For homeowners, owning a house is a big asset. Many experts will agree that buying a home is one of the best long-term investments you can make.
Whether you are buying a house as a place of residence or maintaining it as part of your real estate investment portfolio, regular maintenance is necessary to keep it in the best condition possible.
While carrying out maintenance routines, it is also necessary to ensure that you are not just spending money on the aesthetics alone but to improve and increase the value of your home.
You need to be carrying out maintenance routines that will increase the value of your home. This article will help you do that.
Here are 9 maintenance tips that can help you to increase the value of your home:
Maintain the Plumbing
Faulty plumbing can lead to a number of damages that can result from leaks and breakages in water lines.
Ensure your plumbing system is intact and water control is optimal. A good overall plumbing system improves the value of a property significantly. Make sure you prioritize water control in your maintenance schedule.
Home security can also play a big role in the valuation of a property. When considering investing in home maintenance plans, it is essential to take into account safety and security.
Safety starts from the point someone enters a property and you must pay attention to details in this regard. Whatever has the potential of causing injury needs to be repaired, removed, or replaced. You also need to make sure that locks are serviced regularly and other security features like a smoke detector, CCTV cameras, electric fencing and security alarms are working. These factors heavily influence the value of a property.
Be Energy Efficient
Energy efficiency can determine the running cost of living in a home.
Thermal windows, additional insulation and high-performance furnaces are a few things you should consider to minimize energy consumption.
Pay Attention to Landscaping
Landscaping is a great aspect that can make a property more appealing and valuable. When left unkempt, it may lower the value of your home.
Make sure trees and hedges are pruned regularly and the landscape is properly fertilized and watered.
Maintenance of landscaping is not very costly, but can make a huge difference in improving and adding value to your home.
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Upgrading the Roofing
Replacing a roof is often expensive but when it is done right, it can play a significant role in elevating the value of a property.
Since roofing is most affected by weather elements, homeowners must pay attention to its depleting condition.
Whenever it is time for repairs, it is best to invest in a durable roofing material and change the roofing pattern, where possible.
This seems to be a ‘no-brainer’ to many, but most of us fail to realise just how far painting can go in improving the value of a home.
A house with worn-off paint appears far less attractive than it should be and a fresh coat of paint can do a lot in improving its appearance.
Sticking to neutral paint colours helps appeal to a wide range of buyers.
If you reside in your property, it’s expected that you keep it clean. Even if a house has been deserted for some time, buyers still expect cleanliness to be maintained.
A clean house looks far more appealing than a dirty house and the overall appeal of your house determines its value.
Revamp Your Kitchen and Bathroom
Most people do not realise the fact that the most important rooms in a home are the kitchen and bathroom and that most home buyers still consider them first in their decision-making process.
You have to make sure that your kitchen and bathroom are properly maintained at all times. Revamping your kitchen and bathroom can significantly impact the value of your home.
Get Professional Help
There are certainly many things you can do among the points we have considered, but it is important that you don’t attempt to implement these things alone.
When professionals carry out most of your home maintenance routines, the desired result of achieving increased home value is inevitable.
Being a homeowner comes with the responsibility of maintaining your property. A home is an investment that provides unlimited value as shelter and as an income-yielding asset.
Maintenance is necessary to keep the house in best condition and prevent damages.
It is also paramount to invest in a good home insurance policy that will not only increase the value of the house, but will also protect you from inevitable and unforeseen damages and losses.
We advise that you consult an experienced insurance broker in South Africa to help you find a home insurance policy that will best fit your needs.