Home Improvement: What’s Worth Splurging On and What’s Not
If you’re a homeowner, it’s important to understand where to best put your money to improve your living space. Not all home renovations are created equal, and sometimes, what seems like a good idea at the time can end up being a huge waste of money. In this article, we’ll explore what home improvements are worth splurging on, and what’s not.
Budget-Friendly Home Improvements
Everyone wants a pool, but they are extremely expensive to put in. In addition, the cost doesn’t add half the value to the overall value of the property. Depending on where you live, pools can be up to several hundred dollars a month in electricity for the pump, chlorine, and other general maintenance stuff. Oh, and that doesn’t even include the fact that the pump and filter need to be replaced about every six years or so. Consider purchasing a more affordable above-ground pool or community pool membership instead.
If you have pets and/or small kids, it’s not worth investing in nice new furniture, as they tend to destroy everything. Once the kids are a little older, it might be worth getting a nice new couch, but until then, an old and busted couch is perfectly sufficient for toddler parkour.
Saving Money on Repairs and Maintenance
You don’t need to call a handyman or pro for every little thing. YouTube and a couple trips to the hardware store will save you a ridiculous amount of money. Not only that, but you’ll learn some new skills, too. Save your pro call for larger, more complicated projects.
Trendy Home Renovations
Remodeling things that are in perfectly good shape just to chase the latest trend is a waste of money. Don’t spend a lot of money on a bathroom that was just redone or other renovations that are more cosmetic than functional. Wait until something needs an update before taking a sledgehammer to it.
Home Improvements Worth Splurging On
If you have kids, pets, or live with people with mobility aids, hardwood flooring is kind of a waste. Spills, stains, and normal wear and tear will make it a mess and you’ll be investing a lot to maintain the look. Consider alternatives such as vinyl or laminate flooring.
Hiring a Professional
While saving money on repairs and maintenance is a good thing, there are situations where it’s better to call in a professional. Painting, landscaping, or power-washing are examples of things that might be best left to the pros. This will ensure a job well done, which could save you money in the long run, since a mistake could lead to additional expenses.
Countertops are one of the most used parts of the house, and it’s worth investing in high-quality material. This applies to kitchens and bathrooms, and durable materials such as quartz and granite are worth the splurge. Material that can withstand heat and wear will save you money in the long run, as you won’t have to keep replacing them.
Efficient Heating and Cooling Systems
Investing in a heating and cooling system that is energy efficient can save you huge amounts of money over time. Opt for systems with high SEER ratings for air conditioning units, and high AFUE ratings for furnaces. With these in place, your monthly energy bill will be lower, and these units will pay for themselves over time.
Adding extensive landscaping to your yard can be a great addition, especially if you enjoy spending time outside. Landscaping can improve the value of your property, as well as make your house look nicer. Consider adding things like retaining walls, walkways, and unique landscaping features, such as a water garden or fire pit. These investments will add value, and are more likely to be used and enjoyed on a frequent basis.
Every homeowner wants their living space to be comfortable and enjoyable, but not all home renovations are created equal. By investing in durable, energy-efficient systems and materials, and spending money on functional upgrades over simple cosmetic improvements, you’ll ensure that your money is well-spent. Know when to hire a professional, and when to tackle a DIY project on your own, and you’ll be sure to enjoy your space for years to come.
Originally Post From https://www.buzzfeed.com/dannicaramirez/homeowners-worst-splurges