If you listened to everyone who said “do this because it will increase your home’s resale value,” you’d never stop spending money on your home. And you wouldn’t come close to recouping your total investment.
That’s why doing something to increase your home’s resale value, while generally a good idea, should rarely if ever be your sole reason for making certain improvements.
Let’s say, for example, you live in a neighborhood where no one’s heard of tankless water heaters. But you have, and you want one. Is it worth the added expense and/or will it yield a higher resale price for your home? Impossible to say with just that much information to work with. Therefore, go ahead and purchase that tankless water heater if you think it’s the best hot water solution for your family, and its impact on eventual resale value determine itself.
On the other hand, let’s say you are actively planning to sell your house and you have a set budget for making improvements before putting it on the market. According to HGTV, these are the projects that typically deliver the greatest return on investment:
- Minor bathroom remodel
- Landscape improvement
- Minor kitchen remodel
- Exterior improvements
- Attic bedroom conversion
You know what else adds value to your home? A home security alarm system! It increases the desirability of your home and property and often is a deciding factor when a buyer is faced with a choice of which home to place an offer on.
What’s more, home security systems are considered a valuable addition to your home by insurance companies. In fact, many of them offer up to a 20% discount on your monthly premiums.
Whether you’re selling or staying put, contact Now Security Systems today to learn more about how a carefully installed and monitored security system can add value to your home, and peace of mind for its occupants.