8 Home Repairs That Make Financial Sense

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If you own a home and have some money to spare, you may see a remodeling project as a good investment. Indeed, fixing your home improves your quality of life and provides a return on investment once you decide to sell the house.

 

To recoup close to the amount of money you spend on home repairs, though, choose wisely. Today, we’re discussing home repairs that make financial sense, both for those selling a home or only seeking to improve it.

Exterior Repairs

The exterior of a home makes it seem much more attractive while also improving its energy efficiency and safety. Let’s take a look at the three most productive repairs.

Replace Old Windows

If your windows are old and poorly insulated, they’ll let the cold or the heat into your house. In turn, you have to spend more money on heating or cooling the interior.

 

Moreover, if water enters your home, you run the risk of mold. Get new windows or at least repair those you have if they’re run-down.

Repair the Roof

The roof is the primary protection of a home. The damage on it may be covert or overt, and that’s the tricky part. Some roofs get so damaged that you can spot it from your driveway, while other cases are more discreet. 

 

Richmond Hill roofing contractors suggest that you get a professional estimate if you suspect there’s something wrong, but can’t quite put your finger on it. It’s better than waiting for the proof of the damage.

 

Corruption on your roof leads to water collecting on it, mold and moss growing, and ultimately entering your home. The sooner you notice the damage, the better. Replacing a few shingles costs much less than entire roof replacement. 

Upgrade Doors

Installing a new front door does wonders. It makes the property look more sophisticated and beautiful, and with new technologies, those doors will add to security as well.

 

Your garage door is another useful area of possible repair. These doors take up the most of your home’s frontal appearance, so go for a model that matches the style of your property.

Interior Repairs 

Once your home is safe from the elements, you get to spend some money on upgrading it from the inside. These three fields below offer the best mix of style and functionality.

Remodel Your Bath

When it comes to this room, think minimalist and functional. Add appliances that make your life easier and choose a walk-in shower over a tub.

 

Note for sellers: if you have only one bathroom, you might want to add another instead of remodeling this one.

 

Once you take care of the essentials, add devices, and new tilings put in something you’ll enjoy – extra shower heads, ceiling-to-floor mirror, heated floors, whatever you want. 

Update the Kitchen

You’ll spend most of your time in the kitchen, and this is the room where modern appliances make the most difference. Add what you lack – ask yourself what would make your life easier and find a device that corresponds to it. 

 

In terms of design, think traditional – cupboards of full wood, stone countertops, and wood floors. Make sure there’s enough room for everything and don’t be stingy when it comes to a good fridge.

Refinish Hardwood Floors

Hardwood changes the appearance of the home a great deal, making it much more elegant. If you don’t already have wooden floors, adding them might be too pricey. However, if your hardwood floors are worn out, refinishing them will change the appearance of your house.

Extras

Curb appeal, or the attractiveness of your home, can increase your enjoyment in your house. Here are two more areas that improve your house. 

Add Space

Adding a room or two to the home can make a massive difference in your living situation. If you have space to spare, use it in any way you wish, from an at-home gym to a sunroom.

 

Extra bathrooms come with the most significant return, but it all depends on your needs. Perhaps a room dedicated to your hobby will mean the most for you.

Introduce Bells and Whistles

Sometimes, it makes financial sense to spend money on something you’ve always wanted. It could be an elaborate sound system or a wall of windows.

 

However, if you plan on moving, don’t introduce these dream items. Unfortunately, you won’t be able to take them with you. Furthermore, go for those that make sense – a three-car garage means nothing if you have one car. 

The Bottom Line

Of course, it’s your home, and you get to renovate whatever you want. However, if you have no definite wishlist or areas seeking immediate attention, the fields above are your best bet. They make a lot of difference without being too complicated, and they pay off.

 

Jacob Maslow is our Editor, and has extensive experience with writing about global financial matters. He also runs a successful SEO consulting business, Mekomi Marketing