Home improvements and investments are two words that you don't always see together, but most home improvements are actually worthwhile investments. Which home improvements are the best investments? Which home improvements cost the least, but bring in the largest returns? That is the question that everyone wants an answer to. Keep reading to find the answers to these questions and more.
New energy efficient appliances!
Most people don't think of appliances as an investment that can yield huge returns, but they are. If your appliances are just a few years old, they may not be operating at today's energy efficient rates. You may not realize this, but your older outdated appliances are slowly bleeding you dry. They are sucking up too much energy, and as a result, your electric bill is much higher than it should be. Take a closer look at all of the appliances in your home.
Start in the kitchen. How old is your refrigerator? How old is your oven, cooktop and dishwasher? Are they five or more years old? They may not be very energy efficient.
How old is your air conditioner? In the summer your air conditioner will be responsible for almost all of your energy costs. Newer air conditioners are more energy efficient, and they run much smoother. Changing your air conditioner would be a huge beneficial investment.
There is another appliance in your home that can benefit from being replaced. It is the hot water heater. If you are currently using an old tank style hot water heater, it is heating water when you don't need it. This is a huge electrical waste. A new tankless hot water heater is a great home improvement investment that can save you a lot of money on your electrical costs.
Are there other good home improvement investments?
There are several places in your home that are great home improvement investments. Two rooms stand out more in any home. They are the bathroom, and the kitchen. Ask any realtor, and they will all tell you the same thing. There are two rooms that help sell a home. They are the bathroom and the kitchen. Remodeling either one of these rooms can add some serious value to your home when it comes time to sell it, but that is not the only benefit. You will also get to enjoy all of the new kitchen appliances, and bathroom fixtures. How would you like to spend some time in a nice Roman bathtub at the end of a long day? A bathroom remodel can do this.
Take a look out the window, and enjoy the view. Did you know that your windows are responsible for as much as 70% of all the heat that is generated in your home? Replacing all of the windows in your home can be a worthwhile investment to your property.
These are the most cost-effective home improvement opportunities that will give you the greatest return. There are plenty of other home improvement investments out there that you can take full advantage of.