5 Ways Houston First Time Home Buyers Maybe Able To Increase The Value of Their Home

May 22

Written By Diana

Image used with permission - Houston First Time Home Buyer Specialist

Hello and welcome to Houston First Time Home Buyers Edition, formally First Home Houston (FHH), where we provide useful information to help Houston first time home buyers make the most informed decision when it comes to buying, decorating, and maintaining their first home.

Here are 5 ways you can increase the value of your home once you become a first time home owner.

Energy-efficient Windows. Although they can cost anywhere from $120-1,200 per window, in addition to hiring a contractor to install them, energy efficient windows may increase the value of your home with a 60-70% return.
Bathrooms. Considered the biggest return on invest of any home improvement. Even minor cosmetic changes may provide an increase of about $1.71 for every one dollar you spend.
Solar Panels & The Inflation Reduction Act, does provide a 30% green tax credit for solar energy installations. In addition, adding solar can also reduce your monthly utility cost. You can use Google Project Sunroof - https://sunroof.withgoogle.com/ to show you how many hours of usable sunlight your house receives each year. For more information, please visit https://www.irs.gov/inflation-reduction-act-of-2022
A full kitchen remodel for a $200,000 house in Houston, TX., raises its value by about 6.38% on average which is right at $12,750. However, keep in mind that Home Advisor reports that full kitchen remodel can run up to $150 a square foot. Not exactly cheap, but worth it.
Replace the garage door. This is another way to increase the value of your home and also make your home stand out. No doubt, it will be worth the investment. While a new garage door may costs an average of about $1,200, it may add an average of $2,797 in resale value for a 133% Return on investment ROI.

As always, thank you so much for stopping by. Remember, if you are thinking of purchasing your first home, please contact us. We are here to help. We have been helping Houston first time home buyers since 2011 and we can help you. I hope you have an amazing day. Until next time...Diana