When you own your own property, you’re always looking to make small improvements that make a big difference. You want to make sure you’re adding to your investment. You know there are some changes and remodels that make a better fiscal investment, should you someday want to sell. What are some property investments that can pay off in the long run?
Insulation and weather sealing, especially of your attic, are great options. They not only can save you a great deal of money, but they’re not terribly expensive. For a 1200 square foot house, making sure your house’s attic is properly insulated can cost as little as a thousand dollars. However, as it will be saving you at least $50-$75 per month in heating or cooling loss, the initial cost is recouped quickly. After that, all savings are yours to enjoy. It can show later potential buyers that you were serious about taking care of your home, and that you were intent on protecting it as well!
Solar is more than a trend- it’s one of the best ways to add energy savings to your home while also adding remodeling improvements. Solar panels may even be exempt from your home’s assessed value for property taxes. Because they last extended amounts of time with only small maintenance fees, and because they save a good deal of money for electric heating and cooling, and heating water, future homeowners can know that savings will be passed along to them as well.
If you have an older home, and you have windows which have not yet been replaced or repaired, it can be important to do that for the health of your home. Unless your home is over a hundred years old, in which case replacements might not be a benefit to future investment, consider swapping old windows out for double paned, vinyl, sealed varieties. Besides being easier to clean (and not needing paint), they hold out the weather you don’t want inside, while protecting your energy investment.
Your beautiful home needs to be energy efficient, and your remodels are perfect for making that happen. But, it’s also important to think about the future. Make those changes which will serve you well, now, and serve your financial well being in the future. Then you can be comfy physically and fiscally!
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