Good insulation helps sell homes

Good insulation increases your home’s value & desirability

Good insulation helps sell homes

When you’re selling your home, getting the highest offer possible is one of your biggest priorities. Although you can’t control factors like the current mortgage interest rates or the state of the economy, there are a few things you can do to increase the resell value of your home. One of the biggest ways to increase your home’s property value is insulation. If you’ve ever had to rug up with layers to stay warm indoors, you’ll understand why insulation is such a big draw card. Sadly for many of New Zealand’s older homes, poor insulation, (or no insulation at all) means cold houses and unimpressed buyers.

If you’re looking to sell your home for max return, it’s worth noting that good insulation does more than just keep your house warm, it helps sell your house. In some situations, a home energy grant may be available which provides low cost funding options for improving the insulation standards. You can learn more about the EECA Warmer Kiwi Homes grants here.

Here’s a few reasons insulation is worth installing if you’re looking to increase your home’s property value:

Homes with good insulation are easier to sell

Potential buyers know there’s a good chance a home with good insulation is free of damp, mould or mildew problems.  It’s also a good indication that the owner of the home has looked after the property. Because insulation is integral to your home being healthy (Homes that are poorly insulated, damp, or cold can cause health issues like respiratory problems or diseases like rheumatic fever. Buyers are more likely to purchase a home that is ready to live in from the get go.

It’s less work for the buyer

Sellers often seek top dollar for their homes. High inflation and interest rates combined with more homes on the market, lowers the chance of a buyer paying the asking price.  When considering an offer, buyers don’t want to spend more to fix things like poor insulation. Buyers will weigh the cost of improvements as part of their deliberation. Much like the point above, a buyer is more likely to be interested in a home that is ready to live in and isn’t going to incur further costs or work. Installing good insulation before you go to market makes your home more appealing against the competition.

An insulated home is a more energy-efficient home

While insulation might not raise your home value in a visible way, like fresh landscaping or a new kitchen does, an insulated home is more energy efficient and creates a small return on the investment by lowering  heating and cooling bills. You can learn more about creating energy efficient homes in our recent article.

A fully insulated house needs about half the heating of an uninsulated house. Energy efficient homes reduces waste of valuable energy resources and lowers the cost of your power bills.

Adding good insulation to your house is sure fire way to increase its value and make it easier to sell.  To find out more about insulating your home, contact us for an assessment.

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