4 Ways To Help Maintain The Value Of Your Home
Posted on: 29 May 2019 by Shakib Ahmed
You may have lived in your home for a long while now, and you may not even have any intentions of selling your home in the near future.
You may have lived in your home for a long while now, and you may not even have any intentions of selling your home in the near future. Whether or not you plan on selling your home in the near future, you should always try to maintain the value of your property. If you do not and choose to let everything slide, then firstly you stand the risk of losing value on your home when it does come to selling it.
Imagine the costs involved with having to fix or update the carpets, walls, window maintenance, paint, electrics, roof, brickwork, and plumbing all at once when it does come to selling your home. Most of the time people will not have enough of a budget to be able to do this all in one go. The best way to maintain your home is to put a monthly budget aside. Then start to hire people to work on the areas that are going to give you the best ROI.
Try to remember that as long as you are spending money on your property to improve it, the money spent on improvements will be worth as much as double that amount when it comes to selling your home.
Here are 5 of the best ways to add value to your home:
- Hire a Tree Surgeon
Yes, an arborist can help add value to homes that have trees and hedgerows. The reason this is being mentioned as number one is that trees and hedges are often the most overlooked area of a home when it comes to maintenance. Yet, maintaining trees and hedges can add double the value you spend on a tree surgeon.
- Have Your Plumbing and Electrics Checked
If you have not paid any attention to your plumbing or electrics, then maybe it is time you should. There is so much that can go wrong with both, and most of the time you will have no idea. One component malfunctioning can put pressure on other parts of the system and wear them down. This results in wear and tear on your entire electrical or plumbing system. The obvious result is that your expenses go up when you do eventually get around to it.
- Windows Maintenance
Windows can add huge amounts to the value of your home. Even if you have wood windows, having someone come and fill in the holes and repaint the window pains with weatherproof window paint can make a huge difference. You could spend £1,000 on repairs and maintenance, and the value added to your home could be as much as £4,000 in many cases. That’s a huge ROI. However, if you leave it too late, you could end up having to completely replace all the windows or lose up to £10,000 off the value of your home. If you do need window replacement London, then take a look at this firm.
- Get The Interior and Exterior Painted
There you have it. You are probably wondering why painting is number 4. If you are not planning on selling any time soon, and you are ok with not having a new lick of paint, then having the interior and exterior of your home painted is not a priority. You can earn a huge ROI by painting your home with neutral colors just before you sell, so only invest in this if you have surplus cash or if you are about to sell up.
In this article, we have mentioned just 4 ways to add value and/or maintain your home’s value. This is just to give you a taste of how much you can get back as an ROI. There are also plenty of other areas you will need to look at too like brickwork, the roof, and the landscape of your garden. Make sure you do your research and find informative articles that will educate you on the best ways to invest money in your home so when it comes to selling, you will get the best price.