The start of a new year for many also means starting to think about selling their Long Island NY home. Before you just call an agent and have them stick a for sale sign in your yard, or if you're thinking of selling yourself as a FSBO, consider these ways to increase the overall value of your Long Island NY home.
4 Ways to Increase the Value of a Long Island NY Home
Think Green – If repairs and maintenance are on your to-do list for your Long Island NY home, put your money where it counts and think green. If your HVAC system is old and worn out, consider investing in a new and more efficient model. Another green upgrade would be installing a solar-powered water heater that will let you save as much as 85% on your utility bills. Make sure you do this one right though, or you could end up taking a cold shower from time to time.
Consider New Windows – No one likes the idea that they need new windows. But, many people are unaware of the huge impact it has on home value since it's mostly a functional upgrade rather than a visual one. Amazingly though, spending $7,500 to $10,000 on new windows can yield as much as 80 percent return on your investment for your Long Island NY home.
Security is Important – Having the ability to illustrate how key sensors protect the windows and doors along with how you use carbon monoxide sensors, smoke detectors, and flood warning systems generates a strong sense of security and safety for many prospective homebuyers and business owners alike. Therefore, installing a security system in your Long Island NY home will not only make your home much safer, but increase the value of it as well.
Look at Your Front Door – A new front door is the number one way to improve your Long Island NY home and add value according to experts. On average, over 96 percent of what you spend on a new door adds value back into to the value of your Long Island NY home.
Keep in mind it has to be a quality door that suits the existing architecture of the home as well as aesthetically pleasing to the eye. Better yet, sometimes just repainting the front door in a different high-impact color and updating the hardware can have the same effect as buying a new one, in which case you would likely get a 100-percent-plus return on your investment.
These upgrades are key to boosting the potential equity in your Long Island NY home. This is especially true if you’re trying to get it market-ready for selling.
With the forecast of higher mortgage rates on the horizon, now is the time to get your Long Island NY home ready to sell. There may never be a more affordable time for prospective buyers to buy your Long Island NY home than right now.
We have more Long Island NY Home Improvements and Long Island NY Home Selling Tips to your right under our Long Island NY Real Estate Categories. And don't forget, we post daily tips on Facebook and Twitter. Be sure to check us out there as well.