If you were to sell your home, what can you do to drive up its value? When most homeowners hear that, they immediately think about the sorts of renovations they could undertake, such as replacing carpet with hardwood or adding on an accessory dwelling unit (mother-in-law apartment).
Many homeowners fail to realize, however, that appliances can also drive up a home's value, often dramatically.
Why appliances drive up the value of a home
More and more, homeowners recognize the aesthetic and quality-of-life improvements that good appliances can make in a home. On a purely visual level, certain styles of appliances can greatly improve the beauty of a living space, enhancing that open-house experience for potential buyers.
Current projections expect the household appliances market to reach $763.45 billion, a 5.4% compound annual growth rate, by 2025. People are on the market for aesthetic, cutting-edge and functional appliances. On a practical level, appliances that use smart technology or are energy-efficient and eco-friendly (not all smart technology is) can greatly improve a homeowner's quality of life and bring down monthly energy bills. All of those benefits help appliances increase the value of a home.
What appliances should you invest in to increase your home's value?
Typically, kitchen and laundry appliances give you the most bang for your buck if you're trying to make your home more appealing and functional. They're easy to notice and demonstrate, and will contribute more to your home's value than appliances in other parts of the house.
When looking at specific appliances, first evaluate them by appearance. If they're going to be highly visible, stainless steel or black stainless appliances will allow you to create a timeless appearance that will always come off as sleek and modern. In terms of the sorts of appliances you should target, consider:
- A sleek smart fridge
- A late-model garbage disposal
- A smart oven or stove
- An energy-efficient dishwasher
- A convenient washer and dryer set
Once your kitchen is top-notch, it may be time to look at the laundry room. Having up-to-date washers and dryers can be a major attraction for potential homebuyers. You'll likely score bonus points if you have an energy-efficient washer and dryer.
The kitchen and laundry room are the two areas where appliances can drive up the value of a home. Those rooms are dense with appliances and have the most complex or useful appliances in the house. Beyond those areas, though, there are possibilities for other appliances to add value, including televisions and audio.
All of those appliances will give you a great return on investment, relatively cheap to purchase and install when compared with the increased value it adds to your home.
If you're interested in outfitting your home with new appliances to drive up its value, why not head over to Queen City Audio Video & Appliances? For nearly 70 years, we've been providing homeowners with a vast selection of high-quality, appealing and affordable appliances. To learn more about what we can do for you, visit QueenCityOnline.com today.