Think about this – what type of home improvement will increase the value of your home while also maximising your return on investment?
Like most people, you probably thought of a huge remodelling project like a bathroom or a kitchen renovation. After all, these are the obvious options. The more you invest in these projects, the better the returns, right?
As it turns out, this might not necessarily be true. The most profitable home improvements are those that are cheap, simple and environmentally-friendly. If you are hoping to put your property up for sale then this is great news! If you are not, you will still end up adding to the value of your home with some selective energy-efficient additions.
In this piece, we have discussed some of the most lucrative solutions that will not only offer the best ROI but also improve your home’s green credentials!
Let’s take a look at these energy-efficient installations!
Low Flow Toilets, Faucets and Showerheads
For potential buyers, the way a bathroom is constructed matters a lot. Add to this the element of water conservation with effective plumbing, it’s one of those key areas that you can deal with inside your home. You can control how much water is used and add to your efforts of green conservation. Reducing the amount of water used in your home without impacting day-to-day activities and chores pave way for a brilliant opportunity to save money and be green.
Installing low flow appliances in toilets, faucets and showerheads will greatly reduce the amount of water you use. In numbers, with these energy-efficient installations, you’d be using 0.05 gallons of water per minute instead of 2.5 gallons. What’s more, you get this level of performance without losing water pressure. Impressive, isn’t it?
Energy-Efficient Windows and Doors
By installing energy-efficient windows and doors, you can save between 7% to 15% on your energy bill! Energy-efficient windows add to your building’s envelope of insulation and keep the internal and external airflow in check. This effectively prevents unwanted seeping of temperature from the outdoors. Integrate this with home insulation and you could add 1% to 3% to your home’s market value.
Enhanced Insulation All Around the House
When it comes to keeping your energy bills down, home insulation is generally the first thing you need to focus on. Insulating your home keeps the external elements of the weather from affecting the comfortable temperatures in your home. This ensures that you heat and cool the inside air to the extent that’s required, neither more nor less. Older homes that were constructed more than a decade ago probably lack the required standard amount of insulation when they were built.
Unless you have renovated your home and topped it up with an additional layer of insulation, you are losing a lot of money through the ceilings and walls of your home. Conduct an energy audit to get an idea about the sections of your home that are costing you for being inefficient. Additionally, get the necessary amount of insulation done so that you save money, instead of losing it to energy inefficiency.
Energy Star Appliances
Generally, newly built homes are more likely to have energy-efficient appliances installed. When compared, older homes tend to have one to two items from the past that are big energy hoggers.
Remedy the situation by replacing older appliances with their more efficient counterparts. The takeaway – you will potentially consume 15% to 50% less energy and this will be reflected in your reduced energy bills.
As kitchens are generally the first room to undergo renovation, you can upgrade to better appliances as you improve the floors, counters and the cabinets of your home.
Heat Pump Installation
Given our impact on climate change, renewable heating technologies have gained a lot of popularity. With growing awareness regarding the importance of being green, more and more homeowners are looking forward to tapping into free energy sources to power their homes. Air and ground source heat pump installation can help lower your energy bills considerably while also boosting the value of your home.
While the initial setup cost is a bit high, the homeowner’s RHI program will help offset this. Homeowners RHI or domestic RHI was launched to provide financial incentives to encourage people to install green technologies! So, with the energy savings you’ll make and the government subsidies you will receive, the heat pump you install will essentially pay for itself over the years.
Find out more about RHI application by clicking here!
Every pound you save with energy-efficient improvements will add to the value of your home. To determine which improvements will deliver great ROI, you will have to do your due diligence. Take into account the resources and energy that you are consuming now and then figure out the improvements that will yield the desired results. Consider the costs involved for installing these products and the savings/earnings you can make from it.
Figure out how these green improvements increase the value of your home while also reducing the impact on the environment!