Most people love a good bargain, especially when it comes to their biggest and longest-term cost; their properties. While many home improvements fall into the luxury category, others are practical and beneficial not for just for the present but also for many years to come.
Many homeowners are reluctant to fork out for expensive alterations or additions. However, some of these investments are very smart. They can improve the efficiency of homes, save homeowners money in the long-term and increase the value of properties. Intrigued? Read on for some of the smartest investments you can make for your home.
Did you know that over 40 per cent of heat escapes via the roof and walls of an average home? This means homeowners have their heating systems turned up and on for long periods in order to heat their homes sufficiently. Of course, this results in high energy bills. Loft and wall insulation significantly reduces heat loss, reliance on central heating systems and utility bills. If you have recently paid for air conditioning installation, insulation will also improve the effectiveness of this system by keeping cool air in. Insulating your home will not only lead to more comfortable living conditions all year round, but it will also reduce your costs. These advantages will also be appealing to buyers if you ever decide to sell your property.
#2: Kitchen renovation
Kitchens are the heart of every home. If your current kitchen is old and dated, it will not only be difficult to operate but you can kiss goodbye to any hopes of selling your home anytime soon. Most buyers will be put off by a worn-out kitchen. So, updating your old kitchen could be one of the best investments you can make when it comes to your home. Don’t worry if you only have a small budget. Vast improvements can be made with just a few changes. A fresh paint, new cabinet doors, replaced work surfaces and installing energy efficient appliances may do the trick.
#3: Install solar panels
There are distinct merits that come with installing solar panels on your home. This way of generating power is cleaner and much less expensive than the grid. An average home that uses solar panels saves 50 per cent on its electricity bills. But there is the potential to eliminate this cost altogether. In fact, some believe you can make more money from investing in solar panels than stocks. Also, there are few obstacles to generating power in this way. The panels work well on all roofs, no matter which way they are facing, and generate plenty of power even if there is cloud cover. People from all around the world are becoming increasingly concerned with how they can decrease their carbon footprint. So, your solar panels could also increase the value of your home if you decide to put it on the market.
Although you may need to pay a large one-off cost, the benefits that come with these investment largely outweigh this cost.