5 Little Home Improvements That Pay Off Quickly
- Apr. 27, 2017
- Nicole Johnson
- Home Life
Are you wondering where you can get the best return for your home improvement dollars? Whether you are getting ready to sell or just want to make your home more comfortable, here are five fixes that can provide you with immediate results.
Improvements You'll Want to Make Sooner Rather Than Later
1. Add attic insulation. Improving your attic’s insulation to an R-30 value can literally pay for itself in terms of reduced heating and cooling expenses for years to come. According to the Remodeling 2017 Cost vs. Value Report, adding insulation typically costs around $1,350, but returns an estimated 108 percent when selling your home.
2. Install smart thermostats and lighting. Aside from improving your home’s comfort level, and how you function in it, both smart thermostats and smart lighting reduce your energy expense. Smart lights in particular offer added convenience. They may be controlled from anywhere whether you are at home or not, freeing you from the wall light switch.
3. Invest in a security system. Peace of mind is the main benefit that arises from installing these systems, along with a sense of control over your home in your absence. While the installation price is fairly minimal and likely to be recouped at sale, there is a monthly cost to ongoing monitoring. This is partially offset each year by reduced home insurance premiums.
4. Convert the fireplace to gas. Aside from a cleaner burning way to improve a room’s ambiance, and a safer one, a conversion can also substantially raise the heating efficiency of the fireplace.
5. Caulk windows. Drafty windows and doors do more than let in air, they also provide points of entry for water and pests. Regular caulking can prevent the possibility of damage from either
If you are able to spend a bit more money, replacing windows and installing solar panels can also drastically reduce energy expenses, though it may take several years to recoup the upfront investment in reduced energy costs. However, both improvements are desirable from a potential buyer’s point of view, further enhancing the eventual market value of your home.