Think about your present home. Depending on how long you have lived in it, the house may now be tailored to fit into your specific needs and desired relaxation level. But could you be doing more? Don't just focus on making the home as comfortable as possible. Homeowners should also seek to make the significant improvements that will help them save money on their utilities while increasing the value of their homes.
Increasing a home's value by making improvements can offer a wide range of benefits. If you are looking to take out a personal loan, you can tap the equity from the house to make purchases, start a business and even making home renovations. Also, you can have more money lining your pocket when selling your home at a higher price. You may want to start in the kitchen, but that's only just one area to improve.
Green homes are trending on the real estate market as buyers are eager to purchase such properties. These homes offer a range of energy-efficiency benefits to lower utility bills and the dependence on using natural, nonrenewable resources. These houses use less energy while using the resources more efficiently at a higher level of performance—it's just healthier for the environment.
Here are a range of green products and renovations that can increase a home's value. Select the one that best fits into your home and budget.
Low Flow Faucets, Shower Heads and Toilets
It's no secret that the bathroom is important to many potential home buyers. Water consumption is one of the biggest areas of green conservation that you can tackle inside your home. Lowering the amount of water that is used without hampering your daily chores or activities can offer big savings to your wallet and the environment. Replacing faucets, toilets and shower heads with low-flow appliances can lessen the amount of water you use to 0.05 to 2.5 gallons per minute without losing water pressure.
Energy-Efficient Windows and Doors
Home buyers love to see a Palos Verdes Estates home that has new windows and doors. You will love the fact that you can save 7 percent to 15 percent on your home's energy bill. Energy-efficient windows and doors can save money by improving the building envelope of the house to prevent unwanted air flow and outdoor temperature penetration. Combine this with insulating the home, and you could increase the value of the property by 1 percent to 3 percent.
Energy Star Appliances
Most newer homes already have efficient Energy Star stainless steel appliances in their home. However, older homes could still have one or two items from yesteryears that can be energy hogs. Switching to more efficient models can potentially use less than 15 percent to 50 percent of energy. Since kitchens are usually the first room that undergoes remodeling as you improve the flooring, cabinets and counters, upgrading to better appliances can also be on the renovation list.
Solar energy has come into the spotlight again, as people are looking at harvesting this free energy source to power everything in their homes. Photovoltaic systems can help significantly lower your energy bill, which can increase the value of your house. The initial setup price can be a big hit to your savings, though. In some cases, you may be eligible for local, state and federal tax credits and rebates when switching over to solar energy use.
If you just can't make that investment leap, you can make smaller improvements. Use smart thermostats to have better control of heating and cooling systems, use LED lighting, and place in programmable timers that can switch off the lights when nobody is in the room.
For every dollar that you save in energy, it can lead to a big increase to the value of your home. The best way to decide on which improvements to make requires you to do your due diligence. Check out how much energy and resources that you are using now. Then figure out what renovations would work best for your home, how much the cost would be to set up these products, and how much of a savings and home value increase can be made. Then you can select the green improvements that will be good for both your home and wallet.