your home value | Lake of the Woods Real Estate Blog

Key Takeaways:

When it comes to selling your home, supporting local businesses is one of the most profitable decisions you can make.
Local businesses love to give back to their communities, which can increase your home’s value over time.
We’ve worked with the most reputable businesses around—contact us today, and we’ll pass along our professional recommendations!

Use Local Businesses as Your Home-Selling Sidekicks

When it comes to selling your home, supporting local businesses can be one of the most profitable decisions you make. Instead of calling upon big-name chains, you can utilize homegrown service providers to save money and make sure the job gets done right. Investing in local businesses has been proven to increase a community’s real estate values—besides, there’s no better return on your investment than a genuine “thank you” from a neighbor!

For every $100 spent at small businesses, this much stays in the community…

Small businesses tend to reinvest in their local economies more than chains do, which is great news for homeowners and potential sellers. Plus, small business owners typically work, play, and live in the same communities as their storefronts—so they care more about seeing their hometowns thrive.

The Business Alliance for Local Living Economies found that communities with successful small businesses see property values increase by 50 percent on average. And with home prices appreciating, neighborhoods can benefit from attracting new business investments to spark economic growth. According to research done by The Alliance, $68 stays in the community for every $100 spent at local businesses.

Shopping small provides hyper-local services

Think of shopping local like a community-wide networking event—you strengthen your connections by spreading the word about your positive experiences at businesses in the area. And if you want to know the best providers around, you can just ask your real estate agent. Your local agent doubles as your go-to reference for the most reputable nearby businesses.

Selling your home is a hyper-local experience, one in which you can benefit from partnering with the most convenient local business of them all: your real estate agent. As a small business ourselves, we understand the importance of supporting local and giving back to the community, which is why we only recommend our best business partners to our clients.

Here’s why hiring local service providers is the strategic choice

When you decide to list your property, there’s most likely going to be some projects that need to be completed—things like renovations and repairs, staging for showings, and general maintenance should all be at the top of your to-do list. Hiring homegrown service providers is the strategic choice when it comes to selling your home. Not only will you be guaranteed great service, but you may even receive discounted rates. When real estate agents repeatedly refer their clients to local businesses, companies sometimes provide lower rates in return.

Invest in small businesses to increase your home value

Wondering which local businesses you should take advantage of when listing your home? Hire a landscaper to spruce up your curb appeal, use a local painter to incorporate a more neutral color palette, or contact a local handyman for repairs. Want to get the inside of your home showing-ready? Your agent can recommend a top-notch florist for a bouquet of local blooms. That’s the thing about shopping small—the owners have local expertise and will go the extra mile to make sure their clients are happy!

Want to Increase Your Home Value?

It’s simple—when you invest in local businesses, those companies turn back around and invest in your community, which increases your home value! It’s hard to fully understand the positive impact of shopping local, but it becomes easier when you see your property value rise over time.

We’ve worked with the best businesses in our community, and we know they would love to play a part in your real estate dreams. Just tell us what services you need, and we’ll send our professional recommendations your way!

Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.

To see available Lake of the Woods properties, please visit our site.

Repainting the walls, updating the kitchen and bathroom, replacing the hot water heater—there are ways to increase your home’s value that stand the test of time. But as the market and the priorities of buyers change, there are newer, more popular ways to get a high return on your investment!

Smart home technology is becoming a bigger factor for buyers, and it’s not hard to see why. Things like smart appliances, high-efficiency lighting, and programmable thermostats aren’t only convenient, but they also save you money on utility bills! Lucky for sellers, smart home technology is pretty affordable compared to other value-boosting projects and can increase your home’s resale value by a few percentage points.

Whether you’re selling your home soon and looking to get top dollar or just curious about your options, take a look at our guide to the top smart home technology to install in 2019.

Smart Appliances

Pretty much every appliance in your home has a “smart” option—refrigerators, washers and dryers, faucets, ovens, you name it. Smart fridges can self-adjust the temperature and create grocery lists, smart ovens allow you to check how much time is left from your phone and preprogam recipes, and smart washers will run during the most cost-effective time of day.

As far as what to install, you don’t have to replace every appliance with a smart version, but think of what’s most practical. Since kitchens and bathrooms are priorities for buyers, consider replacing the fridge, oven, or faucets.

Smart Security System & Locks

Installing a smart security system is one of the most popular smart improvements you can make. According to T3 Sixty’s recent survey of buyers interested in smart home technology, the largest amount of interest was shown for smart security systems.

The security includes anything from cameras that upload footage to a virtual database to locks enabled by wifi. Some companies, like Nest, Ring, and SimpliSafe, offer bundle packages with alarms, cameras, and smart doorbells. Since security is such a high priority for buyers, these systems will likely show one of the highest returns on your investment.

Smart Lighting

You know those lights that turn on when you clap? This is the next level. Not only can smart lighting be controlled via apps, but it can also be set to trigger under certain conditions, like when you walk by or when you leave for work. Forget to switch the lights off before leaving? No problem—you can just turn them off from your phone!

It’s recommended to buy a starter pack, since those come with light bulbs and other supplies you’ll need for setup. Once that’s all installed, most systems are compatible with smart speakers like the Amazon Alexa and Google Assistant.

Smart Thermostats

Buying a home is a big investment, so if you can show potential buyers how your home can help save them money, it’s going to make your property that much more desirable. According to studies conducted by major smart thermostat providers like Ecobee and Nest, homeowners saved 23% in heating and cooling costs (Ecobee) and around $150 annually (Nest). You can even estimate what the savings in your home might look like with an energy calculator!

The most popular smart home thermostats are Ecobee and Nest, which will run you around $200 – $300. If you’re interested in a budget option that will still look flashy to buyers, check out Honeywell. Of course, each system offers different features, so be sure to do a little research beforehand.

Smart Blinds

Smart blinds are a little more of a cosmetic perk for buyers, but they do have their money-saving benefits. You can set the shades to open or close based on peak sunlight times or the temperature of your home, which saves a few extra dollars on heating and cooling here and there. They also add an extra layer of security and convenience to the home, both of which are big selling points for today’s buyers.

Depending on the model you get, you can control your smart shades through an app, a smart hub, or even just your voice. You can even coordinate them with other smart features in your home, like the lighting or smoke detectors!

Check out options like the Serena smart shade by Lutron, the Pella Insynctive line, or Ikea’s upcoming August line.

Getting Ready to List Your Home?

While smart home technology might be one of the most popular ways to up your home’s value right now, there are plenty of other options. Give us a call, and we’ll be more than happy to walk through your home and recommend a few value-boosting improvements!

Already ready to list? Let us know, and we’ll help you find the best listing price for your home—with all of your recent upgrades taken into account.

Tag Archives: your home value

Here’s How Shopping Small Can Earn You Big Profits