As springtime in Utah is quickly approaching, many homeowners may be looking to sell their homes. To prepare for the sale, home improvements can be made to enhance your home’s value and obtain the maximum price possible. The commonly held perception often holds true that the spring is the best time to sell one’s home.
Housing Is Hot in Utah
According to local news reports, the housing market is still very hot in Utah and should stay that way for 2016. Zillow cites Ogden and Salt Lake City among the top cities in the country for home sales, and expects home appreciation to stay at 5% for the year. Low unemployment and population growth are anticipated to continue to fuel home prices along the Wasatch Front.
When determining a home value, curb appeal is important. Home buyers want to see an attractive appearance to the outside of the home. Activities that can improve the appearance of the outside of your home are considered worthwhile investments with good returns. Consider replacing the Driveway, front door, siding, landscaping, or garage door for maximum value.
Invest in a New Garage
According to housing experts, a new two car garage can expect to yield approximately an 84% return on the investment. According to some experts, this investment could help increase the total value of your home anywhere from 1% to 4%.
For homes that do not have a garage, the construction of a garage may have an even bigger effect on home values. According to Bankrate.com, a study at Florida State University in 2003 found that the existence of a regular-sized garage had approximately a 13% positive effect on a home’s price (when compared to no garage) among homes located in and around Philadelphia. An oversized garage affected home price by 14%. That could means if your home is worth the median price today in Utah of $220,000, your garage could help fuel your home value to the tune of $28,600.
If you are considering upgrading your garage door to improve the resale value of your home, contact us for more information and a free quote. With 20 years of experience and locations throughout the Wasatch Front, Accent Garage Doors is the sales, installation, and service company you can trust.