Today’s current trend is to cut back on spending money on your home in order to save money. It makes sense. Right? The less you splash out, the more money you’ll have in your bank balance. In times like these, it’s a clever and necessary way to create a financial buffer and eliminate stress.
However, most property owners don’t consider that being thrifty might end up costing them in the long run.
After all, cheaper materials and craftsmanship are bound to degrade quicker and need replacing.
Still, just because you know this doesn’t make your life any easier, not when you don’t have a bottomless budget for unexpected issues like combi boiler problems.
The key is to strike a fine balance between investing in the areas of your home that will benefit you in the future, and avoiding the ones that don’t.
If you don’t know where to begin, the features below are the perfect places to consider investing more in your home.
Carpet is easily the comfiest, cosiest, and most homely flooring option due to its soft fabric and thick pile.
Plus, it looks fantastic when paired with the right furnishings and fittings. However, the downside is, it quickly degrades if you don’t take care of it properly.
For one thing, it stains very easily, and some stains don’t lift. For another, the constant walking on it can force the tread to appear old and tired.
Of course, it’s not as if you’re going to stop standing on it, so the only option is to fork out more money on your home to replace the shag pile.
Thankfully, there’s a simpler way with luxury vinyl tile. LVT stands up to the rigors of modern-day homes – it’s easy to clean and doesn’t need replacing as often, and it’s fashionable.
All you need to do is choose LVT flooring colors that match the rest of the house. Investing in robust, durable flooring is a money-spinner as it lasts longer.
Windows & Doors
Stand next to a closed window or door. What you’re looking for is a draught. Incredibly, most old houses have air leaks, which means two things.
Firstly, you’re going to be very cold during the winter, particularly if you live in the North!
Secondly, you’ll spend a fortune on gas in a futile attempt to keep your home warm.
Swapping your windows and doors for high-quality, insulated models is expensive upfront, yet it will save you a considerable sum within five to ten years.
This is due to the fact that double and triple glazing stops cold air from getting in, while properly-fitted PVC frames eliminate draughts.
You can use DIY tactics to block draughts, such as putting silicone around the frames to fill in the cracks. You can also prevent gaps with excluders.
However, you get peace of mind when a job is done correctly.
Another household feature that concerns energy is your boiler. The boiler is the foundation of your home’s heat because it produces hot water for essential activities such as cooking, showering, and heating radiators. Of course, not all of them are created equal, as many property owners know only too well.
A new boiler will cost you in the range of £1,500 to £10,000, depending on how much you want to spend. However, a biomass furnace will do more than save you money – it will cut your home’s CO2 emissions, too. In theory, they are carbon neutral as the fuel they burn soaks up the CO2 emitted.
Not only will you spend less on rising energy prices, but you can use your own sources of fuel, reducing the costs even further.
When Spending Money On Your Home Saves You Money Use Professional Contractors
All of the above sound brilliant. But, you might not want to splash out on a contractor as well as the materials themselves.
As a result, you believe a spot of DIY is on the cards. Come on – how hard can it be?
The answer is incredibly difficult. Firstly, messing around with plumbing is a no-go unless you are qualified.
Secondly, doing it yourself won’t save you money if you mess it up and have to pay for a professional. Thirdly, don’t forget about resale value.
The average person moves more than ten times in their life, which means you should always consider your property’s listing value.
When you hire an expert, you know the quality of the work will be high, and that will appeal to more buyers, driving up demand.
Spending money on your home is a no-brainer in these instances. Still, it’s essential to analyse the pros and cons before you make your final decision.