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According to Zillow, the value of the average Salt Lake City home in 2021 is $563,864. Although the real estate market is thriving and house prices are rapidly rising at the moment, there are still quite a lot of things that Salt Lake City residents can do to boost their home resale value.
When you invest in real estate, you should expect your investment to grow in value over time. But if you’re short on time, and what to see the maximum return on your investment fast, what can you do?
Home renovations will help you see massive returns on your investment. But with so many available options, which are you best focusing your attention on?
In this guide, we’ll share five upgrades that will increase the value of your Salt Lake City home.
1. Getting Solar Panels Installed
One of the biggest and best changes you can make to your home is to invest in solar panel installation. Not only will it boost the value of your home and make it more appealing to potential buyers, but it’ll help the environment in the process.
Getting solar panels may be costly, but there are plenty of financial incentives and rebates that will help reduce the cost of installation.
2. Renovate Your Basement
If you’ve got a basement that isn’t used as a room in your house, having this renovated will help increase the number of rooms you have, and the size of your property.
Having a basement renovation will allow you to utilize the space as an additional bedroom or lounge area.
3. Install Under-Floor Heating
Under-floor heating is a great way of warming your house. It means there are no nasty-looking radiators on your walls, and it’s a great source of energy-efficient heat.
Having under-floor heating is an attractive prospect for many home buyers, and, as such will enhance your potential selling price.
4. Replace Your Garage Door
If you have an old garage door, it can look pretty ugly. This is particularly an issue if your garage is attached to your house. Replacing your garage door not only improves the look of the exterior of your home but will also boost your security.
5. Swap Out Your Bathroom and Kitchen Fixtures
Two of the rooms that get the most use are the bathroom and the kitchen. Fitting out either of these rooms is an expensive task, and it’s often something that only gets done every 10-20 years.
By replacing fixtures in both of these rooms, you’ll create an attractive and modern home that will be more appealing to potential buyers.
Increasing the Value of Your Salt Lake City Home
If you want to boost the value of your Salt Lake City home, consider modern innovations such as solar technology and under-floor heating as well as traditional home improvements such as basement renovations, kitchen, and bathroom refurbishment, and installing a new garage door.
For more property tips, check out the home and garden section.