It’s no secret that renovating your home can be pretty pricey. However, while many home renovations may require a costly initial investment, certain projects can ultimately end up saving you a large chunk of change over time. Whether they are reducing your monthly energy bill or substantially increasing your home’s value, here are some of the top home renovations that will save you money in the long run.
Upgrading To an Energy-Efficient HVAC System
One of the most financially beneficial home renovations that you can make is upgrading your HVAC system. An HVAC system is one of the largest consumers of energy in most homes. Over the course of a year, most homeowners spend thousands of dollars on energy in order to keep their homes at a comfortable temperature.
Unless you’re interested in spending your winters freezing and your summers sweating by forgoing a temperature control system, one of the best ways to reduce your monthly energy bill is to invest in an energy-efficient HVAC system. Pioneer Mini Split’s ductless AC and heat mini split systems are a great option for those looking to invest in an energy-efficient, easy-to-install system for their home.
Improve Your Home’s Insulation
Speaking of reducing the amount of money you spend on your monthly energy bills, improving your home’s insulation is another home renovation that will save you money in the long run. If the insulation in your home is inefficient or of poor quality, then the warm or cool air your HVAC system consumes will simply leak out of your home.
As a result, your HVAC system will have to use even more energy to keep your home at a comfortable temperature. To prevent warm or cold air from escaping and keep your home comfortable, consider upgrading your home’s insulation to a material with a high R-value, such as closed-cell spray foam insulation.
Invest in a Home Security System
Investing in a home security system may not be the first thing that comes to mind when you think of home upgrades that can increase value. However, installing a home security system can potentially save you a lot of money over time. For one thing, those who have a home security system may be eligible for significantly lower homeowner’s insurance rates.
In addition, installing a home security system can increase the value of your home itself, which will increase your return on investment when it comes time to sell. Plus, a large percentage of burglars look for a security system when determining which house to target. As such, having a security system installed can help prevent significant financial loss as a result of theft.