While there are always improvements that increase home value in 2023, many homeowners don’t have the time or resources. Capital improvements can be complicated, leading to long delays, cost overruns, and unexpected damages. In today’s unpredictable and often unforgiving economy, more homeowners than ever want predictability.
At My Tennessee Home Solution, we provide that predictability through creative purchase agreements to home sellers in all situations for all reasons. If you lack the time, resources, or wherewithal to make a single improvement, you can still sell easily to cash buyers.
Are you facing foreclosure or delinquent payments? Do you have unruly tenants and need to sell your burdensome property fast? Has a significant life-altering event put you in a difficult situation? Whether you struggle with financial stressors, sudden obligations or duties, or any other major life changes, you have a solution in trusted cash buyers.
Our reliable investors purchase all properties in their current conditions. No repairs are required and no closing costs are assessed. Leave commissions, fees, and hassles behind!
That said, if you do have the money and time to make improvements to your home, there are various ways to do it without breaking the bank. Let’s cover how to increase home value soon without hassle or high expense. Get the most out of your square footage. Here are the 5 top ways to boost your home value, whether you use a cash-out refinance, a home equity loan, a personal loan, or other available funds.
(1) Energy-Efficient Appliances and Upgrades
When selling to cash buyers, it doesn’t matter if you have broken appliances, missing appliances, or age-old appliances! You don’t have to change a thing. Of course, if you would like to make updates, the National Association of Home Builders recommends green home improvements like eco-friendly lighting, a smart thermostat, and sustainable appliances.
Not only will this help you save money, but it will also attract prospective home buyers who are looking to save some cash.
As energy efficiency becomes more important to homeowners and prospective home buyers, upgrading to eco-friendly features has become an increasingly popular way to improve home value. Here are some energy-efficient upgrades that can help you increase your home’s value in 2023:
Adding solar panels to your home is a great way to increase its value while reducing your utility costs. Solar panels are becoming more affordable and efficient, making them an attractive addition to many homes. According to the National Association of Realtors, solar-paneled- houses sell more quickly and for more money than homes without panels.
Are you an investor seeking to boost property value quickly and inexpensively? The veteran real estate professionals of My Tennessee Home Solution can help you optimize every square foot for a higher home value.
Replacing old appliances with new, environmentally sound models is another way to build home value. Not only do these appliances use less energy, but they can also save homeowners money on their utility expenses. Energy-sustainable appliances like refrigerators, laundry room washing machines, and dishwashers can significantly impact your home’s energy usage.
Upgrading your home’s lighting to LED bulbs is an affordable and easy way to improve sustainable energy use. LED bulbs use less energy and last longer than traditional incandescent bulbs, and they are available in a range of colors and styles to fit any existing space in your home.
Smart thermostats like the Nest or Ecobee can learn your temperature preferences and adjust your heating and cooling system accordingly. Adaptive thermostats can help you save money on your energy bills while optimizing home comfort. Many homebuyers are attracted to homes with cutting-edge thermostats, making this a valuable upgrade for homeowners.
Insulating your attic can help reduce the energy needed to heat and cool your home. Energy conservation is especially important in regions with extreme temperatures, where heating and cooling costs can be a significant expense. According to Remodeling Magazine, homeowners can expect to recoup nearly 110% of attic insulation costs when they sell their homes.
Replacing old windows with new, eco-friendly models can help reduce energy usage and save homeowners money on utility costs. Sustainable windows are available in countless styles and materials, including double-paned glass and vinyl frames. This upgrade can also improve the appearance of your home, making it more attractive to prospective buyers.
In summary, making eco-efficient upgrades to your home can help you increase its value while taking a nice chunk out of your utility bill. With energy efficiency becoming the hot thing these days, eco-friendly upgrades can make your home more attractive than ever.
While some of these upgrades can be a bit pricey, like solar panels, which can cost upwards of $20,000, others are much more affordable, like attic insulation, which can cost a few thousand dollars. Plus, these upgrades will pay off in the long run, especially if you plan on cashing out refinance, using home equity, or selling your home in the future when interest rates decrease.
Don’t have the time or money to go through all these updates? No problem! My Tennessee Home Solution will purchase your house and handle all of that. You don’t have to make a single change to your windows, refrigerator, thermostat, insulation, lighting, or anything else.
(2) Exterior Home Renovations, Repairs, and Upgrades
Good impressions are everything, especially when it comes to selling your home. Improving your home’s curb appeal can make a big difference in home value. Simple fixes like repainting your front door or installing a new garage door can go a long way.
A new door can recoup up to 95% of its cost in per-square-foot value. Adding an outdoor space like a deck or patio can also help you beat the competition and attract potential buyers.
The good news is cash buyers don’t care about any of these exterior features or conditions. Even if you have an ‘ugly’ house, you can sell it as is with an off-market investor. You can leave your home in its current condition or make changes. It’s entirely up to you.
With that said, here are some exterior improvements that increase home value:
Curb Appeal Improvements
Curb appeal is the first impression that your home makes on interested buyers. Investing in curb appeal improvements can be an effective way to increase the value of your home.
- Adding a Fresh Coat of Paint: A new coat of paint can give your home a modern look and is a relatively inexpensive way to improve its appearance.
- Updating Your Front Door: The front door is essential to your home’s curb appeal. Updating your front door can make your home look more modern and inviting.
- Landscaping: Landscaping can significantly increase the value of your home. Planting flowers, trees, and bushes can create a beautiful outdoor area that potential buyers love.
- Installing Outdoor Lighting: Outdoor lighting can make your home more inviting and secure. It can also highlight the architectural features that distinguish your property from others.
- Installing an Outdoor Fireplace: An outside fireplace can be a significant selling point for potential buyers. It can create a cozy and comfortable outside setting that they will love.
Structural upgrades can also increase home value. These upgrades can improve the appearance of your home and make it more secure.
- Installing a New Garage Door: A new garage door can significantly improve the appearance of your home. It can also make your home more secure and energy-efficient.
- Upgrading to Vinyl Siding: Vinyl siding is an affordable way to reimagine the exterior of your home. It is also low maintenance and energy-efficient.
- Installing New Windows: New windows can significantly improve the appearance of your home. They can also make your home more energy-friendly and enhance protection.
Don’t want the hassle of paying for renovations and installations? When you need to sell quickly, cash investors can help. The veterans of My Tennessee Home Solution never judge a book by its cover, because we’re going to renovate it anyway! We’ll purchase your house as is so you don’t have to stress about the details (or spend the money).
(3) Interior Improvements to Boost Resale Value
Don’t forget about the inside of your home! Upgrading your home’s interior can also increase its value. Hardwood floors and granite countertops are always a crowd-pleaser, and they can add some top-dollar value to your home. According to Remodeling Magazine’s Cost vs. Value Report, a minor kitchen remodel can recoup up to 80% of its cost in home value, bringing your property purchase price above the national average cost.
Other popular interior upgrades include bathroom upgrades, increasing living space, and renovating a master bedroom. These upgrades can make your home more attractive to future buyers and save you money on utility bills in the meantime.
But what if you’re tight on money? Bankruptcy, divorce, job loss, family death, late mortgage payments, code violations – the list goes on. When you’re facing difficult circumstances, you probably can’t afford to make interior improvements. That’s why our cash investors will take the property off your hands. No repairs or cleaning up is required.
However, if you do have the time and resources to change up your home’s interior, there are many ways to do that.
Use Cash Out Refinance to…
Upgrade Your Kitchen
The kitchen is one of the signature rooms in the house and a primary selling point for many home buyers. This major renovation can be a great way to increase the value of your home. Consider installing new countertops, cabinets, and appliances and adding a fresh layer of paint to make the space look brighter and more modern.
You have options when performing a kitchen renovation. You can draw upon equity, replace your current mortgage, receive personal loans, use a lump sum, take out a second mortgage, draw upon cash-out refinance loans, and other alternatives for more money.
Remodel Your Bathroom
Bathrooms are another central room that buyers pay close attention to when considering a home. A minor remodel can go a long way in increasing your home’s value. Consider adding new fixtures, updating the tile or flooring, and painting the walls. This can make the bathroom feel more luxurious and modern.
Add Hardwood Floors
Hardwood floors are a popular feature that can increase the value of your home. If you don’t have them, consider installing premium wood floors in your living space. They’re easy to clean, look great, and make your home feel more upscale.
Increase Natural Light
Natural light can make a room feel larger and more inviting. Consider adding or enlarging windows, adding skylights, or installing light tubes to let in more light and increase space.
Repaint the Walls
A fresh coat of paint can do wonders for a room. Choose a neutral color that can appeal to a wide range of buyers. Your home will feel cleaner, more modern, and more move-in ready.
While some home upgrades may require a significant capital expenditure, they can provide a great return on investment in the long run. Nothing optimizes your square-footage value like reconfiguring a new space.
Consult with a real estate agent or tax professional to ensure the most financially sound decisions for your home based on loans, mortgages, and interest rates. Or, call My Tennessee Home Solution and sell your house quickly with zero improvements.
(4) Low Maintenance, Low-Cost Features
Selling your house off-market is about convenience, speed, and ease of transaction. You likely lack the capital funds and time to make improvements to your property. If anything, you just want to quickly sell your home and be done with it.
Sometimes, however, you may choose to make some minor improvements. In this case, there are various ways to boost property value without breaking the bank. Want to know how to increase house value inexpensively?
When it comes to increasing your home’s value, there are many factors to consider. One of the critical factors that can significantly increase your home’s per-square-foot value is making minimal-maintenance upgrades. These features are becoming increasingly popular as more homeowners seek homes that require less upkeep.
Adding minimal-maintenance features to your home can not only save you time and effort but can also increase your home’s value. These features include vinyl sidings, security cameras, and heated towel racks.
This siding is a popular low-upkeep option that can improve your home’s curb appeal. Vinyl wall cladding is one of the best home projects for a cost-effective return on investment. Vinyl material is easy to clean and requires minimal upkeep, making it an attractive option for potential buyers.
Heated Towel Racks
These nifty racks are a luxurious and low-maintenance upgrade that can add value to your home. They provide a comfortable and convenient way to keep towels cozy and dry. Hot towel racks are easy to install and require minimal upkeep. A heated towel rack in your bathroom can add a touch of luxury and make your home more attractive to potential buyers.
Minimal Maintenance Landscaping
Minimal maintenance landscaping can improve your home’s curb appeal and make it more attractive to many buyers. By choosing plants and shrubs that require minimal upkeep, you can create a lovely outdoor sanctuary that requires less maintenance. Some low-upkeep landscaping options include native plants, succulents, and xeriscaping.
Whether you’re planning on selling your home soon or want to increase its value, low-upkeep upgrades are a pragmatic investment that can pay off in the long run. Given the low costs, you can avoid needing a personal loan or drawing upon significant home equity. And if you can’t afford any improvements at all, you always have cash buyers you can trust.
(5) Home Security Features and Technologies
Keeping your home and family safe is a top priority for homeowners, which is why home security upgrades are pragmatic improvements that increase home value. The best home security upgrades protect your family and increase your property value as well.
Of course, security features are more important in the open market. When you sell off-market with cash investors, none of these technologies are necessary. You can make a quick transaction and never spend a penny on a single camera, lock, or alarm system.
Nonetheless, there are many ways to bolster your security if you do choose to.
Security cameras are a top-rated home security upgrade. According to the National Association of Realtors, 47% of homebuyers are interested in homes with surveillance cameras. Installing security monitors can also help deter potential burglars and give you peace of mind when away from home.
Smart Home Technology
Smart home technology has revolutionized home security. Smart doorbells, locks, and thermostats are all controlled remotely, allowing you to monitor your home from anywhere. Potential home buyers love this type of state-of-the-art technology.
Outdoor lighting is another essential home security upgrade that enhances your home’s curb appeal. Motion-sensor lights can deter potential intruders, while landscape lighting can highlight your home’s architecture and outdoor features.
Home Alarm System
Home alarm systems are a standard home security upgrade that can help protect your home from burglars. With a home alarm system, you can rest assured that your home is monitored 24/7, even when you’re not there. Alarm systems can also increase your home’s resale value.
Smart locks are an excellent security upgrade that can give you peace of mind when you’re away from home. With smart locks, you can control access to your home remotely and grant access to family members or service providers. Prospective buyers feel good knowing their loved ones will be safe.
Window and Door Sensors
Window and door sensors are another popular security upgrade that can alert you if a door or window opens. These sensors can be integrated with your home alarm system, adding an extra layer of security to your home.
Security Gates and Fencing
Security gates and fencing are great ways to bolster a home’s security and privacy. A secure fence or gate can scare off intruders and keep your property protected when nobody’s home. Potential home buyers recognize the invaluable benefits of security gates and fencing, which can increase your home’s overall value.
Security home improvements not only protect your family and your home, but they can also supercharge your home’s appeal. According to a recent survey by Remodeling Magazine, most homeowners can expect to recoup up to 70% of their investment in home security upgrades. Whether you aim to live in your home or sell it right away, investing in home security upgrades makes the most sense.
And if you don’t want to upgrade your security (or simply can’t), My Tennessee Home Solution is happy to buy your property as is.
Enjoy an EFFORTLESS Home Sale in 2023
Home improvements don’t have to be costly, and you don’t have to be a remodeling industry expert to make them happen. But if you’re struggling for money and just need to sell and forget about it, you can do so quickly and easily with cash buyers.
Do you need to offload your property fast without traditional real estate headaches, closing costs, and delays? Are you an investor looking for affordable properties to fix and flip? Need some tips or professional guidance?
When you need to sell fast, we’ll buy in any condition, no matter your situation. You won’t have to clean or repair or even remove family photos. If you’re an investor, we’ll help you buy homes and access the industry resources you absolutely need.
Call the seasoned cash investors of My Tennessee Home Solution!
Get Cash Offer Now!
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