#WelcomeHome: Make Your Home Attractive to Wyoming’s Growing Demographic
Every Friday morning this summer, connect with local resources right here on County 10, with this #WelcomeHome series by Central Bank & Trust. This week, James A. Raymond, with Raymond Real Estate Brokerage discusses 3 tips for making your home more attractive to potential buyers!
With Wyoming having been named as one of the top states for retirement, due to its low tax burden, quality standard of living, and reasonable property values, I’ve noticed a significant trend among past and current clients. Many are of the baby boomer generation, who are settling in the region or returning home after many years outside of Wyoming. As with any demographic sample, there’s a wide range of income levels among these new (or return) residents – from those on a fixed-income to those with significant wealth and investment capability. However, a common desire among this group has been a wanting of quality, low-maintenance housing that requires little improvement or reconstruction.
If you’re thinking about selling your home, you may notice a wide strata of housing on the market, ranging from the total revamp to the pristine palace. In the current market, it’s key to ensure that your home has the qualities that many buyers seek out, which will cost less for them in the long run and provide minimal headaches that can be associated with property ownership.
Tip One: Upgrade Your Roof
We all know that Wyoming is windy, and we’re no strangers to hailstorms in the summertime. T-lock shingles are no longer manufactured, which means if your home has this particular type of shingle and the roof is at all damaged, it’ll probably have to be replaced in its entirety. More and more, insurance companies are charging excess premiums or refusing to cover T-lock roofs.
Rather than replace your old roof with an asphalt shingle, consider spending the extra dollars for an aluminum or steel roof. The expected lifetime for metal roofing can be upwards of sixty years, compared to the standard thirty of shingles. It may not make much difference in the short run, but it is a long-term investment that adds value to your home, and makes it more appealing to those who are viewing property purchases from that standpoint.
Tip Two: Properly Insulate
This past winter, our region experienced wind chills upwards of -60 degrees, and one man died of hypothermia near Cody, due to lack of proper heating in his home. While that was an extreme case, it does emphasize the need for proper insulation, to avoid heat loss and energy waste.
According to EnergyStar.gov, most of Wyoming requires insulation R-factors of at least 51 to 60 for homes with uninsulated attics. Many homeowners, especially those with older properties, lack the necessary insulation and may be unknowingly spending money on higher utility bills. During the wintertime, if you notice that snow is melting faster on certain parts of your roof, your home may lack proper insulation.
Tip Three: Consider Xeriscaping Your Yard
Do water bills take up a large share of your monthly utility budget? Perhaps it’s better to reconsider the green lawn and think about xeriscape as an alternative. As much of our region consists of a high desert climate, basic xeriscape principles can be instilled easily into your property’s yard. The website LandscapingNetwork.com features many xeriscaping tips, including types of plants, soils, and other factors to consider, to make your home use less water while still looking stylish and attractive to potential buyers!
These three tips won’t guarantee your home sells, but they will contribute to making it much more attractive to potential buyers and could add value – especially to those who are looking for low-maintenance, quality housing that won’t break the budget.
James A. Raymond
Broker & Owner,
Raymond Real Estate Brokerage
Central Bank & Trust is making furnishing your new home—inside and out—so much easier! With every home mortgage closed through Central Bank & Trust, they’ll send you shopping for the essentials at any of these local businesses.