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Last updated on December 19, 2017
Home ownership comes with a laundry list of responsibilities, but one of the most important ones to protect the value of your investment is maintenance. Deferred maintenance can dramatically decrease the value of a home, and, depending on market conditions, can leave you with much less profit when you eventually sell your home.
Whether you plan to sell your home in the next few years or it's your forever home and you want to take care of and enjoy your space to the fullest, here are a few maintenance projects and upgrades that are well worth your time and money:
Rewiring a House
If your home is more than 20 or 30 years old, it likely does not have the electrical infrastructure to support your modern lifestyle. Between all of the power-hungry kitchen appliances and technology must-haves, you are likely demanding more power from your home's electrical wiring than it was designed to offer. This is especially true of homes that were built in the 1960s, 50s and earlier. First, confirm the issues with an experienced, licensed electrician. Consult with two to three professionals so that you can compare their opinions of the issues, as well as their bids for the work. They can explain the necessary steps of how to rewire a house and by getting a few bids, you can get a pretty clear idea of the average cost to rewire a new house in your area.
This home upgrade can be an arduous undertaking, but it is worth it, as leaving the wiring as is could potentially lead to a house fire. Even if the worst did not happen to you, when you go to sell the house, the old wiring and the cost to rewire the house could be used to drive down your sale price by potential buyers. You're better off enjoying the peace of mind by tackling the issue head on right away.
Home Automation Made Easy
Smart home products are more affordable than ever. These gadgets bring a plethora of tasks right to your smartphone or tablet so that you can do everything from switch on the lights and unlock your door to arm your security system and adjust the thermostat. The majority of the latest smart home gadgets are designed for DIY installation so you don't even need to hire someone to install them for you. Some of the top home automation features to consider adding to your home include:
- Lighting: Philips Hue is a wireless lighting system that allows you to adjust your lighting at the touch of a screen to create just the right ambiance.
- Video doorbell: Ring allows you to see who is ringing your doorbell even if you aren't at home. In addition to filming, thanks to a motion-sensor camera, Ring also allows you to talk to the visitor, lending the appearance that you are home, even if you are not.
- Door locks: August is a smart lock that offers the ease of keyless entry so you never have to worry about fumbling for your keys in the dark again. It makes life easier for houseguests too because there's no need to worry about having a spare key.
- Thermostat: Nest is the most popular smart thermostat for good reason: it works. Let it learn all of your daily habits so you can start saving money on your energy usage.
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By updating the wiring in your home and adding smart home features, you can keep your home and family safe in more ways than one, while also making daily tasks more convenient. You can enjoy the value of these projects for years to come, and they may even help you get more money for your house when it comes time to sell it.