Purchasing a home is a serious investment, so homeowners should be sure to do as much as possible to maintain or even increase the value of their home. It is all about making sensible improvements and getting into the habit of smart maintenance. Over time many events can detract from the value of the structure. Home improvements generally fall into two categories: maintenance (repairs) or upgrades.
Here are 4 simple tips and points to consider in making sure you don’t overlook the key areas of your new home that may have a serious implication on its overall value.
This is essential if you want to maintain your home’s value. Two important points of maintenance are your air-conditioning system and your furnace (heating) system.
Your furnace is sometimes connected to your HVAC unit, but most of us rarely inspect or maintain that part of the home. As much as possible, you should be swapping out air filters at least twice per year, and probably more like four times per year in order to improve your energy efficiency. Warning: not doing so will lead to energy inefficiency and other problems. Oiling the motor on older units is also a must-do. Never store hazardous chemicals near the furnace. Old units with five plus years are strongly recommended to have a professional come over to inspect it.
Fix Heat Leakers
Small cracks in doorways and windows are the #1 culprit, and they’ll slowly but surely sap your energy bills. They also have a knock-on effect that could sap your furnace and AC systems too which forces them to work harder. Reducing the amount of air leaks in and out of your home is a cost-effective way to cut heating and cooling costs, improve durability, increase comfort, and create a healthier indoor environment. Caulking and weather stripping are two simple and effective air-sealing techniques that offer quick returns on investment, often one year or less.
Air leakage occurs when outside air enters and conditioned air leaves your house uncontrollably through cracks and openings. It is unwise to rely on air leakage for ventilation. This can also contribute to moisture problems that can affect the occupants’ health and the structure’s durability. An added benefit is that sealing cracks and openings reduce drafts and cold spots, improving comfort.
This won’t directly raise your property value, but it will maintain and extend the value, avoiding any unpleasant surprises down the line.
Landscaping and Gardening
Classically known as ‘curb appeal.’ It is generally the first thing buyers notice as they approach your home so it’s extremely important to ensure your garden is in good condition. Tidying the yard may have a substantial impact on the view from the street. Having your grass mowed, shrubs trimmed, flower beds neat and orderly, fence repair, and shutters painted are the most common things people see. Looking at the driveway, shutters and yard as a whole. Simple projects make everything look fresh and new. You can do a power washing to make your home’s exterior look clean and maintained.
Do major repairs the right way
Never sacrifice on the quality – when you to take care of major high ticket repairs or improvements. A new furnace, windows, insulation, solar energy or even a home extension are all major selling factors when you come to sell your home, and they will be significantly noted and appreciated by your estate agent.
Start slowly, It’s not a marathon, not a sprint. If your home is new, get to know it. If you have already been there a while, get started. List the things you want to change and the updates you would like to make. Don’t worry about organization, just write it down. Take a guess on how long you may want to live in the house. Once you have made a plan, do research or talk to a realtor to see what sort of return those improvements may bring. Some improvements will add considerable more value to your home than others.
So if you’re making major repairs or improvements, do it the right way!
Source: RealtyTimes.com, HGTV.com, pestworld.org, discover.com, energy.gov
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