So you’ve just come into some money and are wondering if it would be wise to invest in your home. Whether you won the money playing the lottery, have inherited a nest egg from a relative, or have been given a bonus at work, spend it wisely. It’s nice to treat yourself to the odd thing or two, but you don’t want to just witter your money away. Your best option is to invest it, and what better thing to invest it in, than your home?
The great thing about investing in your home is that you get a nicer, more modern home to live in. Plus, should you opt to sell in the future, you’ll get your investment back and more. Or at least, you should do. It’s just a case of being choosy about what you invest in, to ensure it’s adding value to your home.
Time to extend
Have you always dreamed of extending your home? Well, now is the perfect time to do that. As long as you’ve got a sizable garden and are able to get planning permission, adding an extension to your home could be the perfect way to invest in it. Not only will this increase yours’ and your family’s living space, but it will also give your property a huge boost in value. Especially, if your extension adds extra bedrooms or bathrooms to your home. This is one of the very best investments to make as it can really up the value of your home and the profit that you would make, should you opt to sell.
Invest in your windows
If your home doesn’t already have quality double glazing, now is the perfect time to invest. If your home doesn’t have double glazing or it’s old and worn, it could be time to change that. The thing is, not only will new windows add value but they’ll also cut your annual energy costs. You see, good quality windows prevent air from getting into or out of your home, meaning that it’s easier to keep the temperature perfect. This will reduce your heating or air conditioning costs, and will make it easier to keep your home at an ideal temperature all year around. This will save you money and make your home more eco-friendly.
Landscape your garden
Is your garden lacking something? Could it be brighter and more beautiful? If you’ve never taken the opportunity to invest in your garden, now is the perfect time to. Properties with beautiful gardens, not only tend to sell quicker but also tend to go for higher prices. It’s not just a case of mowing the lawn and dotting some flowers around, to make your garden more valuable you need to landscape it properly. Add things like a patio or a deck, invest in good quality garden furniture, and make the grass areas and flowerbeds look as pretty as possible.
If you’ve come into some money, instead of wittering it away, be sensible and invest it in your home and future. The more money you put into your home, the more profit you will make should you ever opt to sell.