You just put your home on the market; congrats! We know how exciting it is to consider upgrading (or downsizing) your home to accommodate your current lifestyle. During the selling process, you want to make your home look as appealing as possible so new homeowners can see what you saw: A new place to make memories. Therefore, it may be beneficial to increase your selling chances—and get a larger return on investment (ROI)—with a few plumbing upgrades.
On average, many homeowners have seen as much as a 100-200% ROI from plumbing updates. But which ones will get you the biggest bang for your buck? Our plumbing professionals at Mr. Rooter Plumbing of South Jersey have your answers.
If you’ve never had to deal with water damage, count yourself lucky. A whole host of issues accompany water-related damage, especially if your home has a basement. Waterproofing your basement can help increase home value and give you upwards of a 200% ROI. Why? Because basement waterproofing can:
- Fortify your foundation – Concrete and water don’t mix. Well, kind of. We should say your foundation and water don’t mix. Water can seep into your home’s slab, weaken the structure, result in mold, and cause foundation cracks.
- Keep the space clean – No one likes a dirty basement, particularly when potential buyers are touring a home. Basement waterproofing can protect against moisture that could attract pests and bacteria.
- Prevent severe water damage – We’ve all seen old water stains on ceilings, flooring, and walls. Picture these same water stains littering your basement. It doesn’t seem like the kind of space home buyers will flock to, and you’d be correct. Investing in waterproofing can prevent water stains you’ll need professionally removed, forcing you to come out of pocket to cover the cost.
Because parts of your plumbing are likely exposed in your basement, waterproofing can help prevent a water-related nightmare for you and the future homeowner.
If you care about the environment and want a higher ROI when selling your home, you’ll want to invest in a few “smart” and eco-friendly upgrades. We suggest going with a tankless water heater (so long as this system can accommodate your lifestyle and water usage) and a water-conserving toilet.
Tankless Water Heater
The National Association of Home Builders found that tankless water heaters can earn you up to a 61% ROI at resale. A study by Zillow also discovered that homes with tankless water heaters sold an average of over 40 days faster than homes without. And these homes sold for almost 5% more than their expected value. And if these aren’t enough reasons to consider a water heater update, check this out: homeowners that made the switch to a tankless water heater saw an average of $80 monthly savings.
When considering the resale price, most people don’t consider their toilets as an element that could increase home value, but it certainly can when you invest in a water-conserving toilet. According to the Environmental Protection Agency (EPA), standard toilets account for 30% of indoor water consumption.
Typically, we don’t recommend replacing a toilet if there’s nothing wrong with it. Saving money is the name of the game, right? Well, we know water conservation is important to many home buyers, as is keeping money in your pocket as a home seller. Ultimately, we all want clean, fresh water for future generations, and you can start by investing in a water-conserving toilet that can yield up to 63% ROI.
Smart Leak Detectors
Even the smallest plumbing leak can significantly and negatively impact your home and become a huge liability that forces you to pay for repairs yourself. Wouldn’t it be great to have a way to detect leaks and catch them before they worsen? Not only can you get a better return on your smart investment, but research shows a correlation between a smart leak detector and a decrease in water damage. Check out a few smart leak detectors to help monitor plumbing and get you your largest resale value.
Let Mr. Rooter Plumbing of South Jersey Get You Much-Needed Plumbing Upgrades
Our South Jersey plumbers are experienced technicians ready to help you with any plumbing upgrades to make your home more energy efficient and increase value. You can rely on us to install a tankless water heater, replace a standard toilet with a water-conserving one, and so much more.
Get in touch by calling (856) 336-5882 or scheduling a job estimate today!