Your home is your sanctuary, so it makes complete sense that you want to keep investing in it to ensure it meets your needs, fits your lifestyle, and continues to be a safe space and retreat from the outside world.
But when it comes to investing in your home, what areas should you be looking to enrich your quality of life as well as your home value
Insulation
Insulation, a key element in maintaining a comfortable and secure home, is recommended by the Department of Energy to have an R-value of at least 38. With more eco-conscious buyers, adding additional insulation boosts your home’s energy rating and provides a sense of security, making it attractive to prospective buyers should you decide to sell up and move on. Energy Star suggests you can save up to $500 on your energy bill with improved home insulation, and The Department of Energy suggests your home value can be boosted by up to 28%. It’s worth talking to insulation companies to see what areas of your home you can insulate for maximum benefits.
Kitchen
When it comes to home upgrades, the kitchen is not just a room; it’s a place of joy and satisfaction. It’s a good idea to take a look at the kitchen because this is one of the main focuses of prospective buyers when they come to view your home. Old, shabby kitchens that aren’t fit for purpose can seriously detract from your home’s functionality and value, so if you’re making upgrades that benefit your family, the kitchen is a great place to start. An added bonus is that, on average, new kitchens recoup around 60% of their cost upon sale, so there’s that bonus too.
Hardwood Flooring
Hardwood flooring, a timeless and elegant choice, has been back in trend in recent years. If you’ve been anywhere near social media, you will have seen people uncovering stunning flooring in homes that have been covered up for many years. If your floors aren’t something special, then you can invest in hardwood flooring for your home to not only elevate the aesthetics and give you a long-lasting, impactful flooring option but also boost the value of your home to up to 5%, depending on the flooring you choose and the fitting and care of it.
Landscaping
Good landscaping in your home can potentially boost the value by up to 20%; however, it can increase your enjoyment so much more than the monetary value placed on it. If you like to spend a lot of time outdoors or you want to overhaul your yard, investing in landscaping could be the perfect way to compliment your home and enable you to get the most from your property. It’s recommended that homeowners keep renovation costs for landscaping to around 10 to 20% of the home’s current value for the best Return on Investment (ROI). ROI is a measure of the profitability of an investment, calculated as the net gain or loss from the investment relative to its cost. Use landscape architects to help you ensure you are making the right changes for an impactful investment that does exactly what you need it to.
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