Even though chances may be slim that you will want to resell if it happens, you want the home to be worth something. You could also be interested in refinancing your mortgage, and when the condition of the home is intact, the appraisal and the money you receive will be favorable. Here are five things that you can invest in if you want to future proof your home.
5 Worthy investment to future proof your home
As a homeowner, your greatest goal is to make sure that the home stays in great condition for many years to come
1. Repair or replace your roof
One of the factors that determine the future value of a home is the roof. While great maintenance practices will keep your roof looking new for the longest time possible, a time reaches when maintenance is not enough to keep the home in order and you have to replace the structure. Some indicators that it is time for roof replacement include:
· When the shingles are getting broken or blown off by the wind
· When the roof is leaking
· When the roof is physically sagging.
· If the roof support structures such as the truss have started falling apart.
Only a competent roofing contractor can assess the state of your roof and determine whether it is time for a replacement. The great thing about replacing the roof is that not only does it improve your home’s resale value, it can also lead to you getting more favorable premium rates from home insurance companies. There is also the fact that the roof improves the curb appeal of the home and makes it stand out, which will draw in potential buyers in case you need to sell.
2. Solar panel installation
Everyone is always wondering how they can turn their home green. Well, one of the best investments that you can make to save money and reduce the carbon footprint made by your home, is installing solar panels. Other than the initial cost of installation, solar energy is completely free. When you install panels:
· You can perform functions such as heating water using the Sunelec solar panels cutting down your dependence on electricity and gas.
· You can use solar energy wherever there is a power outage, increasing the convenience of heating and lighting in the home.
· If you are ready to make a substantial investment in solar, you can actually get to the point where you can comfortably go off the grid completely.
Homes which have solar panels are always valued higher than those that do not. Therefore, if a time comes when you need to resell, this investment will prove its worth.
If you want your home to be the envy of the entire neighborhood, you have to start thinking about landscaping. There is a lot that landscaping covers including:
· Planting flower gardens
· Having a well-maintained lawn
· Trimming your hedges
· Making sure that the exterior drainage system is working well to protect the house and the vegetation from water damage.
· Repainting, planning and redesigning outdoor spaces such as gazebos, patios, and others
If you want the best results when it comes to landscaping, you have to consult professionals in your area. They will help you figure everything out, from where you can get the best grass for your Geographical location, the best exterior finishes to make for your compound, the best way to channel water away from the house and to stop erosion from ruining the planted grass and flowers.
4. Do some remodeling
There are certain aspects of the home that deteriorate with time. As the years pass, new designs come into the market, and while homes that have older designs may look charming, it is important to at least make sure the amenities are modern. For instance, if you want your home to be worth something in ten years’ time, you cannot keep using the same old water heaters, furnaces, and other appliances. The kitchen will also need a facelift, and all aspects of interior décor will need an upgrade. Take time and assess the aspects of your home’s interior that seem dated and need an upgrade, plan how you will do a renovation. The best thing about renovations is that they can either be small or large scale depending on your budget. For instance, if you do not have the budget to renovate the entire home, renovate one area per year till you have everything updated. A renovated home makes prospective buyers feel more inclined to buy the home because they will not have a lot of changes to make to the home when they acquire it. Renovations also increase the home appraisal value.
5. Invest in a security system
· A perimeter wall or an electric fence
· CCTV cameras
· Biometric access systems at the gate
· Motion sensor lights for the yard
· An alarm system
When all these measures are in place, it will be close to impossible for unwanted people to access your home, which will mean that you get a better home insurance rate from your insurer. In addition to these measures, you can add safety features such as firefighting equipment, a smoke alarm and other appropriate safety measures which safeguard your home against possible accidents and damages. When appraisers or potential buyers find all these measures in place, they will not only be impressed by the beauty of the home, but also by the safety and security of living in it.
It is, therefore, important to think about your current home value and the things you can do to make sure that both the perception and value of the home improve greatly over time. Consult experts for installations such as solar, roof replacements and general landscaping and remodeling. Note that all these things do not have to be done at a go. Start with basics such as installing solar panels, and proceed to the less important ones.