Purchasing a home can be exciting: a fresh start and new beginning. Yet, it can also be a tedious task, and it is easy to be overwhelmed with feelings of needing to update your new home right away. While there are items that you don’t necessarily need to purchase, there are a few that we recommend investing the extra money on. Here are a few of those recommendations to get you started!
Engineered Wood Floors
Unlike solid wood flooring, engineered hardwood is very resistant to fluctuations in temperature and humidity. When installed, it is very hard to tell apart from solid wood floors. Engineered wood has a top layer of real wood that allows for a look of wood without the cost and is easy to DIY with a little research! Not to mention that engineered wood that is of good-quality can last 25-30 years, and adds value to the home for resale.
Updated Appliances
If moving into a home with older appliances, it may be best to invest in an upgrade. Newer appliances can save you money month over month (we’re talking major savings!). A new fridge uses less than half the power needed to run a fridge made between the years of 1993-2000 – these savings can pay for themselves when investing in a new appliance! Kitchen remodels also have a large benefit when it comes to eventually selling the home, and can provide a nice return on investment!
HVAC Units
We live in Florida — it gets hot. It goes without saying that the importance of a high quality HVAC in a home is of utmost importance! Electric utilities may be the highest bill you have to pay every month- could a newer system save you money? Absolutely! Technology continues to advance rapidly, and even though units tend to last 20 years, if the unit is even 10 years old you could save 20-40% of your cooling energy costs by replacing it with a newer model.
Pop off that popcorn ceiling & Add Crown Moulding
We believe that the majority of homeowners can agree that they are not fans of popcorn ceilings. This trend was popular between the 1950’s-1980’s – it is a vintage and aged style. However, is the mess worth it? While it is estimated that it can contribute to an increase in value, if the remainder of the home needs larger upgrades the cost may outweigh the benefits. Before starting this project, make sure there is no asbestos. Some home built before 1970 have this.
A simple DIY project would be to add some crown moulding. This can help add dollars into your pocket when it comes to reselling, but it must be done tastefully and and correctly. Check out this tutorial, here!
Window Replacements
When taking into account your monthly utility bills, it may be beneficial to replace windows. While this can run a larger bill, it has potential to save you money in the long run. Overall, the cost of window replacement is worth the money you spend. Not only can you save money on your monthly bills, but the recoup of the cost is roughly 70 to 80 percent of your costs on your home’s market value.
A new home is exciting. You can renovate however you’d like, paint whatever color you want, and create a space all your own. When updating your home, it is important to consider the costs and the market value that can add to your home in the future!
