When buying a home, there are many different things to look for that will boost its value. The following three are among the most popular of these items. Looking out for them when buying a home ensures it has a value worth the investment.
When buying a home, it is important to check out the windows to gauge whether they are the original windows or if they are vinyl replacement windows. The latter are more energy efficient than the former and can add a nice value increase to the home. For example, a good set of replacement windows can add a home value of $8,000.
Even better, vinyl windows will decrease energy cost by trapping heat and cool air more effectively in the home. It is particularly important to check a home for Energy Star-rated windows. These windows are approved by the government and have been tested as being the most efficient on the market.
An unfinished basement is a burden on a home's value because it can attract a variety of pests, such as spiders and termites. They are also often rather ugly and can turn people away. However a finished basement will add to a home's value by adding a new floor where homeowners can install a game room or guest rooms for their visitors.
A good finished basement is typically between 50-70 percent of the cost of the total home. This will vary depending on how well insulated the basement is and whether or not there are already items installed, such as a bar or fireplace. That's why it is always something to look for when buying a new home.
Home Security System
One of the most underrated home-value boosting items in a new home is a pre-installed security system. They boost the value of a home in a variety of ways. First they make the home safer from invasion, which boosts its market value and makes it more desirable. They also decrease insurance costs, as most home insurance companies will give discounts for using one.
Just how high can these discounts be? Some will range as high as 20 percent of a home insurance cost. So if a homeowner is paying $500 a year on home insurance, their cost would drop to $400. That is a huge saving that makes a home security system a great item to look for when buying a new home.
Looking for these simple items in a home is a great way to ensure a home buyer gets a home that is worth their money. While other considerations are just as important, these items are still a great home-value gauge. For more information, contact companies like Stacy Sells.