Homeowners have been looking for ways to add value to their homes since many are concerned that home prices will start to drop after the pandemic.

Most people who want to sell their home start by making home improvements. The common belief is this is the way to recoup their expenses and make the greatest profit. However, this mindset may not always yield desirable results.

If you’re planning to sell your home in the future, you need to put yourself in the shoes of a potential homebuyer. For example, to increase your home value in Carlsbad, CA, go for home improvements that will add value in the eyes of buyers instead of going for changes that can give you the most returns.

Focus on improving the core features and specifications of the property. Improve the central heating, fix structural issues, and remodel outdated kitchens and bathrooms to impress prospective buyers. Keep the home fresh by repainting and well-kept by decluttering and depersonalizing the space. Finally, keeping a manicured yard and garden is another cost-effective way to increase your home’s value.  

Additionally, decorate the space with neutral styles to attract buyers of all ages. Add modern features such as smart devices and energy-efficient appliances for even more appeal.

Before getting into the top tips to increase home value, let’s get a sneak peek into the Carlsbad, CA real estate market.

Living in Carlsbad, CA

In 2020, Carlsbad in San Diego County was named one of the ‘Best Places to Live’ by Niche.com.

With a pleasing urban-suburban feel and lots of exciting recreational and commercial hubs, Carlsbad, CA is one of the most inviting places to live in California.

Nature-lovers get exciting access to beautiful beaches, lagoons, and the Flower Fields of Carlsbad Ranch, which boasts 50 acres of blooming flowers every spring. Residents are also treated to regular shows and attractions, outstanding shopping malls, and sporting events.

Carlsbad, CA residents also benefit from world-class golf courses, top-rated schools, and a low crime rate.

The city has a booming economy and is considered one of the wealthiest cities in California.

Carlsbad, CA Real Estate Market

As of now, the demand for housing in San Diego is through the roof, while inventory stays low. Because of this, the San Diego metro area ranked second in CoreLogic’s Home Price Insights as having the highest home price increase from 2020 to 2021.

• Most Carlsbad residents own their homes (64.4%), while 35.6% of residents pay rent.
• The majority of homes in Carlsbad, CA sell for $976,001 to $1.5 million, but interested buyers can still find homes in the $490,000 to $900,000 range.

Are Home Prices Going Up in San Diego? 

Home prices are going up in San Diego. In fact, the median home price in Carlsbad, CA is $1.295 million, which increased 25.2% from the previous year.

Because of the strong seller’s market, low to middle-income buyers might have more difficulty buying a property in Carlsbad. Contact us to find out how to use other people's money to become a cash buyer and increase your probability of having the winning offer.

What Increases Real Estate Value?

According to the economy and the housing market, home values tend to rise and fall. Generally, an increase in demand for housing with insufficient inventory will boost the value of a home. As population increases and the economy and quality of life improve in an area, so will the value of its homes.

However, relying solely on housing market trends can be disastrous in determining your home’s value. 

Home improvements that update homes' physical and functional value will increase property value.

Best Ways to Increase My Home Value In  Carlsbad, CA

These home improvements are aimed at building your home’s value in the eyes of clients. As a result, you could see potentially huge returns on your investment.

1. Update the Central Heating

Inefficient central heating is a huge turn-off for prospective buyers. While a new heating system can cost you about $4,500, it’s important that you focus on the basics before remodeling or redecorating the home.

2. Fix an Old Roof

Fixing an old roof isn’t limited to patching up leaks. 

Make sure to check old roofs for poor insulation and structural issues.

3. Update or Replace Windows

The need to update your windows isn’t simply for aesthetic reasons.

Updating or replacing your windows is a great way to make the home more energy-efficient. While dual pane windows have a higher upfront cost, they do wonders for reducing energy usage, improving insulation, reducing UV ray penetration, and blocking noise pollution.

4. Remodel a Dated Kitchen or Bathroom

If you plan on remodeling or upgrading a room in your house, focus on the kitchen or the bathrooms. 

These rooms make the strongest impression on homebuyers and promise the highest returns. Spending your home improvement money on the bathroom and kitchen can be the key to closing a deal fast.

5. Upgrade to High-End Finishes

Make sure to stay updated on the latest trends with today’s buyers.

This can mean investing in LED lights, stainless steel appliances, and quartz countertops. Upgrading to high-demand finishes keeps buyers' interest high while keeping expenses at a minimum.

6. Make Your Home Smart

Homebuyers in today’s market prioritize buying environmentally-friendly and energy-efficient homes. One of the best ways to make your home eco-friendly is to install smart devices that can be programmed to consume energy only when needed. Consider installing a smart thermostat, smart lighting, and smart appliances.

7. Improve Curb Appeal

Landscaping, or simply keeping your front yard manicured, is a sure way to keep buyers interested. Almost 70% of home buyers are more inclined to consider a home if the yard is well-maintained.

8. Add a New Coat of Paint

A simple coat of paint can do wonders to a seemingly rundown home.

Add instant freshness to the house by painting the bedrooms, living room, or even just the front door.

9. Declutter and Depersonalize the Space

Something as simple as decluttering the home, and keeping your design choices neutral, can make a home look more inviting to potential homebuyers. 

Depersonalizing the space encourages buyers to imagine themselves living in the space instead of distracting them with bold and unconventional décor.

10. Add a Finished Square Footage

Consider adding extra living space to the property. By adding a spare bedroom or an ADU/Granny Flat, you will instantly boost the home's value.

Think of what potential homebuyers will find appealing, such as a wide deck or an inviting sunroom.

Conclusion

Carlsbad, CA is currently a hot seller’s market. Home prices exponentially increase as demand for homes stays high and inventory stays low.

Carlsbad homeowners who want to add value to their homes make a great investment in their financial future.

To give you some tips on staging your home, you may click here. However, getting started on home improvements and upgrades can be overwhelming. 

With the help of an experienced real estate agent such as me, Dennis Smith, you’ll be sure to make wise choices that will make your home attractive to a wider pool of buyers.