5 Ways Houston First Time Home Buyers Maybe Able To Increase The Value of Their Home
Hello there, we at First Home Houston are fully aware that you may not yet be a home owner but you are either in the process of buying your first new home or thinking of buying your first home. Either way, we are super happy for you. Thank said, Here are 5 ways you can increase the value of your home once you become a homeowner.
Energy-efficient Windows. Although they can cost anywhere from $120-1,200 per window, in addition to hiring a contractor to install them, energy efficient windows may increase the value of your home with a 60-70% return.
Bathrooms. Considered the biggest return on invest of any home improvement, according to Zillow. Even minor cosmetic changes may provide an increase of about $1.71 for every one dollar you spend.
Solar Panels & The Inflation Reduction Act, does provide a 30% green tax credit for solar energy installations. In addition, adding solar can also reduce your monthly utility cost. You can use Google Project Sunroof - https://sunroof.withgoogle.com/ to show you how many hours of usable sunlight your house receives each year. For more information, please visit https://www.irs.gov/inflation-reduction-act-of-2022
A full kitchen remodel for a $200,000 house in Houston, TX., raises its value by about 6.38% on average which is right at $12,750. However, keep in mind that Home Advisor reports that full kitchen remodel can run up to $150 a square foot. Not exactly cheap, but worth it.
Replace the garage door. This is another way to increase the value of your home and also make your home stand out. No doubt, it will be worth the investment. While a new garage door may costs an average of about $1,200, it may add an average of $2,797 in resale value for a 133% Return on investment ROI. We at First Home Houston is always looking out for your best real estate interest. As always, we thank you for stopping by. Until next time… Diana.
