Buying or selling a home? If you’re on the selling end, the good news is that the market has returned. It’s a seller’s market so it’s a great time to put your home on the market when it comes to property value. (And if you happen to have installed a new garage door recently, the market is even more in your favor.) IAnd if you’re buying, there are factors to consider as well, such as what kind of home is more likely to be worth more later. A home is an investment. Here are 5 trends to be aware of to help you make the most of it.
It’s a Seller’s Market
The housing market has undergone an incredible turn around over the last decade. Value has returned, markets have stabilized, and homes are able to fetch a decent price, especially in Elk Grove, California. The supply of housing has gone down — which means property values have gone up. And if you are in an up and coming neighborhood that has undergone gentrification, your home may be worth a good deal more than you paid for it. Talk to a realtor about your best options.
It’s All About Living Space
As home prices have gone up, making the most out of all available living space is key. There’s no room for waste. Garages that have been converted to living spaces are key. (It helps if the garage door is comfortable and has added features like an insulated garage door, for example.) If you are selling your home but tight on space, you might consider renovating the garage to allow for an entertainment room, gym, or yoga studio.
Insulated Garage Doors: Energy Efficiency Can Make or Break a Deal
People love saving energy. It’s better for the earth — and it makes for a lighter electric bill. Homes that have insulated garage doors are likely to be worth more. That’s why we always encourage our customers to consider insulation when shopping for a new garage door, even in a warm climate like California. Solar panels can also substantially improve the resale value of a home.
New Garage Door? The Added Security Can Be an Attractive Feature
These days, home security tops most home buyers lists. Homes with alarm systems, smart garage doors with cameras and remote access can be attractive to homeowners, especially in areas like Elk Grove, California where crime is a concern. A new and updated garage door improves security by making it harder for thieves to break in. A better connected world is a safer world — know when your kids come home, have complete access to your garage remotely from anywhere.
Renting is Only Getting More Expensive
It’s also worth noting that the rental market continues to accelerate, with no signs of slowing down anytime soon. It’s a good time to stop renting and take advantage of the benefits of home ownership. There’s no better time than now.