Here are the home upgrades that pay off in the long run
Making room in your budget for home upgrades is difficult enough. How do you know which ones will give you the most bang-for-your-buck? What rooms in your house are better to focus on? What new technologies are available to start seeing a return on your investment? What are the areas in your home that you didn’t know could actually help save you money?
In this article, we’ll answer these questions and delve even deeper into everything you need to know about home upgrades. As a homeowner, you should know the tips and tricks when it comes to upgrading your home.
Also, be sure to check out our newest infographic below for additional information guaranteed to be helpful in any of your future remodeling plans.
Where should you start a remodel?
In a 2019 market study, researchers found that kitchen remodels hold the top spot for the home project with the most resale value. With a remodeled kitchen, the average resale value of your home increases by an average of 4.8% (about $15,000). This project’s benefits are two-fold: it not only boosts your home’s value, but also attracts potential buyers through improved curb appeal.
Bathrooms are the second-best room in your home to remodel. Fully remodeling a moderately sized bathroom adds about 3.8% to your resale value, which represents, on average, an $11,000 price increase. Of course, think beyond just new shower tile and a bathroom vanity. You’ll get some of the best bang-for-your-buck by having our team install new low-flush toilets and low-flow showerheads.
Remodeling a kitchen or bathroom doesn’t have to be absurdly expensive. You should work with trusted contractors and home remodelers who will help you to find good deals on high-quality materials. Focus on these three areas when planning your remodeling project:
- Quality: Cheap materials will wear down and break sooner, so it’s better to go with the highest-quality materials available.
- Practicality: Avoid luxury goods by focusing on how future homebuyers and homeowners would actually prepare to use them (e.g., kitchens for cooking and hosting space).
- Fit: Be mindful of how a project will come together as a whole: lighting, wall paint, cabinet colors, appliances, tile, etc.
Make your home more energy-efficient
Every year, there are new discoveries and affordable things you can purchase that will result in long-term energy savings. Energy-efficient upgrades pay for themselves by decreasing your monthly heating and cooling bills. Some of the simplest adjustments you can make today include:
- adding attic insulation
- upgrading your single-pane windows to dual-pane windows
- swapping your old thermostat out for a “smart” thermostat
Smart thermostats are a hot, new item on the market. You might be tempted to think of these as just another trendy tech gadget, but you’ll be convinced when you see the effect they have on your monthly energy bills! Cumulatively, all of these upgrades have an added benefit: in addition to reducing the energy used in your home, they will lower the hours your air conditioner and furnace have to work to keep your home comfortable.
Here are some additional upgrades that are worthwhile
There are three more essential areas that may be overdue or worthy of an upgrade. The first is your aging HVAC system. Replacing your old system with a new furnace not only reduces your monthly utility bills, but also boosts your home’s value.
The next area to focus on is your roof. A leaking or damaged roof can be a dealbreaker for most homebuyers, so it’s in your best interest to prioritize new roofing or shingles.
Finally, caring for your pipes and sewer line is a good long-term investment in itself. Developing good disposal habits everyday to prevent a sewer backup is saving you from a financial disaster down the road.
Ready to start making upgrades to your home?
Call the professionals at King Heating, Cooling, and Plumbing today to schedule an upgrade, inspection, or just to get energy-efficiency recommendations for your next home remodel.
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