Phoenixville, PA, a bustling borough in Chester County, Pennsylvania, has been experiencing growth like never before. Residents are very much aware of developments occurring in their community – its revitalized downtown area being one of them – and are keen on riding the wave of growth by finding ways to enhance the value of their properties here.
If you are a proud Phoenixville, PA homeowner, here are several pro tips to boost your property’s value at minimum cost and hassle.
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PHOENIXVILLE, PA: AN OVERVIEW
Basic facts
Known for its rich industrial heritage and proximity to Philadelphia, Phoenixville has transformed into a vibrant community with a thriving economy, an exciting dining, retail, and nightlife scene, and some of the most sought-after real estate in the Keystone State.
Even as it has bloomed into the highly developed suburb that it is today, Phoenixville has retained its small-town charm, bringing individuals and families together in the spirit of camaraderie and a strong sense of community. Cultural events and social gatherings here are well-attended and the borough is celebrated for its emerging art scene – perfect for anyone who desires a feeling of belonging and a rich cultural experience.
Phoenixville’s hilly terrain and the presence of a major waterway – the Schuylkill River – along its north and east borders also provide residents with several venues for enjoying the beauty of nature. From hiking on scenic trails to exciting water activities on the Schuylkill River, there’s no shortage of venues for exploring and reveling in Mother Nature’s gifts.
Real estate
Phoenixville, PA real estate is dominated by single-family homes and townhomes, with a few multi-family residences and condos completing the housing stock. One distinct feature of the local housing market is the large number of homes built before the 1940s (28.3%), making Phoenixville one of the most historic locales in the country. These vintage residences are almost the same in number as homes built from the 1970s to the late 1990s (28%). However, the number of recently built homes is catching up (23.2%), indicating the steady shift toward modernization and progress in the borough.
Homes in Phoenixville, PA were sold for a median price of $505,000 in May, rising from $465,000 in the same period last year. Even with the local housing inventory catching up with the demand, sellers are still enjoying post-sale figures that are 2.81% higher than their asking prices. Homes in Phoenixville are also getting snapped up by eager buyers in less than a month (22 days).
Some great neighborhood recommendations include Coldstream Crossing, Downtown Phoenixville, and Fillmore Village.
WAYS TO INCREASE HOME VALUE IN PHOENIXVILLE, PA
Whether you’re a Phoenixville, PA homeowner looking to maintain your home’s appeal, a seller aiming for top dollar, or an investor seeking to maximize profits, understanding tried-and-tested ways to increase home value is essential. Here are some expert-recommended tips to help you enhance your home’s worth.
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Curb appeal enhancements
FIRST IMPRESSIONS MATTER
The front of your house is the first thing potential buyers see, so make sure it stands out. Here are some ways to boost curb appeal.
- Stone veneer addition. Replace the bottom third of your home’s vinyl siding with stone veneer. This update, costing around $10,925, will recoup approximately 102.3% of its cost at resale.
- Steel door. Upgrade to a steel entry door for its low maintenance and energy efficiency. This will recover about 65-91% of the investment.
- New garage door. A new garage door will significantly improve your home’s appearance and offer a 133% ROI.
- Touch up exterior paint. Focus on covering chipped or flaking paint. For a more substantial impact, consider painting the front door in bold colors like yellow or green.
- Pressure washing. Clean your home’s exterior, including the patio, driveway, and sidewalk, to remove mold and dirt.
- Mailbox and house numbers. Replace worn mailboxes and house numbers. Seemingly trivial, these small details make a big difference in aesthetics and drawing attention.
- Front porch furniture. Add cozy seating like rocking chairs to create an inviting atmosphere.
- Landscaping enhancements. Trim overgrown plants, plant easy-to-maintain flowers, and ensure your yard is well-kept.
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Interior upgrades
KITCHEN AND BATHROOM UPGRADES
Many real estate agents believe that the kitchen and bathroom are the two living spaces that have the biggest impact on a home sale. As such, improving on these two rooms is among the best ways to increase home value.
- Kitchen renovations. Small updates like painting cabinets and adding a backsplash make a huge difference. For major upgrades, invest in high-quality materials and energy-efficient appliances. Mid-range upgrades offer a better ROI.
- Bathroom remodels. Focus on essential updates like new vanities and fixtures. For extensive remodels, consider granite countertops and heated floors. Mid-range renovations often provide better returns than luxury remodels.
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Energy efficiency investments
BOOST ENERGY EFFICIENCY
- Energy-efficient appliances. One of the best ways to add value to your home is to invest in Energy-Star-certified appliances like refrigerators, dishwashers, or washing machines as these significantly reduce utility costs and appeal to a growing population of eco-conscious buyers. With more buyers on the lookout for homes with sustainable features, this becomes a valuable investment.
- Smart thermostats. Installing these devices allows you to optimize energy consumption by programming the heating and cooling systems according to your preferred schedules. These devices are usually controlled remotely via smartphones, providing convenience and potential energy savings. This modern upgrade not only reduces utility bills but also attracts buyers who prioritize technology and energy efficiency.
- Window upgrades and insulation. Replacing old, leaky windows with energy-efficient models can significantly reduce heating and cooling costs. Additionally, adding proper insulation to walls, attics, and basements helps maintain a consistent indoor temperature, reducing the strain on HVAC systems. These improvements enhance comfort and lower energy bills, making the home more appealing to buyers. Studies show that energy efficiency upgrades can recover around 80% of their costs at resale, making them a wise investment
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Smart home technology integration
UPGRADE WITH SMART HOME FEATURES
Smart home technology is one of the ways to greatly increase your home’s value by boosting security, convenience, and entertainment. Consider these additions:
- Smart thermostats. Devices such as Google’s Nest Learning Thermostat or Ecobee offer advanced features like learning your schedule and adjusting temperatures accordingly. They also provide energy reports and suggestions for optimizing usage, further enhancing the home’s energy efficiency. This upgrade appeals to buyers looking for convenient and sustainable living solutions.
- Fire and carbon monoxide detectors. Improve home safety by installing these detectors that connect to your mobile phone. They send real-time notifications to your smartphone when activated, ensuring you are promptly alerted to any danger even when you’re away. Additionally, many smart detectors integrate with other smart home systems, enhancing overall safety and making your home more attractive to potential buyers. This modern upgrade not only provides peace of mind but also increases your home’s value.
- Smart security features. Adding smart security systems, including video doorbells, security cameras, and smart door locks, will greatly enhance the safety and appeal of your home. These systems allow homeowners to monitor their property in real time and receive alerts on their devices. The added security and peace of mind are strong selling points for potential buyers, especially families and individuals who value safety.
- Smart lighting. Enhance your home with smart lighting systems that allow you to automate and control lights remotely. These systems offer energy savings by optimizing usage and creating ambiance with customizable settings. Smart lighting may also be integrated with other smart home devices, providing convenience and modern appeal that attracts potential buyers. This upgrade not only reduces energy costs but also adds a touch of sophistication to your home.
High-income buyers, especially millennials, are drawn to homes equipped with the latest technology, making this an attractive feature in the real estate market. According to the National Association of Realtors, amenities like high-end Wi-Fi access and keyless entry are highly desired. Installing smart devices could typically be done for $1,000 or less, making this a relatively affordable means of modernizing your home and one of the best ways to increase home value.
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Flexible living spaces
- Convert unused spaces. Transforming basements or attics into functional living areas adds significant value to your home. A finished basement may serve as a guest suite, home office, or entertainment room, providing additional usable space that appeals to buyers. Attic conversions also create cozy and private living areas, enhancing the overall square footage and utility of the home.
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Enhanced storage solutions
OPTIMIZE STORAGE
- Built-in storage options. Implementing built-in storage solutions in living areas and bedrooms will greatly enhance the functionality and aesthetics of your home. Custom shelving, built-in bookcases, and integrated cabinetry provide ample storage space while maintaining a clean and organized look. These features are particularly appealing in smaller homes where efficient use of space is crucial.
- Closet organization systems. Maximize the storage potential of your closets with these systems. They typically include adjustable shelving, hanging rods, drawers, and shoe racks, helping to keep clothes and accessories neatly arranged. Well-organized closets are a major selling point as they offer convenience and efficiency to potential buyers.
- Organized garage space. Enhancing the storage and utility of your garage by adding shelves, cabinets, and tool racks will make this often-overlooked space highly functional. An organized garage not only provides additional storage but also appeals to buyers looking for workspace for hobbies or projects. A clean and well-maintained garage sets your home apart in the competitive real estate market
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Neighborhood amenities
HIGHLIGHT LOCAL ATTRACTIONS
Phoenixville is a vibrant locale with a rich blend of arts, culture, outdoor activities, and community events, making it an attractive place for potential buyers and investors. Showcasing these great attractions and activities is one of the best ways to increase home value.
- Arts and culture. The Colonial Theatre, a historic landmark, screens both new and classic films, including the iconic 1958 film, The Blob. The Art Gallery at Franklin Commons and several other Downtown galleries showcase works from numerous local artists.
- Outdoor recreation. The Schuylkill River Trail offers opportunities for biking and walking while French Creek State Park provides over 8,000 acres for hiking, fishing, and camping. Black Rock Sanctuary is perfect for bird-watching and exploring wetlands, making Phoenixville a haven for nature lovers.
- Annual events. Phoenixville hosts several popular events, such as the Firebird Festival, Dogwood Festival, and Blobfest, each bringing the community together and attracting visitors. These events create a lively atmosphere and a strong sense of community.
- Parks and trails. With 16 parks, Phoenixville offers ample green spaces with playgrounds, picnic areas, and sports facilities. These parks provide residents with numerous recreational options and enhance the town’s appeal to families.
- Local attractions. The town features diverse restaurants, local breweries, and unique shops that contribute to its bustling atmosphere. Renowned dining spots like Bistro on Bridge and Il Granaio, along with breweries like Sly Fox Brewing Company and Iron Hill Brewery & Restaurant, make Phoenixville an interesting culinary and social hub.
By implementing these strategies and highlighting the vibrant community and amenities of Phoenixville, you’ll significantly increase your home’s value and appeal to potential buyers.
FIND WAYS TO INCREASE HOME VALUE WITH A LOCAL EXPERT’S HELP
Need more tips for selling your home in Phoenixville, PA fast? Finding ways to increase its value is just one important tip, and there’s so much more that we at the Marie DeZarate Real Estate Sales Group could share with you. Our experience navigating the real estate landscape in the counties of Chester, Delaware, and Montgomery since 2007 has provided us with the knowledge and tools you will need to get the best and quickest deal from your home sale.
Our team takes pride in being responsive to our clients, being honest and communicative, and giving guidance to maximize your sale or close your purchase deal. Should you allow us to guide you in your home sale, expect excellent market knowledge, a tailored property search, an advocate for negotiations, and support every step of the way.
Contact us soon for a real estate consultation by calling 484.881.2397 or sending an email.