Will Home Improvements Make Me Money?

Making improvements to our homes has great appeal for many of us. As well as improving our own living situations we may hope to increase the value of our property, but does it really work?

The world of home improvements seems to be everywhere these days. Turn on the television and you’re likely to be presented with a show about decorating, building a house from scratch, moving home or some other issue related to the property market.

Property is big business and there’s definitely money to be made for those of us who know what we’re doing. The problem is that many of us don’t really know where to start. We need a pointer – which home improvements will add the greatest value to our homes?

Let’s start with one luxury home improvement that may have surprising results: a swimming pool. Plenty of us may dream of coming home from work and relaxing in a pool. Indeed, it sounds idyllic. So it must increase the value of a property, right? Well no, not necessarily.

The actual impact that building a swimming pool will have on the value of your property will vary depending upon the location of your property and its circumstances. The key here is to think about potential buyers and what they might like.

If you’re attempting to sell your property as a great new home for a family then building a pool could turn out to be a bad move. Many parents would worry about the dangers of having a swimming pool in the same house as their small children.

They may even offer you a lower price for your home, reflecting the fact that they will have to bear the cost of having to pay to get your pool filled in. An excellent example of where a home improvement might not have the desired effect.

The important issue here is deciding who your target market is and what they are likely to want. We’ll have a look at a more positive example.

If you have a nice 3-bedroom home in a suburb, with a garden, then that may well be the type of property that could be very desirable to a couple with children. It might be a great location for the couple in commuting terms, while the garden could provide a great play area for the kids.

So how should you go about improving the property to increase its value? One obvious area that you could improve would be the garden. Kids generally like lots of space to play in – they’re not likely to be bothered by flower beds and the like.

You should get the garden into child-friendly shape. Make it look and feel like a great play area for the family’s children.

You’ll be amazed by how such relatively small improvements can add greatly to the value of your home.

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Home Security – A Good Home Improvement For a Recession

When money gets tight, we’re less likely to spend it on luxury home improvements. Sure we’d still like those swimming pools, high-end kitchen upgrades, and expensive electronics systems, but for many of us they aren’t in the budget right now.

That doesn’t mean you shouldn’t take any trips to the home improvement store at all this year though. If you’re a homeowner, you’ll have some routine maintenance that you don’t want to defer, but you may also want to consider making some home security upgrades.

In times of economic hardship, increasing your home’s security can make a lot of sense. With more people out of work, robberies increase and even random acts of violence can be more common as people’s tensions are high.

I know that even in my quiet semi-rural neighborhood, there have been more instances of break-ins and even robberies in the last year. Just a couple of weeks ago, our little family-run gas station was robbed at gun point. Fortunately, the police caught the robbers after a car chase, but it was eye-opening since we don’t think of this as being an area of high crime (or any crime most of the time).

You may find similar things happening in your own neighborhood these days.

Fortunately, upgrading your home security doesn’t have to mean spending a ton of money for a big fancy system that costs thousands of bucks to install and brings extra fees for monitoring each month. There are some simple (and not that expensive) steps you can take:

Upgrade your door hardware. You may want to go “beyond simple door locks” and check into door chains, hinge bolts, rack bolts, and the like.

Change your locks. Unless you were the first person ever to move into your house, condo, apartment, etc., you really have no idea for sure how many keys to your house exist out there. It’s possible that previous owners had extra keys made and handed them out to friends and family for access. Changing locks is an easy upgrade and ensures you know where all the keys to your house are.

Keep garages and storage sheds locked. A lot of folks leave detached garages and storage sheds that are unlocked or poorly locked, but this can be a big mistake. These out buildings often have ladders, tools, and other items that can help burglars gain access to your house. Keep these structures secure.

Keep your home well-maintained. It can be tempting to let the lawn go or let the bushes grow out of control–who has time for yard maintenance anyway–but homes that are in good repair are actually less likely to be targeted. Homes with tall lawns and the like can look vacant, and vacant houses are appealing targets for thieves.

Consider a home security system. While burglar alarms are more expensive than the other upgrades I’ve mentioned, they can be extremely useful. Just having a system (especially something with visible elements such as outdoor security cameras) can be a huge deterrent as burglars would rather break into houses that are easier targets. To save money, check into DIY systems.

While this is just the beginning of home security upgrades you may want to consider, it is a good start. Check out home security blogs and websites for more information and ideas.

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Why the Recession is the Best Time For Home Improvement Projects

At this time of economic turmoil, holding on to your money and keeping them stashed somewhere safe is a good idea. But you know what? There is a better idea and this is to invest it in your New York home. What better way to enjoy every buck than by living in all the luxury home improvement can offer and eventually reaping more bucks at resale time? Whether you are in Long Island, Brooklyn, Queens, Staten Island or Manhattan; it pays to look into the benefits. Here are more reasons why the recession is the best time for home improvement projects.

In the current market that we are in, everybody- even the industry giants are hurting. This time, more than ever is the best time to spruce things up and boost home appeal and value as well as the quality of living of the family. Financially speaking, improving your home now would not even be as bad as you think. To enlighten you, here are the benefits of tackling projects in a recession.

More Budget Friendly Options

All businesses and even the giants in the home improvement industry are affected by the recession that struck not only New York and the United States but the entire world as well. With this, discounted sales and bargains are not uncommon when you try to shop around from one store to the next. This makes smart buyers avail of high quality materials, supplies and products at a much lower cost.

Contractors Competing More Aggressively

Being in a work field that requires to always be on the move to tough it up, contractors sure dread dormant days. And the low economy is not helping them get enough jobs. This makes contracting businesses compete more aggressively not only in terms of marketing efforts but with the whole package of what homeowners will get if they hire certain professionals. Most qualified contractors offer lower service charges plus some promotional home improvement bonuses like finishing up small jobs for free in addition to the contracted work.

Better Quality Results

The recession normally causes many homeowners to hold on tightly to their purse strings. This makes less possible clients for our qualified New York contractors. And the less busy they are, the more time they can allot to your home improvement project. Because of this, your hired contractor is able to pour in more efficiency to the job enabling him to look even into the smallest of details. This makes up for a timely completion of the job and better quality results for you and the family to enjoy.

Recession Fuels Green Remodeling and Improvements

As if the above mentioned do not make home improvement more tempting to undertake now, here comes another great benefit. The government is even willing to pay you for tackling and investing on energy-efficient home improvements. This tax credit benefit for homeowners is comprised in the economic stimulus package of President Obama. Not only will this make up for the greatest cutback on your planned remodeling budget, but you’d also be getting a considerable reduction on your future monthly energy bills.

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