Secrets to Enhance Your Home's Market Value

By Alexander Prewitt

Alexander is a Tucson native. He is a University of Arizona Alumnus and a devoted Wildcat fan. His experience in Real Estate over the last 11 years covers all aspects of residential Real Estate including listing agent, buyer's agent, and also working with distressed properties such as short sales and foreclosures.

In real estate, one of the most common queries I receive is about increasing home value. Homeowners often wonder if certain upgrades or features will enhance their property’s worth. Today, I’m going to clarify this by discussing three misconceptions about what doesn’t increase home value and three strategies that do.

Misconceptions About Home Value Enhancement

• Smart home technology. Contrary to popular belief, adding smart home features like a Ring doorbell or a high-tech thermostat doesn’t increase your home’s appraised value. While these are nice additions that can enhance marketability, they don’t contribute to the actual worth of your house.
• High-end appliances. That latest LG refrigerator with all the bells and whistles may be eye-catching, but it won’t add to your home’s value. Buyers might love these features, but they don’t translate to a higher selling price.​​​​​
• Outdated upgrades. Renovations done a decade or so ago that are now out of style won’t boost your home’s value. Keeping up with current trends is crucial for effective upgrades.

“It’s not just about making changes but making the right changes.”

Proven Ways to Increase Home Value

• Enhance curb appeal. First impressions matter. Investing in landscaping, fresh paint, and tidying up the front yard can significantly elevate your home’s value. This is because curb appeal directly affects a buyer’s perception.
• Add square footage. Expanding your home’s size is a surefire way to increase its value. More living space equates to a higher appraisal, making this a smart investment.
• Upgrade outdoor landscaping. Adding outdoor features like pavers, patios, turf, or even a pool can positively impact your home’s value. These additions create a more appealing and functional outdoor space, which is highly valued in the real estate market.

For those keen on learning more about enhancing home value, I have compiled a list of the top seven upgrades that are most effective. If you’re interested in this valuable resource, just reach out to me with the word “value,” and I’ll be happy to share it with you.

Remember, it’s not just about making changes but making the right changes that align with current market trends and buyer preferences. As always, feel free to call or email me for more insights into real estate and home value maximization.