Making a few upgrades in today’s housing market can mean the difference between a house selling quickly or sitting on the market for months. Whether you plan to list your home for sale soon or are considering some smart upgrades for the future, it’s essential to know what upgrades have the highest return on investment. Let’s discuss how to increase the resale value of your home.
The Importance of Strategic Home Upgrades
High housing and renovation costs mean it’s more critical than ever to know what upgrades will increase your home’s value. Failing to maintain specific elements of your home, such as a roof, plumbing, and heating and cooling systems, can lead to other significant issues.
Other upgrades are more cosmetic but may excite buyers about purchasing your home. Another essential element to consider is the location of your home. Some upgrades are more important to make for homes in Summit County than others across the state.
Top Renovations to Boost Your Home’s Value
When upgrading your home, it’s important to focus on grades that increase your return on investment (ROI). Focusing on ROI will improve your home’s value while putting more money back in your pocketbook. You should also consider upgrades that will increase your enjoyment of your home. Here are some top renovations to consider:
- HVAC Upgrades—Outdated HVAC systems not only increase utility costs, but they’re also unreliable and put homeowners at risk for further repairs. Replacing outdated units with efficient equipment greatly appeals to both homebuyers and homeowners.
- Kitchen Remodels—Upgraded kitchens often attract many homebuyers. Investing in a kitchen remodel will enhance your living space and add value to your property, making it a wise investment. If a large-scale remodel isn’t in your budget, smaller upgrades, such as replacing cabinet fronts, can have a big impact.
- Bathroom Remodels—Bathrooms also have a high resale value and ROI. They’re a good way to attract buyers and enhance your home’s overall look and function.
- Energy-Efficient Upgrades—Energy Star appliances, smart lighting, and updated windows are all upgrades that increase your home’s return on investment and help save you and potential buyers money on energy bills.
Climate Considerations: Weatherproofing Your Home
The unique climate of Summit and Wasatch County means that your home often needs unique upgrades that other homes in Utah might not. Winters are harsh on homes in Park City, Kamas, and the Heber City area, and many homes may need some upgrades to make them more efficient and weatherproof.
When considering Park City home upgrades, check to see if your home has enough insulation. Proper insulation ensures heat retention and makes your home more energy-efficient. It is also important to seal around windows and doors for additional air gaps. Upgrading the siding on your home will improve curb appeal and help protect your home from the wear and tear of the elements.
Plumbing and HVAC: Essential Upgrades for Comfort and Efficiency
One of the most important things to consider when searching for the best home improvement projects is upgrades that increase your home’s overall comfort and efficiency. If not maintained and upgraded throughout the years, plumbing and HVAC systems can make your home uncomfortable and more expensive to cool and heat. Review your plumbing systems and consider upgrades such as a new water heater or softener. New plumbing fixtures also make kitchens and bathrooms more affordable, efficient, and desirable.
Coming home to a cold, chilly house can be a big disappointment, especially when you live in Park City. There is a significant demand for HVAC systems to keep homes warm; sometimes, the older systems just can’t keep up. Consider installing smart thermostats or a new furnace to ensure your home stays toasty warm in the cold winter.
Local Market Insights: What Buyers in Wasatch & Summit County Are Looking For
Wasatch and Summit Counties are unique places to live and work. When looking for homes for sale in Park City, buyers have specific preferences for what they’d prefer. Many trends consistently show that investing in HVAC improvements, kitchen and bathroom remodels, and smart home technology are all common upgrades that increase the ROI.
We’ve discussed how to increase the resale value of your home, so how do you find a reliable contractor to get the work done? For over 100 years, we’ve been reliable heating and plumbing experts in Utah. When you need a plumber or HVAC professional in Heber City, Utah, we’re here to help. Contact our Utah plumbers today to get started on your home upgrades.
