Maximize Value: Embrace Energy Efficiency
Considering selling your house? You might be surprised to learn how much buyers value energy efficiency and eco-friendly features nowadays, especially as summer begins. In the latest Realtors and Sustainability Report by the National Association of Realtors (NAR) in 2023, it was revealed that 48% of agents and brokers have observed consumers expressing interest in sustainability.
So, why does this matter to you if you're contemplating selling your house? Well, it's essential to understand what you can do to make your home even more enticing to today's buyers. According to Jessica Lautz, Deputy Chief Economist and VP of Research at NAR, buyers often seek homes that reduce their environmental impact or lower their monthly energy expenses. Promoting green features and energy-related information holds value for prospective homebuyers.
To enhance the appeal of your home, consider upgrading it in a way that maximizes its green credentials. Consulting with a local real estate agent is key to understanding the specific preferences of buyers in your area. The aforementioned NAR report highlights the following green home features as most significant to buyers on a national level:
- Windows, doors, and siding
- Proximity to frequently visited places
- A comfortable living space
- A home's utility bills and operating costs
While you can't change your home's location, you can take action to ensure it's as comfortable as possible while setting up future owners for lower operating costs. ENERGY STAR recommends several upgrades worth considering:
- Heating and cooling: Maintain and service your HVAC system for maximum efficiency, and consider upgrading to a high-efficiency model if necessary.
- Water heater: Upgrade to a heat pump water heater to reduce energy consumption and attract environmentally conscious buyers.
- Smart thermostat: Install a programmable thermostat to regulate temperature settings, enhancing both comfort and energy savings.
- Attic insulation: Proper sealing and insulation in your attic prevent air leaks and maintain a comfortable temperature, reducing the strain on your heating and cooling systems.
- Energy-efficient windows: Replace old, drafty windows with energy-efficient ones to minimize heat transfer and lower energy bills.
It's worth noting that you may be eligible for tax credits and rebates for energy-efficient home installations and upgrades, which can offset a portion of the associated costs.
As you prepare to sell your house, recognize the value of real estate agents as valuable resources. They can help determine which upgrades would be most appealing to buyers in your area and offer guidance on highlighting green features in your listing. If you've recently made these updates, be sure to inform your agent so they can showcase them in your listing.
In conclusion, focusing on energy efficiency and eco-friendly features can make your house more attractive to buyers today. Connect with a local real estate agent to ensure you choose the right upgrades for your area.