Buying a home is a significant financial investment. Over time you will be responsible for paying for the mortgage, interest on your loan, and homeowner’s insurance. You will also need to finance home renovations and repairs.
It is essential to maintain the value of your home to ensure that you can recoup your investment if you sell. Your home’s value may also affect your ability to borrow money from the bank. Fortunately, you can increase your property value by taking these nine simple steps.
1. Update Your Kitchen
Replace old cupboards with new, custom kitchen cabinets. Polaris offers a range of visually appealing cabinet designs to suit your home’s style. The interior surfaces of the cabinets are melamine, which is non-porous and easy to clean. Polaris cabinets also feature under-mount glides and soft-close hinges. These features will protect your drawers and doors from slamming shut.
2. Invest in Your Bathroom
You will lose money on high water bills if you have a leaking toilet. You may also have to pay to replace flooring damaged by these leaks. You can update your bathroom by adding new faucets. You may also want to replace the tub surround with tiles.
3. Repair Your Roof
Your roof protects your entire house. Roofs that are damaged or old can allow precipitation to leak into your home. You may need to replace support beams, ceilings, and flooring if there is extensive damage from a water leak. You can prevent these expenses by ensuring you have a new roof installed.
4. Look After Landscaping
Your landscaping can boost your home’s curb appeal and add value to your property. Make sure that the walkways are clear and clean. Identify any areas where you need to add plants. You may wish to use bushes to increase privacy or block sound from a noisy street.
5. Paint
You can increase your property value by painting your home. Old, dull colors will give your home a dated look. Repainting walls can make rooms appear bigger or smaller and add visual appeal. You can also improve your home’s curb appeal by repainting the exterior of your home. Make sure you repaint trim around windows as well.
6. Install New Windows
New windows are one of the best household investments you can make. Double glazed windows prevent unwanted airflow. These windows enable you to keep cool air inside during the summer and keep cold air out during the winter. Installing these windows will allow you to save money on your air conditioning and heating bills.
7. Add Window Coverings
Drapes and blinds can add visual appeal to your home. They can also be used to reduce energy costs. Insulated curtains will help keep cold air out during the winter months. You can also invest in thermal drapes to reduce noise. Installing thermal drapes is an ideal way to block out noise if you live on a busy street.
8. Replace Old Appliances
You can reduce your energy costs by replacing outdated appliances with energy-efficient appliances. Invest in appliances with high Energy Star ratings to maximize your savings. Installing a new fridge, stove, washer, and dryer will also increase your home’s value.
9. Install New Doors
New doors can also prevent unwanted airflow and help reduce your energy costs. You can also improve your home’s curb appeal by installing a solid door that compliments the exterior color of your home.
Remember: Update Your Insurance
Whatever you do, remember to update your insurance. Your home and contents insurance compensates you if your home or personal property is damaged or stolen. When you upgrade your home, you should review your policy to ensure that your policy’s value reflects the improvements. You can find the best home and contents insurance policy for your needs when you compare home and contents insurance with iSelect.
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