Thank you for joining this session on ways to increase your home’s value. We explored both quick updates and long-term improvements that can make a difference in how your home is valued and enjoyed.

Key Takeaways and Next Steps

Focus on What You Can Control

While location, age, and school districts matter, the condition of your home is in your hands. Regular maintenance and smart updates go a long way.

High-Value Interior Projects

Refinishing or installing hardwood floors and upgrading insulation often recoup their costs or add more value than they cost.

Exterior Improvements for Curb Appeal

Simple updates like a new garage or entry door, roof repairs, and tidy landscaping help make a strong first impression. Fresh, neutral paint indoors also signals good upkeep.

Energy Efficiency Pays Off

Improvements such as better insulation, efficient HVAC systems, or even solar panels may lower utility bills, provide tax credits, and add resale value. Be sure to check state-specific incentives and rules.

Set Yourself Apart When Selling

Consider adding smart home features, offering a one-year home warranty, or upgrading appliances. Also, ensure your agent uses social media effectively, many buyers now shop for homes online first.

References:

Some of the links referenced are here:

NAR 2022 remodeling report
IRS fact sheet link is FAQ IRS on energy efficient improvements
Other efficiency links we discussed Homes With Solar Panels Sell for 4.1% More - Zillow Research;and Top 10 Solar States | SEIA and Do Solar Panels Increase Home Value? (2023 Guide;
Widowed homeowner and selling house within two years of spouses death (consult your accountant); here is the IRS link Publication 523 (2022), Selling Your Home | Internal Revenue Service and Publication 523 (2022), Selling Your Home | Internal Revenue Service