Your home is meant to be your sanctuary, as well as a financial investment for the future. It does, however, take time and money to get it just the way you want it. The home improvement industry is booming and doesn’t seem to be slowing down. In fact, in 2018, Americans spent nearly 400 billion on improving their homes. That averages out to over 7,500 per project! In other words, we love to beautify and make our homes comfortable. Here are some of the good reasons to invest money in your home.
Yeah, first things first, let’s get comfortable at home! The truth is if certain features elevate your comfort level and you can afford them, I say go for it! For instance, if you decide you want a more relaxing bathing experience, consider one that is more like a spa. Check out the gorgeous tubs you can find online at sites like http://www.jtspas.co.uk. Also, adding things like a heated floor, larger shower, and a built-in vanity could bring a whole new level of comfort and convenience to something you do every day.
You want to make your home relaxing for not only yourself but your guests. This takes some additional thought, as their needs may be different than yours. Many women desire to have a guest suite available for visiting family and friends. This can definitely enhance your visitor’s experience and help keep the peace.
Other investments that focus on comfort, convenience, and aesthetics are flooring, windows, appliances, and room remodeling. When considering any of these, make sure you are aware of all costs involved before you start. Some remodeling projects are tricky and can uncover hidden damage or construction errors. It’s best to consult with a pro on any job that requires demolition.
Increase Resale Value
Another reason for spending money on your home is to increase the resale value. Whether you plan to sell right away or in the future, most upgrades give a nice return on investment. If you aren’t sure what projects or features will bring you the most bang for your buck, consult with a realtor or resale specialist before you jump in. There are some projects that could actually hurt your resale. For example, an over-the-top kitchen or bathroom renovation could end up costing way more than you would ever see come back. Additionally, though not always the case, items like swimming pools, hot tubs, and themed children’s rooms can actually be a turnoff for buyers. It’s a matter of weighing the present benefit to you and your family with the potential value in the future.
As your family grows or gets smaller as kids move out, needs change, often requiring home adjustments. Again, this really depends on whether you can maintain (or increase) the value of the home by making the changes you need. It could be easier just to move to a new home if your needs are extensive.
One good reason to make a large investment in the home is a family member’s mobility needs. Though building ramps and changing bathrooms to accommodate a disabled person won’t do much for resale, it is absolutely necessary for your family’s comfort and safety.
Safety, Quality, and Efficiency
Home improvements aren’t always about looks, style, and money. Sometimes, they are about making things safe and more efficient with higher quality materials. Good examples of this are replacing the roof, siding, HVAC unit, and windows. As you make your home sounder and more efficient, you are increasing security and value at the same time. Furthermore, using less energy to heat and cool your home is a conscious consideration for the environment and will also save you money.
Spending money on your home is a natural thing that most homeowners do at some point or another. Deciding on how much to spend and on what is an individual choice that is best done with much contemplation. Keep in mind, there are plenty of things you can do to be more comfortable and visually satisfied that don’t cost a fortune. But if you do go all out to shine up your palace, make sure it’s worth it. For more information and good reasons to invest money in your home, talk to a designer, realtor, contractor, and anyone you know that has done a lot of work on their home.