Going Green: Eco-Friendly Updates to Up Your Home’s Value

Eco-friendly and energy efficient upgrades aren’t just good for the earth—they’re also good for your wallet! While tried-and-true value-boosters like updated kitchens and bathrooms and new flooring still boost your price, energy-efficient additions are in, and people are willing to pay extra for them.

If you’re looking to boost your Main Line home’s value and save some in the long term, here are the best eco-friendly updates to make before selling.

Energy-Efficient Windows

Windows.

While replacing your windows can be a little pricy—ranging from a few thousand dollars to over $20,000 based on the number and quality of windows you choose—your savings will more than pay for it. According to a recent Cost vs. Value report from Remodeling, replacing 10 of your windows with vinyl upgrades can add almost $11,000 to your resale value.

Along with windows, replacing your door can be a much more affordable choice, but it won’t net as high of a return.

Solar Hot Water Heater

Solar hot water heaters are an energy-efficient alternative to a regular hot water heater and can decrease your water heating bills anywhere from 50% to 80%.

Many times when buyers are seriously looking at a home, they’ll ask the owners for recent utility bills. Handing over a bill that’s less than half the cost of what’s expected not only gives you a huge leg up on the competition, but it also makes your home more valuable.

Insulation

Replacing your insulation is one of the more affordable options for upgrades, coming in at just over $1,000. But when you’re reselling? New insulation—in just your attic alone—provides a 116% return on investment.

Other insulation options include your walls and basement, and these options will also up your home’s value and save money on heating and cooling bills.

Solar Panels

A solar panel.

Obviously, solar panels are going to be one of the most expensive eco-friendly upgrades. A decent portion of the profit from solar panels comes after they’ve been installed for a few years, so it might be an update you make early on in home-owning.

If you do opt to install, the average added profit for a medium-sized home with panels is just under $30,000. Plus, homes with solar panels typically sell 20% faster than those without. Of course, if electricity prices rise or are already high where you live, then you can expect that number to be a little bigger.

Smart Technology

A smart thermostat.

Smart tech in the home is one of the most popular current trends. In fact, 70% of millennials—AKA one of the largest home-buying demographics this year—say that they specifically look for homes with smart technology.

When it comes to being eco-friendly and energy-efficient, smart technology offers a few options. Smart thermostats can help regulate your home’s temperature and save your money on bills. Smart lighting can turn on and off based on when you’re at home or in certain rooms. Best of all? These are some of the most affordable upgrades, but will make your home rise above the competition.

Ready to List Your Main Line Home?

Now that you know what it takes to boost your home’s listing price, it’s time to get ready to sell. Explore some of the resources my team has to offer sellers around the Main Line, and give us a call when you’re ready to get started!

This Spring is the Best Time to List Your Main Line Home—and Here’s Why

There are tons of articles telling you all about the perfect season for buying and selling your home, but most agree—spring is an undoubtedly busy time for real estate.

If you’re on the fence about listing your Main Line home on the market this season, here are a few reasons to make the leap.

It’s Convenient Timing

Kids playing in a grassy field.

While location is always a priority for buyers, timing is just as important. Spring is the perfect window between the cold weather of winter and the hot temperatures of summer, making it ideal for moving. It’s also a nice gap before the new school year and the holiday lull of summertime.

Since the timing is so ideal, you’ll also be dealing with more serious buyers. This is good news for you, since more foot traffic means more offers.

Your Home Has Never Looked Better

A backyard garden.

Staging your home is half the battle in a successful selling experience, and spring is one of the best times to show your property off! Take advantage of warm weather and fresh blooms, and put out some colorful flowers, new plants, and seasonal lawn decor.

But it’s not just the inside of your home that benefits from the season—there are plenty of ways to use spring inside, as well. Natural light is a great mood-booster, and open windows can make your space look larger, so throw open those curtains and let the sun in. Want to make your home smell fresh? Bring in a few of those flowers from outside for a pleasant scent and a pop of color.

More Competition Means Higher Prices

A woman counting money.

When you’re selling your home, you want to get the best price possible. After all, you’ll probably be using your profit as a down payment on a new place. When you sell in the spring, the influx of interested buyers often leads to higher prices—and maybe even a few bidding wars.

Not sure how to price your house competitively? No worries! I can find the best listing price for your interests and field all of the incoming offers.

Quicker Closings

A couple being handed the keys to a home.

On average, the closing process takes around 50 days, although that number tends to fluctuate based on season. Lucky for you, the springtime usually means quicker closings.

Since buyers are more active and motivated, the usual roadblocks that slow the process down—like lack of funds, delayed mortgage approval, and no homeowner’s insurance—are usually taken care of ahead of time.

The Market is Prime

A house.

If you’re thinking of selling this year but on the fence about putting it off, experts say that the 2019 market is your best option. This year, a large wave of millennial buyers is expected to hit the market A recent survey from Trulia found that out of 2,000 US adults, more than one-fifth of people between 18-34 said they were looking to buy this year.

Additionally, interest rates have remained relatively low lately, but they are expected to keep climbing over the next year. For buyers looking to get low rates, now’s the time to act.

Ready to List Your Home?

If you’re gearing up to sell, there’s no better time than this spring. With motivated buyers and an ideal market, don’t miss out on capitalizing on better profits and quicker closings.

Ready to list your Main Line home? Just give the MacDonald Team a call today!

Historic Meets Hip in Center City, A Community in the Heart of Philly

Are you looking for a home in the heart of Philly that combines the city’s historic past with its sophisticated future? Stretching from the Schuylkill River to the banks of the Delaware, Center City is home to some of the most popular attractions in the Philadelphia.

Chic shopping centers, historic plazas, luscious city parks — they all find their home in Center City. Explore a little more about this one-of-a-kind neighborhood, and let us help you find your home here, too.

Old City

The Liberty BellA neighborhood within a neighborhood, Old City is located within Center City and is packed full of national history and waterfront attractions. For example, did you know that both the Liberty Bell and Independence Hall — not to mention places like the American Jewish History Museums and Constitution Center — are located in Old City? If you’re a history buff, then you can easily get lost for hours exploring this neighborhood.

If history isn’t really your scene, then Old City still has plenty to offer. The Delaware River Waterfront is home to tons of yearly events, stunning walkways, and a smattering of shops and restaurants. Check out a few of the can’t-miss sites and sounds along the Delaware River!

Rittenhouse Square

A city street in Philadelphia near Rittenhouse SquareWhen you live in Philadelphia, almost every part of the city has some sort of claim to historical significance, and Rittenhouse Square is no exception. A neighborhood that perfectly blends the historic with the modern, Rittenhouse is one of the five original squares mapped out by William Penn, the city’s founder.

Now known as upscale and exclusive, Rittenhouse Square is home to tons of top-notch restaurants, boutiques, and luxurious high-rise homes. Plus, the neighborhood is centered around a luscious city park, filled with cozy benches, shady trees, and immaculate landscaping. When you live in Center City, Rittenhouse Square is just one of the many attractions that are a stone’s throw away.

City Parks

A fountain in a city parkOld City and Rittenhouse Square offer a great blend of city amenities and small parks, but there are also plenty of stand-alone parks to explore in Center City. If you’re looking to lace up your shoes and enjoy a breath of fresh air, here are a few of the best parks in the area.

Dilworth Park is the latest edition in the city and has quickly become a hub for activity in the community. Enjoy the interactive fountain, on-site cafe, and active events calendar — featuring live music, festivals, and move screenings. For more of a traditional park experience, we recommend hitting the Sister Cities Park, which features gardens, ponds, and playgrounds.

Luxurious Homes

A modern loft in the cityIf the amenities of Center City aren’t enough of a highlight, then the homes will definitely grab your attention. Whether you’re looking for a historic brick-front townhouse or a modern high-rise loft, we can help you find your dream home in the heart of the city.

Homes in Center City offer exclusive features like hardwood floors and granite countertops, state-of-the-art appliances, exposed brick, and private balconies — not to mention some of the best views of the city. A few examples of amenities in the buildings include private parking and an automated parking system, expansive pools, modern fitness centers, and full spas.

Ready to see more? Explore a few of our favorite listings, and find your modern metropolitan home in Center City!

Let’s Get Started

If you’re looking for a neighborhood in the middle of big-city action that effortlessly maintains its historic charm, then Center City is the place for you. There’s truly no other place like it on Earth!

If you would like more information, have any questions, or would like to get started, don’t hesitate to contact the MacDonald Team today!