Home Improvements That Pay Off

24 Sep

If you are planning to make improvements to your home, but are limited by a smaller budget, don’t worry. There are several home improvements you can make that will pay off well from a value perspective, which will offset the investment you need to make.

Home improvement projects are usually designed to enhance the look and/or functionality of your home. But, not all home improvements pay off in the future, especially if they are simply for luxury and do not add new functionality to your home.  So, when you are looking at ways to maximize the value of your allotted budget, focus on the improvement projects that actually pay off, so it will be worth it in the end.

Here are some examples of which home improvements produce the greatest returns:

  • Add insulation. Depending on the extent to which it is needed, adding insulation to your home can require a significant amount of money. However, failing to do so will result in more money spent over time. The lack of action will be reflected in your energy bills because your house will not contain heating and air conditioning as well, and your units will run much more frequently than they would need to if you had a better insulated home.
  • Replace old bulbs with fluorescent bulbs. Energy efficient bulbs will also help you save on your electricity bills, which, again, adds up over time.
  • Install a programmable thermostat. This will allow you to automatically adjust the temperature of your home depending on your need and thereby reduce unnecessary energy output. For example, your home doesn’t have to be as warm or as cool at night when you’re sleeping or when you’re away at work.  This is a great way to regulate your energy usage based on reoccurring daily activities.
  • Update your windows and doors. Replacing your old windows and doors will help enhance the security of your home. You can install new windows that have more secure locking systems.  These changes will also help to make your home more energy efficient.
  • Replace old appliances. Old appliances are usually not energy-efficient and they can significantly increase your energy usage unnecessarily.  If your appliances are old, it is probably better to replace them than try to have them repaired when they start having problems.  You may decide to not even wait until they start breaking down because there are a lot of rebate incentives for purchasing energy-efficient appliances.
  • Add landscaping. This adds to the overall curb appeal of your home. Plant trees and flowers in your garden. It creates a welcoming first impression that both you and potential buyers will enjoy if you ever decide to sell your home.
  • Install low-flow showerheads, faucet, and toilets. When you take a bath, wash our hands, clean produce, or flush the toilet, more water goes down the drain than is actually used.  But using low-flow fixtures, less water is wasted.

Jennifer Fields
Oklahoma City & Edmond Real Estate Agent
405.330.0031

 

 

 

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