The real estate market in Las Vegas is currently booming as more and more people continue to migrate to this area. But that does not mean that putting your home on the market is a guaranteed sale. To help you sell fast at the greatest price, here are some of the 23 best ways to increase home value on your home for sale.
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1. Do Solar Panels Increase Home Value?
Yes, they may increase your home value.
The Las Vegas housing market was hot in 2018, and solar homes were in high demand.
This trend is expected to continue this year. Why? After the mortgage, the other huge monthly expense homeowners pay for is the power bill.
Different from some common home upgrades like pool installation (which causes a home to be more expensive to own) or kitchen remodeling (that a home buyer may not care for much), the cheaper, purer power generated by solar panels on the roof is something all home buyers will use and value.
Not everybody can swim or cook, but everybody uses electricity.
2. Does a Pool Increase Home Value?
A swimming pool can increase the value of a Las Vegas home mainly because this city experiences a subtropical, hot desert climate.
People looking to buy a home might be interested in a home that provides a solution to dealing with the strong heat imparted by the Mohave Desert.
Moreover, a strategically placed pool can increase curb appeal, making a property unique.
When improved with features such as waterfalls as well as hardscapes, a pool can enhance the general appearance and feel of a home.
3. How Much Does a Kitchen Remodel Increase Home Value?
If a kitchen is over 15 years old, upgrading it to modern standards can increase the home value significantly.
For people who love to cook, the kitchen is the heart of a house.
Kitchen remodeling is very costly, therefore instead of destroying an existing kitchen completely and starting from scratch, it is better to do a minor kitchen remodel to get back most of the money used.
This might include minor upgrades like new flooring, refurbishing existing cabinets, and adding modern appliances.
According to cheatsheet.com, last year in September a minor kitchen remodel led to 81.1% recoup.
4. Does Removing Popcorn Ceiling Increase Home Value?
Yes, it may increase home value. Nothings says “outdated house” more than a popcorn ceiling.
Such ceilings were popularly used in the 1950s, but nowadays, they can bring a negative reaction from potential property buyers.
Smoothing out these ceilings is not very hard, but it can be very tasking.
Hiring a professional o scrape off the popcorn texture on the ceilings can help to attract a potential buyer.
5. Do Stainless Steel Appliances Increase Home Value?
Stainless steel appliances are considered standard in the current home market, and not having them may cause a house for sale to linger on the market.
Stainless steel appliances can cost as low as just a few hundred dollars.
However, not all stainless steel home appliances are equal. There is an obvious difference between a $500 appliance and $10,000 appliance.
6. Does a Shed Increase Home Value?
Typically, experts say that a shed does not add much to a home.
Most of the sheds bought nowadays are delivered to customers as one piece and positioned in the backyard.
These sheds may be considered as personal property because they can be moved with the homeowners.
On the other hand, a shed that has a foundation can add value to the property.
7. Does a Finished Garage Increase Home Value?
A finished garage can appraise the value of a home to the highest value.
Potential buyers see garages as an attractive and convenient addition to a house. Having one can quickly enhance the market value of a home.
Rather than building a new garage, it is possible to boost the value of a home for sale by making cheaper improvements to the current garage like adding a new garage door.
8. How Much Does Exterior Paint Increase Home Value?
Consumer Reports in 2016 showed that adding exterior paint increased the value of a home by 2-5%.
Adding a fresh coat of paint on the exterior of a house enhances its curb appeal and improves the potential selling value.
A new exterior paint job is a relatively affordable method of increasing a home’s value.
9. How Much Does Hardwood Increase Home Value?
According to Realtor.com, hardwood flooring can increase the selling price of a home by about 2.5%.
Hardwood floors make a home more attractive to home buyers as they are durable, visually appealing, and easy to clean.
Swapping carpet for hardwood floors can be a pricey activity, but it is a worthwhile investment.
10. Does Adding a Fireplace Increase Home Value?
Yes, it may increase home value. Most people love the idea of a fireplace in their home, even if they will never use it.
Even if the fireplace requires to be fixed it is more worthwhile than just covering it up or getting rid of it.
Fireplaces come in handy when the power fails during cold months and give a room a “homey” feel.
11. Does Adding a New Roof Increase Home Value?
A new roof increases property value and makes it easier to sell.
No potential homeowner wants to pay for a new roof, they would much rather get a home that has a new roof installed already and recently.
According to Remodeling’s 2018 Report, the recoup was between 66% and 69% of the cost of placing a new roof back in property value.
12. Does a Bathroom Remodel Increase Home Value?
It is a well-known fact that bathrooms and kitchens sell homes.
According to cheatsheet.com, in September 2018, the cost of a mid-range bathroom renovation was about $19,134 with a recoup of 70.1%.
Making minor changes can bring huge rewards too.
A bathroom remodel is not a fast or cheap project, but it is possible to get back the effort and money invested in remodeling, particularly when neutral colors and upscale fixtures are used.
13. How Much Will Granite Countertops Increase Home Value?
In general, a renovated kitchen adds around 80-100% of the remodeling cost to the property’s resale price.
Due to the fact that granite countertops offer great functionality and look classy, they are among the most searched for features in a house.
They not only make the owner’s daily life more pleasing, but they also raise the resale value of a home significantly.
Homes fitted with granite countertops sell quicker and easier compared to those without this attractive feature.
14. Will a Patio Increase Home Value?
Adding a patio in the backyard can increase the value of a home.
Remodeling Magazine in their 2018 cost versus value report showed that on average, people spend just less than $11,000 to install new wooden decks to their homes, but only see the home resale value rise by $9,000, which translates to 82% recouped costs.
While adding a new patio, it is best not to spend too much money in order to realize a good return on investment.
15. Do Closet Organizers Increase Home Value?
Yes, they may increase home value. Every home requires storage places.
Nowadays, home buyers want a house that has closets that are way more than just plain rods and hooks.
When they see a home with custom closets, that particular house is bound to stand out from the other options.
Getting a professional organizing system is bound to bring in great financial benefits that outweigh the initial cost.
16. Do High End Appliances Increase Home Value?
High-end appliances may increase the value of a home if the home is in an area with a reputation for luxury.
Such luxurious areas often receive buyers who are seeking high-price, luxury-filled homes.
On the other hand, if the home is in a less high-end market area, upgrading to high-end appliances may not dramatically increase the home’s resale value.
17. Do Hot Tubs Increase Home Value?
The answer is both yes and no. Portable hot tubs are normally viewed as personal property; therefore they offer no increased value to a property.
On the other hand, an in-ground hot tub might raise the value of a home. Hot tubs are usually considered a luxury because they do not come cheap.
18. Does a Privacy Fence Increase the Value of Your Home?
Yes, it can increase the resale value of the home.
Adding a fence to property increases privacy, prevents wildlife from penetrating into the yard, and keeps small kids and pets in.
A well-constructed, appealing fence can improve the look of the yard and the house’s exterior.
This is mainly because a solid fence tends to have more aesthetic appeal than those composed of other fencing materials.
19. Does Crown Molding Increase Home Value?
Simple, affordable crown molding addition to a home can add several dollars when an appraiser comes to view it, but only if the crown molding job is completed the right way.
Crown molding is a thin trim that is usually placed along baseboards, rails or ceilings to subtly class up a living space.
Matching the style of crown molding to the general décor style of a home, installing it correctly, and using the right size will raise its appraisal value significantly.
20. How Much Does Laminate Flooring Increase Home Value?
Though it does not last as long or increase resale value as much as hardwood, laminate is cheaper to purchase and install.
The cost is about $5-$8 per square foot for laminate.
Laminate flooring is attractive, long-lasting and a better alternative to ordinary hardwood flooring or carpeting.
Moreover, laminate is also resistant to stains, and the color doesn’t fade, meaning even in sun-lit regions, laminate flooring will retain its beauty.
Clearly, laminate flooring is a definite plus for home buyers.
21. Does a Paved Driveway Increase Home Value?
A well-built paved driveway can add to the value of a home.
Factors such as the material used to make the driveway, the width and the neighborhood will affect the added home value.
A wider driveway that can fit vehicles side by side is a big plus that potential buyers look for.
Asphalt is the best material to use on a driveway because it is cheaper than concrete and can withstand unpredictable weather.
22. Does Replacing Windows Increase Home Value?
Yes, this can increase home value.
New windows do not just look much better, but they also bring unexpected advantages like lowering energy costs.
Potential homeowners want homes with new windows and are willing to pay a good price for them.
According to ISoldMyHouse.coma $10,000 investment on new windows can raise the selling price of a house by about $8,500, which is an 85% return on investment.
23. Does a Wine Cellar Increase Home Value?
Yes, having a wine cellar in a home can increase the value of a home.
With more people nowadays preferring to stay at home and renovating versus opting to move, owning a house with a special, eye-catching custom feature like a wine cellar will raise the value of the home significantly and positively affect the resale value.
Many homeowners are turning away from installing movie theatres or in-house gyms in favor of custom wine rooms.
Those are just some of the best ways to improve the resale value of a home, but it is wise to remember that smart renovations do not always guarantee great results.
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