The median price of homes in Los Angeles rose by 7.4 percent, while sales climbed 18.4 percent in December 2019 compared to a year earlier, indicating that the housing market is gaining steam after months of slowdown. 2020 is projected to be a good year for the LA housing market, which means that if you ever plan to sell your home, this year might be the best time to do it. However, just because home prices are rising, it does not guarantee that you will get a good price on your home if you do sell. As a homeowner, there are some things you need to do, not only to maintain the value of your home but also to improve it.
Following Proper Repair and Maintenance Practices
The easiest way to maintain your home’s value is by being a responsible homeowner and taking good care of it. As long as you’re living in it, repair issues are bound to pop up now and then. In most cases, repair issues start small and gradually get worse and more expensive to fix if you do nothing about them. To prevent this, you need to be constantly on the lookout for repair issues by conducting regular inspections on the different systems in your home and then fixing any issues you discover immediately.
One area that you need to pay closer attention to is your plumbing system. If you fail to fix leaks, sewage system complications, and other plumbing issues the moment they arise, the resultant damage in your home could cost thousands of dollars to fix. Searching for plumbers Los Angeles will help you find professionals to conduct preventive maintenance on your entire plumbing system to ensure that everything is always operating at 100 percent. In case your house needs some renovation after any unfortunate leaks, you can reach out to experts to fix water damage, like these experts: Water damage in San Diego
Investing in Solar Energy
Los Angeles is sunny throughout the year, making it one of the best places to install solar panels as a secondary or even primary source of energy in your home. As the debate about climate change heats up in the US, consumers are thinking more about the environmental impact of their purchasing decisions. Going green is cool now, and by investing in solar energy, you will entice more buyers and at the same time improve the overall value of your home. On top of that, you’ll qualify for installation tax credits from the state and federal governments. Today with TurboTax Live, you can have a fully credentialed income tax expert help answer your tax questions. While solar panels will cost you around $ 25,000 to install, many homeowners report that they can pay for themselves after only two years, due to reduced utility costs.
Building an Accessory Dwelling Unit (ADU)
ADUs or granny flats are quickly growing in popularity in Los Angeles, not only for their ability to house family and friends for short or extended visits but also for the value they add to a property. Buyers love homes with ADUs since they provide more living space on the property, which can be a source of rental income. However, you’ll need to navigate a lot of local rules before building one. For example, you’ll have run your project plans by your local department of building and safety. You’ll also need to pay close attention to its size, ensuring that it doesn’t exceed 1,200 square feet or half the size of your existing home.
Whether you intend to sell your home or not, you have a responsibility to maintain its value, and where possible, to improve it. It is up to you to select the projects that not only add the most value to your home but also suit you and your lifestyle.
