Maintaining your home and making improvements are crucial ways to maintain your investment and the enjoyment you get out of your home. Certain improvements can increase the value of your home, save you money on your homeowner's insurance, or qualify you for tax breaks.
Keep Up On Repairs
No one likes major projects, like residing or roofing your home, but it is important to stay on top of these repairs. Keep track of your warranties, and the expected life of important home features such as your roof, as keeping these items in good repair, can save you thousands of dollars down the road.
Look For Tax Rebates
Some outdoor home improvements, such as solar panels, have government incentive programs. Before you start a major project, especially if it is a project that will conserve or produce energy in your home, look for these incentive programs to see if you qualify for any tax rebates.
Consider Cost Versus Added Value
Many outdoor home improvements will add resale value to your home, such as landscaping, or installing a tile roof rather than a shingle roof. Do your research to compare how much the improvement will cost, against how much value it will add to your home. For example, installing a swimming pool will add value to your home, but you will most likely pay more to install it, than you will gain in resale value. The personal enjoyment of owning your own pool may be well worth the money lost, but it is important to understand all the factors before you start construction.
Improve Your Home Security
Getting a home security system does more than just improve your peace of mind. It can also significantly lower your homeowners insurance. Home automation systems can help you control lights, door locks, and alarms automatically through your computer or smart phone to make it look like someone is home at any time. Some services also offer alarms, cameras, glass break sensors, smart thermostats, and motion detectors. These features protect your home when you're away, and convince your insurance company that you are less of a financial risk to them.
Consider How Long You Intend To Stay
Some improvements, such as adding solar panels, can save you money in the long run, but only if you intend to stay in your home for a long period. Many solar panels will pay for themselves in electric bill savings within ten years, but if you plan to move in two, it may not be worth the investment. If you'll be looking for a new home soon, you may want to hold off on installing that deck in the backyard, so you will have the funds to install one in your new home.
Outdoor improvements are a great way to maintain your investment in your home, and get some new enjoyment out of an old space. Just be sure to do your research to get the best value for your time and money.
“Brooke Chaplan is a writer and freelancer living New Mexico. She enjoys blogging about home, family, and fitness articles. Learn more about improving a home through automation at Kansas City home automation. Contact Brooke via Twitter @BrookeChaplan.”