Did you know that eco-friendly energy upgrades can make your home more sellable? According to a National Association of Home Builders (NAHB) survey, 57% of buyers will pay up to $5,000 more to save money on utilities – and energy upgrades are a key way to reduce those bills. To help you increase your home’s sale value, here are five energy upgrades to consider.
1. Install Energy-Efficient Appliances
Out of over 200 features listed in the NAHB study, 81% of respondents listed ENERGY STAR rated appliances as either non-negotiable or highly desirable. For sellers, one fairly cost-effective way to improve your home’s value – and increase its energy efficiency – is to switch out old, less efficient appliances like dryers and refrigerators for newer models.
2. Change to a Tankless Water Heater
Tankless water heaters offer two benefits: they take up less space than conventional systems, and they’re more efficient. Both advantages will appeal to buyers, thereby increasing your home’s value over time.
3. Add a Steel Entry Door
Increase your home’s “curb appeal” by installing a steel entry door. Not only can steel entry doors look impressive, but they’re also strong, sleek, and well-insulated, so they’ll help set a great first impression while reducing energy waste.
4. Upgrade the Windows
According to NAHB’s research, 39% of buyers list energy-efficient windows as a “must have” feature. By replacing old windows with ENERGY STAR certified windows, you could reduce utility bills by 12% – and make your home all the more attractive to discerning buyers looking for their dream “green” property.
5. Consider Solar Panels
Homes with solar panels can sell for up to 4.1% more than those without, according to a Zillow study. Why? Because over time, solar panels can lower electricity bills and utility costs, making them an attractive home feature. Just make sure you buy the solar panels so prospective buyers own the panels outright – leasing solar panels may not increase your home’s value the same way.
These are just a few ideas to consider that may help you to enjoy the comfort of your home now (with reduced bills!) as well as increase its value if you should decide to sell it in the future.
Buying, selling, or refinancing soon? Schedule your closing with Attorney’s Title Group. Our experienced and knowledgeable real estate team will help you close quickly and conveniently – contact us at atg@youratg.com or call us at (501) 734-2233.