Profit from these housing market trends during 2021


Since the early phases of 2020, the United States housing market has been going strong because the coronavirus pandemic has caused many individuals and families to rethink how they live. While many used to live in dense cities as a way to have a shorter commute, the rise of remote work has caused a surge in demand for single family homes in the suburbs.

As HomeLight discusses in their Top Agent Insights Q4 2020 report, 92% of real estate agents said that they are seeing sellers market conditions in their area, compared to 48% in Q4 2019. The favorable conditions for sellers are likely to remain through 2021 because the amount of newly constructed homes was slashed in half from 6.8 month to 3.3 month supply and 84% of agents nationwide report that housing inventory is lower than they expected.

Considering those facts, if you’ve been thinking of relocating and putting your home on the market, now is a great time to put your home on the market. Below are a few tips to help you prepare your home so it attracts buyer attention, and also allows you to sell at a decent price.

Make your home more energy efficient

HomeLight found that nearly 50% of real estate agents nationwide have seen buyers increasingly seeking out properties that already are energy efficient.

There’s a variety of ways you can improve your home’s energy consumption, however one of the easiest methods is to upgrade your windows as they account for a significant portion of heating and cooling costs. When shopping for windows, you should look for windows with a U-factor rating of at most .30, and with glass that is coated with low-E which is an invisible metallic layer that reflects UV rays and further increases insulation.

An alternative to replacing windows is to add insulating window coverings such as blackout thermal curtains, or cover your windows with window insulation kits.

Enhance your home’s landscaping

Tidying up your home’s exterior and adding a garden are both effective ways to boost your home’s value and attract the attention of buyers whether they’re shopping for homes online or in-person. In fact, adding a garden to your home can boost its value by as much as 77%. A few things you can add to your garden are flowers, herbs, succulents, vegetables, and succulents.

Although building out a garden can be daunting, the good news is that you don’t need to have elaborate landscaping to command a higher selling price. The most effective garden you can have when selling your home is one that is easy to maintain. Large gardens can catch attention but they can also intimidate buyers who don’t have the time or budget to keep it in shape.

Many homeowners have seen success from using low-maintenance plants such as weigela, peonies, and coral balls. You can also purchase a fountain or bird bath to turn the garden into a relaxing retreat. 

So there you have it, a few tips to help you boost your home’s value during the strong housing market of 2021. 

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