Brokers Tell All: 10 Ways to Boost House Value
5. Go Green
If maintenance and repairs are in hand, Virginia broker Roger Voisinet says put the greenbacks into green efficiency. If your heating or air conditioning systems are old, "new ones are so much better, with savings of up to 30 to 40%." Another example he points to: for $7,000 for the unit and installation, with $2,100 back in green tax credits, a solar-powered water heater could save you as much as 80% on your water-heating bills.
Research published by The Appraisal Journal estimates that energy savings add twenty times the annual savings to the value of your property. Though Roger Voisenet cautions, "a lot of appraisers don't know that yet," he says buyers appreciate now what appraisers will recognize later: Energy savers make your house more desirable. Says Seattle broker Reba Haas, "Do the update green, because everyone is now, for the first time in five years, asking about the utilities."