The real estate market is currently in turmoil, and homeowners are considering having custom homes built to fit their needs. But how can you add value to a new build when it’s already new and customized? Here are six ways to increase the resale value of your custom home, most of which won’t require significant expense:
Update the Front Door: First impressions matter, so start with your front door. A fresh coat of paint and new hardware can work wonders.
Redecorate: Custom home decorating can become outdated after a few years. To freshen things up, try repainting the walls and taking care of any basic maintenance issues.
Upgrade to Double-Glazed Windows: Energy efficiency is a top priority for home buyers. Consider upgrading to double-glazed windows to boost your home’s energy efficiency.
Refresh Your Kitchen: The kitchen is the heart of the home and one of the first things buyers inspect. Upgrading your countertops, adding more lighting, and refacing your cabinet doors are small changes that can make a big difference.
Update Your Bathrooms: Like the kitchen, bathrooms are a key feature for selling a home. Consider updating the lighting, replacing broken tiles, and adding a fresh coat of paint.
Improve Your Garden and Landscaping: First impressions matter, and your garden and landscaping speak volumes. Keep your yard well-kept, remove overgrown plants, and add some patio furniture to make your outdoor space more inviting.
If you’re planning to build a custom home, consider prioritizing the following upgrades that experts recommend for adding value:
Focus on the Kitchen: A kitchen island, under-counter LED lighting, and taller cabinets are some of the best upgrades to add value.
Increase Ceiling Height: Even a one-foot higher ceiling in the basement can make a big difference in not feeling cramped.
Upgrade for Energy Efficiency: Consider energy-efficient upgrades, including appliances, HVAC systems, and windows, to save on utility bills in the long run.
Maximize Storage Space: Homebuyers love storage, so make sure your custom home includes plenty of it.
Consider Adaptability: Make sure your custom home is adaptable to future needs and buyers.
Choose the Right Lot: Choose a lot that’s safe, secure, in a good subdivision, and easily accessible to major highways.
When building a custom home, keep in mind that some upgrades won’t add value to your home. Here are a few to avoid:
Expensive Light Fixtures: Wait to upgrade your light fixtures until after you move in.
Master Bedroom Bump-Out: This upgrade doesn’t provide much more square footage and can cost more than it’s worth.
Marble Countertops: Marble is a porous material that can easily chip and stain, making it a risky choice for homes with children.
Crown Molding: Crown molding is purely aesthetic and can be done later on your own for a fraction of the builder’s cost.
When it comes to selling a custom home, living in it for at least five years can help you avoid capital gains tax. By following these tips, you can ensure that your custom home retains its value and attracts buyers when it’s time to sell.