Which Home Renovations Have Great ROI

Home Improvement Projects That Add Value

The ability to realize returns on investment on home improvement projects is a major concern for many people. It is for this reason many homeowners do their research on what to remodel, strategies to implement and put into consideration factors that will help improve the home’s value. There are however many home improvement and renovation projects that do, and can help lower bills.

Although several factors do affect ROI, the home’s precise location, and current real estate market do have a significant influence on its effectiveness. While some neighborhoods are recording a rise in economy, there are those that are experiencing a decline in the same, which is the norm in an economy. With proper planning and determination, you should be able to improve your home’s value regardless of the current economic status. This is especially possible for anyone looking for a way to upgrade his/her home quickly and save more money in the long run.

Some of the items that can help improve your home’s value include:

1. Programmable Thermostats

This is a must-have for every home. Some of the top in the line programmable thermostat models cost about $150 while regular ones cost as little as $72. The reason why these devices are valuable in every home is that, they can be programmed to cool or heat your house automatically. The device is also capable of turning off automatically if no one is in the house, and turn on a few minutes before you come in the house. Research also shows that, a programmable thermostat can save for itself for at least 3 months, which can be translated to massive savings in the long run.

2. Whole House Fans

Whole house fans work in an almost similar way as car windows. It is much easier (and faster) to keep your car cool in the summer by rolling the windows down that turning on the AC. Whole house fans, on the other hand, help flush out hot/humid stagnant air from the house thus allowing cooler air to come in. These fans are 25% more efficient than having one or two fans to cool your home. Although many, they help save up to 25% of your energy bills that come from heating and cooling.

3. Energy Efficient Appliances

It is estimated that, more than 50% of every home’s energy consumption goes to heating water, dishwashing, baths, shower and washing clothes. Replacing all the appliances in your home with energy efficient ones can help save more than 50% of the energy used. These devices also contribute to reducing the amount of water used, which contributes to 35% less water. By reducing electricity and water use, your home will start recording lower energy bills. The next time you go shopping for electrical appliances, consider energy-star labeled devices.