8 Best Tips on How to Increase Home Value in 2023: Winston-Salem Edition

When the time comes to pack up your things, hire movers, and sell your home, you could always do with a little extra cash in the bank. Sure, you might get a good offer for your house as-is. But odds are your property could yield even more money with a few home improvements.

It’s true! You can increase your Winston-Salem home’s value in lots of ways – some won’t even cost you a penny! Let’s take a look at eight ways to increase home value in 2023 and beyond.

1. Start outdoors – boost curb appeal

For many homeowners, the best place to start increasing the value of their houses is outdoors. After all, potential buyers’ first impressions of your property will start on the street.

There’s a lot you can do to boost home value with basic repairs and improvements. Need some ideas? Try these:

• Apply a fresh coat of paint to your home’s siding. Since this is a labor-intensive way to add value to your home, it might only be worth it if you are planning to move in a year or so, not immediately. Remember to read up on how to paint your home’s siding properly before starting – that way, you’ll avoid accidental damage or voiding your siding’s warranty!
• Want to double-down on long-term savings and curb appeal? Alside’s Charter Oak Energy Elite Insulated Siding is a top choice for homeowners seeking improvements that truly make their properties stand out.
• Set up your porch decorations for maximum effect and aesthetics.
• Mow the lawn and make sure your yard plants are watered and blossoming. A great-looking yard makes the home behind it look even better!

2. Replace old windows with new, energy-efficient ones

To increase home value without breaking the bank, inspect your windows and consider replacements. If they’re old, drafty, or stained, it might be time to swap them out for new, more energy-efficient models.

Here are two benefits of replacement windows:

• High-quality windows aren’t too expensive, especially if you work with a local window replacement company.
• The best new windows use multiple panes of glass, improving energy insulation in your home.

The result? Great-looking windows that immediately bolster curb appeal and keep your AC or heater from working too hard. Over time, that can add up to serious savings on your energy bill.

If you’re not sure where to start, Wincore Windows & Doors offers some stellar picks. The 5400 Series Single-Hung window, for example, offers a specially chambered frame for exceptional insulation, plus energy-efficient glass with an argon fill gas.

3. Go greener – install solar panels

More homeowners are going green than ever before, and that’s a good thing for the world and their wallets. You can cash into this opportunity by installing solar panels of your own. Just a single set can significantly increase your home’s value, both in the short term and in the long term. After all, the longer you stick with your solar panels, the more money you’ll save on electricity bills.

So, do solar panels increase home value?

They do, and there’s lots of evidence to prove it. According to CNBC, homes in North Carolina have the third-highest solar premiums compared to houses in other states. When you install solar panels in your Winston-Salem home, you can increase its value by 4.8% or about $9,000 (for a median-valued home).

That’s no small chunk of change. Depending on which solar panels you choose to install, that surplus cash might cover the cost of installation plus leave a little left over for moving expenses.

4. Remodel the primary bathroom to increase home value

Bathrooms are some of the most important rooms in any house. If you have a limited renovation budget but want to maximize home value, consider spending that cash on a remodel of your primary bathroom over other areas.

Adding a bigger tub or a new, luxurious shower will almost certainly add some extra “wow” factor for folks who come to tour your house. Think about installing a set of acrylic block windows to wrap up the remodel – they bring in more natural light while keeping your bathroom private.

5. Add to your kitchen

If your bathrooms are already high value, put that money and mindset into your kitchen instead. Specifically, install a walk-in pantry or kitchen island. Either improvement brings a lot of practical value to your kitchen, either by increasing storage space or cooking space, respectively. Plus, you can enjoy both improvements in the interim between renovating and selling your property.

Don’t be afraid to dream big when redoing your kitchen, either. Some of the best upgrades aren’t to your kitchen itself, but to the area around it. A new patio door, like the V4000 Sunrise Series from MI Windows and Doors, could open your kitchen up, make it feel more spacious, and make it easier to bring tasty food to the backyard during cookouts.

6. Tackle the little breaks that pile up

Sometimes, there’s no better way to increase your home’s value than to apply a bit of elbow grease to the little problems that tend to build up over time. Take a tour of your home, putting yourself in the shoes of a prospective homebuyer, and fix anything that needs tending to, like:

• Leaky faucets
• Cracked or bubbling paint
• Warped doors or leaks
• Creaky windows

You might be surprised just how much better your house looks after you put your home repair skills to the task!

7. Do a deep clean (especially before showcasing your home)

A high-value home is, invariably, also a clean home. It should go without saying that you ought to deep clean your house from top to bottom, particularly if you’re showing it to someone or holding an open house event in the near future. Vacuum the carpets, clean your window frames and sashes, sweep the floors, and make sure the walls are scrubbed clean of fingerprints and dirt before the first tours begin.

8. Put in a pool or hot tub and increase home value

What if you’re moving in a few years and want to enjoy a renovation that adds value to your home at the same time? Hire some contractors to put in a new pool or hot tub.

Summers in the Winston-Salem area can get humid, and winters can be bitterly cold. Either of these improvements adds outdoor luxury to your property – they can make up for any lack of indoor space or act as major selling points if your options for interior additions are limited.

Whether you’re planning to spend money to make money or focus more on cost-effective improvements, it’s always a good idea to contact the experts. At Window World of the Triad, our window replacement experts can both help you find the perfect new windows to replace your old ones and tackle installation at prices you can’t beat. Contact us today!