Before starting any remodeling project, it is important for homeowners to think about a few different variables. Many people want to rush out and install marble countertops and a lavish bathtub, but these upgrades are not always practical and often add very little value to your property. Here is a look at four upgrades with a proven return on investment that will make your home more comfortable, efficient, and valuable than ever.
1. Tankless Water Heater
For the average family, heating water accounts for around 30 percent of the home’s energy budget. One of the reasons for this is the fact that older water heaters keep a large tank of water hot throughout the day. As an alternative, tankless water heaters only heat water when it is needed. One or more of these devices can be installed throughout a home and provide the entire family with a nearly limitless source of hot water. This means no more arguing over who gets to take a shower first or trying to time your showers around when the dishwasher is on.
2. Programmable Thermostat
Installing a programmable thermostat is a simple project that an HVAC technician can carry out in as little as a few hours. While these small devices might not seem like much of an upgrade, they can generally pay for themselves in just a few months. These thermostats connect directly to the home’s wireless router, and this means that the homeowner can access them at all times of the day. Instead of setting your thermostat to a specific temperature, you can tell it exactly when to turn on and when to turn off. Your programmable thermostat can turn on the AC or heater an hour before a family member gets home instead of staying on all day.
3. Steel Door
Getting a new front door remains one of the best remodeling projects with an ROI of nearly 100 percent in some homes. This means that every dollar you spend on the door will increase the value of your property by one dollar. The reason for this is the fact that a steel front door actually has a number of unique benefits. First, steel doors come in almost any style and color imaginable, and this will increase the curb appeal of your home. They are also incredibly durable and an excellent safety feature for any home. Finally, a steel door can do a much better job than a wooden door at insulating the entryway.
4. New Siding
There are few upgrades that will improve the appearance of a home as much as new siding. While a fresh paint job is a good temporary solution, new siding will add quite a bit of character to a home and could increase its value. Fiber-cement siding can be manufactured to look like almost any other material including brick, wood, and natural stone. With a good sealant, your new siding should last for 50 years or longer. Fiber-cement also only needs to be painted once every 15 to 20 years.