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Energy Efficient Window Install
The real estate market seems to be slowly recovering, but everyone from real estate agents and lenders to the property appraiser are holding their breath to see whether or not there will be a full recovery. One of the most troubling things about the market being unstable is that home values change whether or not you make home improvements. A property appraiser such as Abbe Edelman has to look at what all the other similar houses are going for on the market to assign an approximate value. Even though there isn’t much that can be done about the market, there are some ways to protect your investment as well as increase the value of your home. Each home is different which means that there are some projects that might increase the value of one home but not another similar one. Homeowners can use a little strategy that will help them out when they contact Regency Property Appraisers in New York, or the appraiser in their region.
Selling in 5 Years?
How long a homeowner plans to remain in their home before putting it up for resale has a lot to do about the types of improvements or home remodeling projects that you undertake. If you are looking at selling in 10 years or so you may want to look at larger projects like completely remodeling kitchens or bathrooms. You will enjoy them longer and they can pay off by increasing the resale value. But if you are selling in about 5 years or less it is more strategic to do some cost effective improvements instead of huge overhauls. Replacing old windows with newer more efficient window replacements can help save on your present utilities as well as increase the value of the home. Check things like plumbing fixtures to ensure that they are up to date and more efficient. These are the types of things that potential homeowners will be looking for.
Keep Up With Routine Maintenance
One of the responsibilities of owning a home is performing regular maintenance and repairs. If you do not keep up with routine maintenance the home along with its value can deteriorate. There are many issues such as damaged roofs or gutters that can discourage a homebuyer as well as devalue the home. Protecting your investment means keeping up with all these types of things. When something breaks or is damaged it should be repaired properly and in a timely manner to ensure that the home maintains its value as well. Before putting the home up on the market make sure to address any of the larger home repair projects. Projects that help the home be more energy efficient can increase the value of the home directly; other types of projects can help keep the home’s price secure.
Kitchens and Bathrooms
No one will argue when we say that these are the two most important rooms in the house. Sometimes either of these rooms can make or break a sale especially if they are in disrepair or out dated. Keeping cabinets, countertops and appliances up to date can help ensure the home does not lose value when you call for a property appraisal. Tubs and showers are relatively easy to replace without doing a huge remodeling project and the same thing goes for countertops in both essential rooms. Be smart with your changes though. If the majority of similar homes in your neighborhood sell with laminate you may not be able to ask enough for your home to cover the extra expense of granite or travertine. Keeping all the plumbing and lighting fixtures up to date can make these rooms much more appealing to home buyers as well as help protect the investment you’ve already made in the house.
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