What features really sell a home? You would think that higher-end materials like marble walk-in showers, black granite countertops or even wood flooring throughout the house would be big sellers in the housing market. While once they held value, the housing market is always changing, and higher-end home features and upgrades like these are going the way of the dinosaurs. Last year, the National Association of Home Builders (NAHB) did a study titled “What the Home Buyer Really Wants” and found that the most desirable upgrades potential home buyers would like in a new home was energy efficiency. The report concludes home buyers are willing to pay an additional average of $7,095 in the up-front price of a home if that saved them $1,000 annually in utility costs.
Because new home buyers are looking for upgrades that help them save money on utility bills-and they’re willing to pay more, then if you’re trying to sell your home, now is the perfect time to upgrade your home with energy efficient features to help it sell. Use the following three energy saving upgrades and sell your home for more.
Pound for pound, it’s the most cost effective, energy efficient material you can install in an existing structure-and it sells a home. While you can install your own rolled-in batts, blown-in cellulose and other forms of insulation, it’s probably a job best left up to the pros-just be sure you combine new insulation with the next two upgrades for the trifecta of sellable home upgrades. Overall, you’ll help to increase the energy efficiency of heating and cooling the structure which is one of the most costly percentages of a home energy bill.
Radiant barriers come in many forms and can also add to the homes energy efficiency without costing an arm and a leg. It reflects the radiant energy of the sun better than other insulations but doesn’t provide a very high R-value alone. Be sure to team this up with insulation that has an R-value of at least 40 or higher. Seal all air leaks in the interior of the home and you’ll start immediately seeing a savings in utility bills.
Heating/Cooling System Upgrade
If you want to judge the energy efficiency of your existing climate control system, just look up its Seasonal Energy Efficiency Ratio (SEER) rating in the manual or on the unit itself-the higher the number, the more energy efficient it is. Standards for today’s newer energy efficient homes are around 13-15 with super energy efficient models topping out in the 20’s.