequently at Treeium, and it’s easy to see why! Who wouldn’t want to find ways to get more money for their home? With property values increasing, now is the perfect time to take advantage of the competitive housing market and implement the renovations you have avoided.
Here are some of our top eco-friendly home remodeling services that are sure to attract buyers and increase the value of your home.
The kitchen is the heart of any home, so it’s no wonder that the kitchen is a common area where remodeling takes place. A kitchen would be as minor as switching out cabinets and countertop or a significant overhaul of your entire kitchen space, including flooring, appliances, and more. Regardless, a kitchen remodel of any kind is bound to put some extra numbers behind the dollar sign on your real estate listing.
A bathroom remodel ranges anywhere from updating your plumbing fixture to building the in-home spa of your dreams. When done sustainably, a bathroom remodel can drastically decrease monthly utility costs and give homeowners the satisfaction of reducing their carbon footprint.
Not too long ago, many homeowners considered solar installation an unattainable option. In reality, solar panel installation is a cost-effective home renovation. It allows current and future homeowners the chance to drastically decrease monthly energy costs and invest back into the environment.
With so many California residents emphasizing the importance of reducing their carbon footprint, there’s no better way to increase property value and give back to the environment than with solar panels. While the initial cost of solar may seem overwhelming, the payoff is insurmountable. Many homeowners who have gone solar have seen energy bills nearly disappear after solar installation.
Posted January 19, 2022
by Treeium Inc..