When it comes to homeownership, investing in your home goes beyond just paying the mortgage to incorporate making smart home investments. In fact, according to a recent report by Real Estate Witch, about 95% of homeowners said they plan to take on major home investments and improvement projects in the next five years. While some upgrades are obvious, there are often hidden gems that homeowners might overlook. This article presents a comprehensive list of top home investments that every homeowner should consider.
Energy-Efficient Appliances
Investing in energy-efficient appliances is a wise choice for homeowners looking to improve their living spaces and save on long-term expenses. These appliances are designed to consume less energy while providing the same or even better performance than their traditional counterparts. You’ll get various benefits from installing energy-efficient equipment in your house while also helping to green the environment.
For example, these appliances are designed to consume less power or water, resulting in cheaper monthly energy bills. Savings may mount up quickly, making energy-efficient appliances one of the best financial home investments you can make. By preserving natural resources and lowering carbon emissions, energy-efficient appliances contribute to a more sustainable lifestyle. These appliances frequently have energy-saving features such as programmable timers, sensor technologies, and enhanced insulation, which all add to their efficiency.
They also contribute to less pressure on your HVAC system. Traditional appliances tend to generate excess heat, increasing the workload on your cooling system during hot summer months. Energy-efficient appliances, on the other hand, produce less heat and operate more efficiently, alleviating the burden on your HVAC system. This reduction in strain can lead to fewer breakdowns and the need for costly HVAC repair.
Garage Door Revamping
Neglecting your garage door in home investments can lead to potential hazards, inconvenience, and costly repairs in the long run. Investing in the repair and upgrade of your garage door investments not only enhances the safety and functionality of your garage but also contributes to reducing the need for costly garage door repairs. With a potential return on investment and the added benefits they bring, garage door repairs and upgrades are must-have considerations for homeowners.
Did you know? According to the National Electronic Injury Surveillance System (NEISS), garage door-related accidents account for approximately 30,000 injuries annually in the United States. Repairing or upgrading your garage door is therefore important to ensure the safety of your family and prevent potential accidents. Regular maintenance and addressing any issues promptly can minimize the risk of malfunctioning parts and enhance overall security.
Repairs notwithstanding, upgrading your garage door is another great way to improve its functionality and convenience. Installing newer models with advanced features like automated openers, remote control access, and safety sensors not only provides ease of use but also enhances the efficiency of entering and exiting your garage. This upgrade can be especially beneficial during inclement weather or when you have your hands full.
Additionally, a well-maintained and visually appealing garage door improves the curb appeal of your home. It significantly impacts the overall aesthetic appeal and increases the value of a property. A damaged or outdated garage door, on the other hand, can detract from the overall attractiveness and potentially decrease the market value of your home.
Roof Upgrades
Roof upgrades encompass various improvements made to enhance the functionality, durability, and aesthetics of your home’s roof. Whether you need to address specific issues, such as leaks or damaged shingles, or you want to revitalize the overall look of your property, roof upgrades are essential investments that offer multiple benefits. When it comes to roof upgrades, it’s advisable to hire professional services to ensure quality workmanship and optimal results.
Local roofers are trained and experienced in handling roof installations, repairs, and replacements. They have the expertise to assess the condition of your roof, recommend suitable home investments and upgrades, and carry out the necessary work with precision and efficiency. From installing new shingles or tiles to repairing damaged areas, roofers play a crucial role in maintaining and enhancing the integrity of your roof.
The cost of roof upgrade services can vary depending on several factors, such as the size of your roof, the type of materials used, and the extent of the upgrades required. On average, homeowners spend between $5,000 and $10,000 for a roof replacement. However, it’s important to note that investing in roof upgrades is a long-term investment that can significantly increase the value of your home and provide added protection against the elements.
Smart Home Technology
Smart home technology refers to the integration of advanced devices and systems that can be controlled and automated through a network connection. These technologies aim to enhance the functionality, efficiency, and convenience of various aspects of your home investments. From lighting and security to temperature control and entertainment, smart home technology offers a wide range of benefits.
Smart home technology benefits different areas of the house, including lighting, security, heating, cooling, entertainment, and appliances. With smart lighting systems, you can automate lighting schedules, control brightness, and even adjust colors to create the desired ambiance. Smart security systems provide enhanced surveillance, remote monitoring, and access control to ensure the safety of your home. Smart thermostats enable precise temperature control and energy savings by learning your preferences and adjusting accordingly. Entertainment systems can be connected and controlled seamlessly, allowing you to stream music or videos throughout your home.
For smart appliances, you have the option to repair or upgrade existing devices or systems. For example, if you already have a smart home hub, you can expand its capabilities by adding compatible devices or upgrading to newer models. On the other hand, if a specific smart device, such as a smart refrigerator or washing machine, requires repair, you can seek professional services, like Whirlpool repair, to ensure the proper functioning and maximize the benefits of the technology.
Outdoor Lighting
Outdoor lighting involves the installation and arrangement of lighting fixtures in the exterior areas of your home. It encompasses various types of lighting, including pathway lights, accent lights, floodlights, and more. Outdoor lighting serves multiple purposes, ranging from enhancing the beauty of your property to providing safety and security.
One of the key reasons not to overlook outdoor lighting is its significant impact on overall home investments. Well-designed outdoor lighting can enhance the curb appeal of your home, highlighting architectural features, and creating a welcoming atmosphere. It extends the functionality of your outdoor spaces, allowing you to enjoy your patio, deck, or garden even after sunset.
Moreover, outdoor lighting plays a crucial role in enhancing security. A well-lit exterior deters potential intruders and provides a sense of safety for you and your family. Adequate lighting around entryways, pathways, and driveways helps prevent accidents and provides visibility for guests or family members arriving at night.
When considering outdoor lighting, you have the choice between a DIY approach and hiring a professional electrician service. While some basic lighting installations can be done by homeowners, hiring an electrician brings expertise, ensuring proper wiring, safety, and compliance with electrical codes. Electricians have the experience and tools to design and install outdoor lighting systems tailored to your specific needs, maximizing their effectiveness and longevity.
Security System Installations
Security system installations involve the implementation of advanced technological solutions designed to protect your home from potential threats and intrusions. These systems provide a comprehensive approach to home security, offering numerous benefits in terms of safety, peace of mind, and home investments. Don’t, therefore, skimp on security systems.
Installing a security system is an effective way to enhance the overall security of your home. With features such as surveillance cameras, motion sensors, door/window sensors, and alarm systems, security systems act as a deterrent to potential intruders and provide early detection of any suspicious activities. They offer real-time monitoring and notifications, allowing you to respond promptly to any security concerns.
For savings, it’s important to identify the areas or functions of your house that require additional protection when considering security system installations. This may include securing entry points such as doors and windows, monitoring outdoor spaces, or integrating security measures for valuable assets. It’s also worth considering integrating your security system with other elements of your home investments, such as fence repair, to create a comprehensive security solution.
The cost of security system installations can vary depending on several factors, including the size of your property, the complexity of the system, and the specific features and functionalities you choose. It costs between $500 and $1,500 for a basic security system installation. Consider assessing the specific security needs of your home and consult with professionals to determine the most suitable security system for your requirements and budget.
Landscaping and Curb Appeal
Landscaping and curb appeal encompass a range of tasks aimed at transforming your outdoor space into a visually appealing and functional area. These tasks involve elements such as gardening, lawn care, hardscaping, and the overall design and arrangement of outdoor features. Investing time and effort in landscaping have a significant impact on the overall beauty and value of your home.
Determining whether to tackle landscaping tasks as a DIY project or hire professionals depends on several factors. While basic lawn care and gardening can be handled by homeowners, more complex projects or those requiring specialized equipment and expertise, like tree removal, may be best left to professionals. Hiring skilled landscapers ensures high-quality workmanship, knowledge of local plant varieties, and the ability to create cohesive designs that complement your home’s architecture.
To further enhance your landscaping and curb appeal, professional services such as residential painters can be enlisted. These painters have the expertise to revitalize the exterior of your home by providing fresh coats of paint to fences, decks, or other outdoor structures. By choosing appropriate paint colors and finishes, they can bring out the best in your landscaping, accentuating its beauty and creating a harmonious overall look.
The cost of home landscaping services can vary widely based on factors such as the size of the yard, the complexity of the project, and the specific services required. On average, homeowners can expect to spend between $2,500 and $10,000 for a complete landscaping project, including design, installation, and materials. For basic landscaping services, such as lawn care and maintenance, costs can range from $50 to $100 per hour or a flat fee of $500 to $1,000 per year. More extensive projects involving hardscaping, irrigation systems, or specialized plantings can exceed $20,000 or more.
Plumbing Repair and Upgrades
A home’s plumbing system consists of a network of pipes, fixtures, and appliances that work together to provide enough water supply and drainage functions. This intricate system enables the distribution of clean water for various household needs, such as bathing, cooking, and washing, while also removing wastewater efficiently. The dangers of plumbing system failure can have significant consequences for homeowners.
Leaking or burst pipes can lead to water damage, causing structural issues and mold growth. Clogged drains or sewage backups can create unsanitary conditions and health hazards. Therefore, addressing plumbing repairs and upgrades is necessary for maintaining a safe and functional home. A well-maintained plumbing system helps prevent water damage, improves efficiency, and enhances overall convenience.
Need plumbing repairs? There’re several areas where you’ll need professional assistance. These include fixing leaks, repairing or replacing faulty fixtures, and addressing issues with water heaters or sump pumps. Hiring a reputable plumbing company ensures that experienced professionals handle these tasks. They have the skills and tools to diagnose problems accurately, provide effective solutions, and ensure the repairs comply with plumbing codes and standards.
Plumbing upgrades also improve the efficiency and convenience of your home’s plumbing system. Upgrades may include installing low-flow fixtures to conserve water, upgrading to energy-efficient water heaters, or implementing smart plumbing technologies for improved control and monitoring. Professional plumbing services can guide you through these upgrades, recommending suitable products and ensuring proper installation.
In conclusion, investing in your home is a wise decision that’ll improve its value, functionality, and overall appeal. The above home investments offer long-term benefits, including energy savings, increased home value, improved aesthetics, and enhanced convenience. Whether tackling projects as DIY endeavors or hiring professionals, consider these well-thought home investments to ensure your home remains efficient, attractive, and functional.
