Creating an energy-efficient and eco-friendly home can set your property apart in the competitive world of real estate.
Apart from comfort and conscience, potential buyers seek homes with a low carbon footprint. That is why you need energy-efficient and eco-friendly home upgrades that not only benefit the environment but also enhance your home’s resale value.
On that note, we will explore five energy-efficient and eco-friendly home upgrades that will maximize your property’s market appeal so that you can stand out among resellers.
5 Eco-Friendly Home Upgrades To Increase The Resale Value
In a competitive market, you may struggle to sell your house. There are high chances of not getting the desired value when you resell a home. That is why you need to implement these 5 substantial home upgrades to increase the resale value.
01. Use Stainless Steel Kitchen Appliances
Using stainless steel appliances can enhance the overall aesthetic appeal of the kitchen. Moreover, they are relatively easy to clean and maintain. Often, modern residences or community homes integrate high-quality 304 stainless steel in the kitchen.
Upgrading to stainless steel appliances can help to increase the perceived value of a home, making it more attractive to potential buyers and potentially leading to a higher selling price.
02. Get a Tankless Water Heater
For several reasons, a tankless water heater can increase the resale value of your home. Tankless water heaters are energy-efficient. Hence, they can significantly reduce energy consumption compared to traditional water heaters with tanks. Therefore, potential buyers are often attracted to homes with tankless water heaters. This can help them save on utility bills.
Tankless water heaters also last longer than conventional ones. This is appealing to buyers looking for low-maintenance and durable appliances. The U.S. Department of Energy stated that,
“Tankless water heaters can provide homeowners with significant energy savings. On-demand water heating technology eliminates the standby energy losses associated with traditional tank heaters.”
If you are planning on reselling your house, we suggest installing a tankless water heater. The energy efficiency and cost savings associated with tankless water heaters can make your home desirable. It is a cost-effective upgrade that can increase your home’s value.
03. Switch To LED Lights
You should replace all of your incandescent lights with LED lights to increase the value of your home when you decide to sell it. LED lights are highly energy-efficient and consume less electricity. Also, they last longer than traditional incandescent or CFL bulbs. According to a real estate broker named Egypt Sherrod,
“By switching out all of your lightbulbs for LED bulbs to save on energy, you can easily make your home more environmentally friendly on a budget.”
The reduced energy consumption translates into lower electricity bills for homeowners, which is a significant selling point. Moreover, LED lights produce better-quality illumination and are available in various colors. This allows homeowners to customize the lighting ambiance according to their preferences. What’s more, the long lifespan of LED lights reduces the need for frequent bulb replacements. All in all, LED lighting is an attractive feature for potential buyers.
04. Consider Installing Solar Panels
Nowadays, homebuyers are more environmentally conscious. They love home features that are innovative and good for the environment. Modern homes often contain solar panels to become more eco-friendly. The National Association of Realtors (NAR) claims,
“Buyers appreciate the long-term energy savings and environmental benefits associated with solar power systems.”
Solar panels use the sun’s clean, renewable energy. This results in reduced dependence on traditional energy sources and lower electricity bills. In addition, solar panels may allow homeowners to benefit from net metering, where excess electricity generated can be sold back to the grid. This financial benefit can lure in potential buyers.
It will cost around $16,000 to buy and install a solar panel in your house. However, there are cheaper models as well, typically ranging from $3500 to $8000. After installing a solar panel, you can easily sell your home at a higher price and make a profit. So, this home upgrade can significantly increase the resale value.
Solar panels can be especially attractive for homeowners in areas with plenty of sunshine. This is why, solar panels are high in demand in beachside communities like Coral Lakes at Boynton Beach. Homes in this community with solar panels are selling for an average of $50,000 more compared to homes without them.
05. Replace The Old Garage Door
Change the garage door if it becomes old and damaged. Naturally, buyers don’t like it when they notice defects on the exterior of the home, especially the garage door. They won’t even bother to look inside.
Replacing an old garage door with an eco-friendly and energy-efficient model can enhance the resale value of your home. Your door should be properly insulated to be eco-friendly. An insulated garage door helps regulate temperature, keeping the garage cooler in summer and warmer in winter. So, you don’t need excessive heating or cooling within the garage and adjacent living spaces.
Energy-efficient garage doors also contribute to better sound insulation. On top of that, a new garage door with an updated design and improved security can enhance the curb appeal of the property. Brands like Richards-Wilcox, Creative Doors, Wayne Dalton, and Martin Door offer an exclusive collection of eco-friendly and energy-efficient garage doors. They also provide comprehensive warranties for customer satisfaction.
Look for the Scientific Certification Systems (SCS) label to make sure your door is constructed from eco-friendly materials. This verifies that at least 88% recycled material was used in the door’s construction. Therefore, the insulation should not contain any chlorofluorocarbons (CFCs).
As the real estate market continues to evolve, embracing energy-efficient and eco-friendly home upgrades is no longer just a choice, but a smart investment. By incorporating these five upgrades into your home, you can become a seller who cares about sustainability, cost savings, and a greener future.