Your home in the DFW area is one of the greatest financial investments you can make, but do you know how much your home is really worth? Each part of your home is an important asset, it adds value and quality of living to your home as well as when you decide to sell. Today we are going over how each part of your home makes a difference in the overall value of your DFW home.
How Roofing Affects Your DFW Home Value
Roofing might sound like a boring part of your home, but it is one of the most valuable features. The reason being, if your roof is nearing the end of its capacity it could promote leaks, which in result decreases your home’s value. If you are considering selling your home, buyers will highly appreciate a new roof. Most buyers are not prioritizing investing in roofing repairs because of the high costs associated with it. This applies especially when they just purchased a home. A new roof will cover around 68% of your investment and increase your home’s value by $15,427, on average and if you have home insurance it is covered through that.
Your Home’s Foundation
Although foundation damage impacts every home differently, it still has an overall powerful impact on the value of your DFW home. What are some of the most common issues you may run into if your home’s foundation is suffering?
- Windows and doors may not line up like they used to
- Walls might begin cracking
- Floors might begin to evidently dip
These side-effects will potentially cause more hazardous problems if they worsen without proper care. Most foundation issues will reduce a home’s value by 10-15%. However, this all depends on the specific damage caused.
Window replacement (vinyl)
Windows are a highly underestimated asset of your home. They may seem unimportant, but they can easily be one of the greatest assets. The reason being, your home’s windows are directly correlated with the energy you use. A $10,000 investment in new windows will increase your homes value around $8,500 more. This equals an ROI of 85% on average for window replacements. Not to mention all the money you will save on those electric bills.
Your home’s landscaping is everyone’s first impression, and should be treated as such. When the outside looks good, everyone assumes the inside looks 10x better. A well-landscaped home brings great property value for that reason alone. The overall increase stands around 5.5 percent to 12.7 percent of the property value, depending on the landscaping job. This means 300k homeowners are looking at an extra $16,500 to $38,100 in ROI.
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