Are you considering making improvements to your home? One of the most important things to ask yourself is what your money and hard work will yield. The savvy homeowner will understand the difference between a good return on investment (ROI) and simply adding value. If your improvements cost more than they yield, you are losing money. Home improvements with the best ROI allow you to recoup more than you have put into them.
Whether your aim is to sell your home at a profit or to save money by improving efficiency, here are three best ROI home improvements to consider.
Remodeling Your Kitchen
Remodeling a kitchen is among the home improvements with the highest return on investment. If your goal is to flip your house, new buyers will be willing to pay a higher price for a home with a fresh kitchen. This is because it can feel impossible to live in a home while a kitchen remodel is underway, so most prospective homeowners will gravitate toward kitchens that need no new work.
Even if you are not going to sell your home, improvements to your kitchen can save you money over time. Energy-efficient replacements for your refrigerator, dishwasher, and oven can dramatically reduce your utility bills.
Moreover, installing a garbage disposal can offer a surprisingly high ROI. In addition to the time you’ll save disposing of kitchen waste, you’ll also save money in the long run. Garbage disposals use a motor to grind up waste, minimizing the chance of buildup in your drainage pipes. This can increase the longevity of your plumbing system and decrease the need to pay for emergency plumbing services due to clogs, leaks, and burst pipes.
Remodeling Your Bathroom
If you are planning to put your house on the market, making improvements to your bathroom might not seem as important as the kitchen. However, some changes to the bathroom will immediately increase the desirability of your home. For example, updating the backsplash or floor can be a cost-effective way of dramatically improving your bathroom’s aesthetic appeal.
Upgrading your toilet and your shower can also make your bathroom more attractive to new sellers. Yet if you are planning to stay in your home, making these changes can improve efficiency as well. A low-flow toilet can dramatically reduce water usage in your home. Installing a curbless shower can increase accessibility, which may become more important as you age. Making such changes now can save you a significant amount of time and money in the long run.
Updating and Repairing Your Plumbing
Small improvements to your plumbing can offer big gains. Many prospective home buyers will have seen several houses that have plumbing systems in a state of disrepair. Repairing toilets, unclogging drains, fixing leaky faucets, and repainting the hardware may provide an ROI of 200% to 400%. These improvements will make a substantial difference when a buyer walks through your home.
Plumbing updates can also offer a substantial ROI if your plan is to remain in your home. Addressing leaking or clogged pipes now can save you from having to call an emergency plumbing service in the future.
You should also consider upgrading your water heater. A traditional heater with a tank is not particularly energy efficient. Furthermore, it requires frequent flushing and maintenance to protect it from the dangers of limescale buildup. Replacing your old heater with a tankless water heater can dramatically reduce your energy bills while simultaneously providing you with more reliable hot water. You will also find that a tankless unit requires significantly less maintenance, which will save you time and money.
Permit Considerations
Before you embark on any significant changes to your home, find out whether you will require a permit before you do the job. For example, if your kitchen or bathroom remodel requires you to move the drain, you will need to apply for a permit. If you fail to do so, you will have problems during a home inspection when you are selling your house.
Contact a Trusted Central Texas Professional Plumbing Team
Making improvements to your home can sometimes feel exciting. At other times, it can feel incredibly daunting. The professional plumbing contractors at Indigo Home & Facility Services offer competitive pricing for excellent service. Whatever the task, we are committed to completing each project to your satisfaction.
We are based in Austin, but we also offer our services to Round Rock, Rollingwood, Leander, and Westlake.
Call us now at (512) 608-4999 to book an appointment with one of our trusted Central Texas professionals.
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