9 Top Factors That Influence Home Resell Value

When it comes to increasing your home’s resale value, several key factors must be considered. Whether it’s updating your kitchen, improving energy efficiency, or adding extra living space, making the right upgrades can significantly affect the price you can sell your home for. Keeping in mind these top ten things that add value to your home will help you prioritize the updates that will deliver the greatest return on investment, ensuring that you’re in the best position to sell when the time comes.

The first impression of your home matters. A well-maintained exterior, tidy landscaping, and inviting front entry can make your home stand out to potential buyers. Simple changes like fresh paint, updated light fixtures, or a newly manicured lawn can give your home an immediate facelift. Potential buyers often form their opinion of a home when they pull up to the driveway, so ensuring that the exterior is in top shape is essential. A well-kept yard, neatly trimmed bushes, and colorful plants can make a big difference. Taking care of your home’s curb appeal can increase its desirability, potentially leading to a quicker sale at a higher price.

The kitchen is often the heart of the home, and it can be a deal-maker or breaker for many buyers. Small or large kitchen renovations can significantly affect your home's resale value. Updated appliances, modern countertops, and stylish cabinetry can make a significant impact. Investing in a kitchen remodel, even something as simple as upgrading the backsplash or replacing worn-out hardware, can appeal to homebuyers who want a move-in-ready space. A clean, modern kitchen often adds value, as many buyers are willing to pay more for a space they feel is functional and stylish.

Along with the kitchen, the bathrooms in your home are another critical area for influencing resale value. Minor upgrades, such as replacing dated fixtures, adding fresh paint, or updating the shower or bathtub, can create a more appealing space. Buyers are often willing to pay more for spa-like and modern bathrooms. You don’t necessarily need to overhaul the entire bathroom to see a return on investment. Simple changes like new faucets, improved lighting, or updated tiles can go a long way. A clean, fresh bathroom is one of the top ten things that add value to your home by making it feel more inviting and functional.

Open floor plans are highly sought after by today’s homebuyers. Many appreciate large, open spaces where the living room, dining room, and kitchen flow seamlessly. If your home has walls that divide these areas, consider removing non-load-bearing walls or creating wider openings to improve the flow of the space. This type of layout works well for both small homes and larger properties. If you're considering updates, creating an open, airy living space is one of the top ten things that add value to your home.

Energy-efficient homes are increasingly crucial to buyers. Features like updated insulation, energy-efficient windows, and high-efficiency HVAC systems can improve your home’s appeal. These updates can lower energy bills and reduce the carbon footprint. You might also consider adding solar panels, upgrading to energy-efficient appliances, or installing a smart thermostat. Efficient and energy-efficient homes are more attractive to modern buyers, and this trend is only expected to grow. An energy-efficient home is one of the top ten things that add value to your home in today’s market.

Extra living space can significantly increase your home’s value. Adding a finished basement, attic, or even extending the floor plan to create a larger living area can make your home more appealing to buyers. Spaces used as offices, playrooms, or home gyms are desirable in today's market. Adding extra square footage is one of the top ten things that add value to your home by making it more versatile and usable for various purposes. Whether it’s a guest suite or a home theater, extra space is always an asset.

Smart home technology has become a selling point in the real estate market. Features like smart thermostats, smart security systems, and voice-controlled lighting can attract buyers who value convenience and tech-savvy homes. Investing in technology upgrades, like automated lighting systems, keyless entry, or a smart security system, can also make your home feel more modern and efficient. Smart home features are fast becoming one of the top ten things that add value to your home by enhancing convenience, security, and energy efficiency.

Ample storage space is always a plus for homebuyers. Homes with built-in storage options, such as custom cabinetry, walk-in closets, and attic or basement space, appeal to buyers who need more space for their belongings. Investing in creative storage solutions, such as built-in shelves or closet organizers, can maximize your home’s available space without requiring a full-scale renovation. Buyers are often willing to pay a premium for homes that offer enough storage for all their needs, making it one of the top ten things that add value to your home.

Well-maintained landscaping can greatly improve your home's curb appeal and make it more attractive to potential buyers. Lush lawns, well-trimmed shrubs, and beautiful flower beds can make your home feel inviting and well-cared for. Landscaping doesn’t have to be overly complicated or expensive but can significantly improve buyers' first impression when they arrive. Features like a new deck, patio, or outdoor lighting can increase its value. Landscaping is one of the top ten things that add value to your home by providing visual appeal and functional outdoor living space.

When you choose to work with McKenzie Claire, you're partnering with a team that combines passion, experience, and dedication to your real estate success. Ranked among industry leaders, we offer unmatched service to buyers, sellers, investors, and developers alike. Our extensive network, built over decades of trusted relationships, empowers us to provide exceptional access and expertise throughout your entire real estate journey.

Contact McKenzie Claire today to take the next step toward achieving your real estate goals.