Whether you’re thinking of adding something to the farmhouse or looking to remodel the home, there are plenty of investments that can boost their value. This is especially important if you’re thinking of selling your home in the future. And while you might be tempted to spend ludicrous amounts of money, you can achieve the same goal by spending much less.
In this article, we will talk about a bit of both. So if that’s something that interests you, make sure to continue reading.
If you happened to live in a suburban neighborhood that permits owning a swimming pool, then this is probably the best investment you can make. Adding a swimming pool provides value to your home. But it also provides everyone at home with a valuable commodity.
You don’t even have to spend that much money on it. While you can rock the boat with an in-ground swimming pool, you can also build an above grounds pool. If you’re thinking of the former, there are plenty of types to choose from. From concrete swimming pools that are durable and long-lasting to fiberglass and vinyl pools, they will add plenty of value to your home.
Adding A Second Story
This is one of the most expensive investments to make, but one that will add even more value to your home. Not every residential area allows homeowners to add a second story. But if it can be done and if you have the money for it, then it’s a no-brainer decision.
There are also plenty of reasons why you need to add a second story to your house. The most common reason is if your family has expanded or you look to add more space to accommodate the needs of your kids. But regardless, a second story with a couple of bedrooms, a bathroom, and perhaps a home office for remote work will add tremendous resale value to your home. When on the subject of adding things, make sure to do certain home repairs as that will also provide the same benefits.
Solar energy has proven to be very cost-effective. Not only that but installing solar panels will make it possible to satisfy all of your electricity needs. The advancements in solar technology make it possible to add solar panels to our roofs. You can even build roofs with solar-powered shingles. If you need any additional reasons why this is a good reason, simply consider the following.
Solar panels can be a costly investment, but they will eliminate electricity and heating costs entirely. Depending on where you live, you can also sell the amount of electricity you’re not using to utility providers. This method has proven to work extremely well in Europe. More so, real estate agencies say that homes with solar panels sell like hotcakes. So installing solar panels is not only a smart move but one that also adds plenty of resale value to your home.
We strive to make our homes as energy efficient as we possibly can. Well, at least that should be the aim. If you’re not thinking about making your home energy efficient, then you definitely need to start. Attic insulation can prevent heat from escaping your home. Not only that, but it will also prevent cold air from escaping in the summer months.
It is estimated that attic insulation prevents up to 30% of both hot and cold air from escaping. This is an investment that can be done by yourself, DIY style, or you could hire professionals to come in and get the job done. But regardless, it is a type of home investment that isn’t expensive at all. Not only will you save plenty of money on heating and cooling, but you’ll also provide excellent value to the home.
The basement serves a unique role in our home. In most cases, we use the basement to store appliances such as the washer and dryer. But we can do so much more than that. For example, you can transform the basement into your very own home gym. You could also give it a makeover and turn it into a guest room, a recreational room, a home sauna, and even turn it into a kid’s room.
Simply said, the options are endless when it comes to utilizing the basement. But to do that, you will need to renovate it. Basement renovation can be expensive depending on what you plan on using it. If you plan on turning it into a home sauna, then you’ll need to spend more money on making sure mold doesn’t become a problem in the future. But if you plan on turning it into a home gym, then that can be a relatively inexpensive investment that provides tremendous value to your home.
We should always look at ways to improve the value of our homes. And there isn’t a better way to do that than to invest in our homes. Lastly, we hope that our article with the 5 investments will help you get the most out of your home when the time to resell comes.