GREENVILLE Blog

Can Insulation Improve Greenville Area Home Value in South Carolina

Whether you’re making plans to sell your house or you’re just looking into beneficial home improvements, your changes should have a positive impact on your home value. There are a number of factors that will influence your building’s price range throughout the years, many of which are out of your control. While you can’t impact the housing market or interest rates for sales, you can start to make decisions that will improve your local home value regardless of these external forces.

What Is An Effective Return On Investment?

While you may commonly hear the term referred to as ROI, a return on investment is an essential part of renovation planning. This calculation forecasts the cost-to-performance ratio for a project. When making decisions on an upcoming change, new purchase, or renovation, the cost is going to be one of the first things you look at. Finding the ROI helps you make cost-effective decisions and track if the upgrade will have a favorable outcome.

A quality return on investment opportunity is a top priority for homeowners doing research on new appliances or significant household adjustments. These updates should have a positive impact on your environment, not only for your savings but even for the comfort and safety of the space. At Koala Insulation of Greenville, we can help you keep an eye on all of the unique requirements that need to be met to make sure you’re investing in changes that have a position ROI.

3 Ways Updated Insulation Improves Local Home Value

Creates An Investment Opportunity

As you make certain changes to your home, these adjustments will impact the space for years to come. Regardless of whether you’re looking to put your house on the market any time soon, you’ll want to consider the return on investment these opportunities can provide. In fact, industry experts have recently reported that different types of home improvement projects will directly influence the value of your home the moment the change is made.

There are various unique needs of a building that are measured to consider the worth of the house. Many homeowners understand that location and the current housing market are two of the most common and influential factors to take into consideration. However, energy-efficient upgrades and energy usage have recently been seen as major sources to reference as well.

The National Association of Realtors published research in 2020 that examined the habits of homebuyers and sellers. The study found evidence that buyers are more significantly influenced by homes that feature environmentally friendly upgrades. Other studies have also found that over half of realtors say promoting energy-efficient features in a listing can help attract buyers.

Reduces Monthly Expenses

While making energy-efficient upgrades will help raise the value of your home for a number of reasons, there is one primary factor that appeals to potential buyers no matter where you’re from. The opportunity for savings for both the buyer and seller is a great advantage but buyers are most happy when renovation projects have already been completed; it’s one less item to worry about when they move in.

Updated insulation and air sealing reduce regular heating and cooling bills shortly after insulation, providing you with an incentive to get the upgrade even before you're planning to sell your home. ENERGY STAR estimates around 90% of homes in the U.S. have poorly installed material or inadequate coverage. Neglected insulation and air sealing contribute to many problems in your home:

• Air leaks from unsealed gaps, cracks, and holes
• Heat loss from poor temperature regulation
• Poor indoor air quality that increases health risks

These materials help support the temperature regulation and climate control systems in your home. When you put off scheduling regular evaluations and updates for too long, the materials steadily become less effective. Over time, insulation and air sealing can become deteriorated or damaged. Your HVAC system then needs to run more often which increases energy waste and costs throughout the year.

While air sealing reduces air leaks that can cause irregular airflow, insulation reduces heat transfer so the structure is less influenced by outside temperatures. Supporting your HVAC unit, building envelope, and other climate control systems helps to reduce the cost of maintaining a comfortable environment.

Cuts Back On Energy Waste

The last thing to keep in mind is that a return on investment is about more than just monetary cost and better savings. While these are easily calculated, evaluating the opportunity for a new home upgrade should also include factors like energy waste.

In a recent study conducted by the National Association of Home Builders, energy efficiency is a significant influence on potential buyers. The basic explanation is fairly simple: if the upgrades are already present in the home, it's one less potential cost for the new homeowner.

Existing features in the home provide a rate of return for potential buyers to measure based on the energy-efficient changes you've added to the house. These upgrades have visible benefits the new homeowner can track, serving as concrete evidence for improvement. By reducing energy waste, the insulation impacts both the home's energy and the local environment.

In addition to being cost-effective, many materials have more environmentally friendly attributes. With advances in research and technology within the industry, green initiatives have been put at the forefront of your potential options. Many materials are even made out of recycled materials. Cellulose insulation is one of the most common examples of this, being made of up to 80% recycled newspaper. Denim insulation is another great example, as it's made from recycled jeans and fabrics. When you schedule regular evaluations and maintenance, less material needs to be removed and replaced which reduces unnecessary waste and costs.

How Can Greenville Area Residents Improve Home Value With Insulation?

The EPA estimates that updating these materials can save homeowners up to 15% on their energy bills, on a national average. It’s important to remember this average is based primarily on climate zones, which means the calculations don’t take into account additional variables. Other crucial things to consider when calculating your ROI would be regular household habits, average energy use, and even other energy-efficient appliances you may already own.

If you’re looking for more information on how insulation and air sealing can improve your home value, savings, and comfort, contact your local insulation professionals. At Koala Insulation of Greenville, we’re dedicated to finding solutions that are both cost-effective and energy efficient so you get the most out of your home improvement plans. Contact our team of industry experts today to schedule your free evaluation.