You may not be able to change your home's location, but you can do other things that will help increase your Havasu home value. Some take just a bit of elbow grease and time. Others require you to dig a little deeper into your pockets. But all of these make your home more appealing to buyers as well as appraisers.
Increase Your Havasu Home Value
A Little Nip and Tuck
The first and probably the easiest way to increase your Havasu home value is by focusing on your curb appeal. Buyers and visitors see this first. Add flowering succulents and desert-friendly flowers in brightly colored pots for color. If you can't afford to shell out the big bucks for an overall exterior paint job, at least paint the front door. You'd be surprised at how different your home can look with a fresh coat of paint on this one little spot. A nice water feature creates a beautiful focal point on your front porch. Fix sagging shutters, broken windows, and torn screens.
Inside, take an honest look at your kitchen and bathrooms. They're more likely to bring down the value of your home if they're outdated than any other rooms in your house. Update fixtures, paint, and flooring. But you don't have to go with lavish updates here. Keep them in mid-level cost range to recoup the most from your investment.
Energy Efficient/Smart Home Features
Today's Lake Havasu home buyer looks for energy efficient and smart home features already included in a house. Replace old appliances like refrigerators, stoves, dishwashers and washer/dryer units with newer, more energy-efficient models. Quick tip: look for the EnergyStar* logo. Ditch the old barrel water heater. While you won't see an immediate increase in the resale value of your home, solar panels might be a consideration if you plan on staying in your home for a while. They save you money on utility costs and, when you do go to sell it later, they prove very attractive for buyers. Also, install a much more efficient tankless heater.
Make your home "smarter" by installng a learning thermostat (EcoBee, Nest). Add a wireless security system (ADT, Vivint). Install a lighting system you can control from an app on your phone (Amazon Echo, Phillips). All of these add value to your home.
Add More Square Footage
Finally, increase your Havasu home value by increasing your square footage. This takes time and money to achieve. You don't have to relegate this new square footage to the inside your home, though. You add value by adding or updating your deck. Turn your outdoor space into real living space. Create a backyard oasis for relaxing and entertaining. The possibilities are endless.
Whether you want to sell your home soon or simply wish to create your own private retreat, you can increase your Havasu home value pretty easily. Contact your bank to see about using an equity loan or equity line of credit to pay for these upgrades if you don't want to deplete your savings. What upgrades have you done to increase your Havasu home value? How did you pay for them? Please share your stories in the comments below.