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How to Reinvest in Your Home to Increase Its Value
How to Reinvest  in Your Home to Increase Its Value
05 Jun 2020

When it comes to reinvesting in your home a little D.I.Y never hurt anybody. Before you take a hammer to your beloved walls or mess with the wiring,

which should be left to the professionals, we have put a handy guide together on how you can reinvest in your home to increase its value.

Before we start

When it comes to remodelling and reinvesting in your home, it is crucial to set a budget. An abrupt makeover that has not been carefully planned for can cause you to bite off more than you can chew. Once you have an idea of which area you would like to reinvest in, set a budget.

Always remember to source materials that are affordable by comparing prices before you start. You can also enter our Makro Competition to give you a chance to win R15,000 that can go towards your renovations.

Create an energy-efficient home

It is useful to think like a future home buyer. What this means is knowing features that are in demand but are not trends that can change. One of the things that people look for when purchasing a home is the maintenance costs that come with it. A home that is high maintenance is likely to cost you and scare potential buyers off, no matter how stunning it may look.

Creating an energy-efficient house is one of the ways in which you can reinvest in your home. Upgrade your home with energy-efficient appliances, insulation, and windows that can reduce the electricity costs. It can also be the best-selling feature that your home has to offer as an environmentally friendly home.

When things fall apart fix them

Routine maintenance can save you a lot of money in the long run and also make your home more marketable in the future if you are planning on selling it. Some of the basic updates that can make your home better are things such as:

Keeping the paint fresh

Fixing the roof

Replacing doors and handles that have become loose

Removing mould that can cause bigger problems

Remember to always call in the professionals to handle the wiring of your home or demolishing walls to avoid making costly mistakes...unless you are a professional.

Green fingers

Adding a bit of greenery to your surroundings can increase the value of your property instead of it all being concrete. People always want to picture themselves in a place; to see if they can turn your house into their home. If you are planning on selling your home that is exactly what you want to do.

Adding greenery around your home in the form of plants, trees or a fully-fledged garden can increase the aesthetic of your property along with its value.

You will need to do some research on which plants are indigenous to your area to avoid having alien plants that need a lot of water and could wreak havoc on your soul. It is also useful when it comes to knowing how to strategically plant trees that can keep your house cool in summer and warm in winter.

Kitchen and bathroom

Your kitchen and bathroom are known to be the top areas that can help you see return on your investment. However, a common mistake is to splurge in this area instead of keeping things simple. Keep in mind to keep things energy and water efficient, along with fixing broken equipment and items.

 

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Terms and conditions apply. Eligibility, cover and benefits are determined on individual risk profile. MiWayLife is an authorised FSP (No. 45741) and its product offering is underwritten by Sanlam Life Insurance Limited, a registered long-term insurer. MiWayLife is a division of Sanlam Life Insurance Limited - Reg No. 1998/021121/06