Best Ways to Invest in Your Own Home

by Virginia Lindstrom 03/17/2021


Photo by Pixabay from Pexels

Investing in real estate doesn’t require buying new property. If you already own a home, improving it is one of the best long-term investments you can make. You can increase your home’s value and make life more comfortable for yourself at the same time.

Here are some of the best ways to invest in your own home:

Replace Old Flooring

Real or engineered hardwood flooring might seem costly up front, but it’s an excellent way to add value to your house. This counts especially if you are also removing carpet in the same step. Hardwood floors are durable, versatile and timeless and there are a variety of stains and finishes available to increase their longevity and keep them looking their best. Both real wood and engineered wood floors can go decades without maintenance, which saves you money in the long-term and adds a highly sought-after feature for potential homebuyers in the future.

Refresh Your Bathrooms

For bathroom remodels, a little can go a long way. Even just a fresh coat of paint or new light fixtures can make an enormous difference in the aesthetic and overall feel of a bathroom. For a bigger investment, replace dated fixtures and flooring. You can save money on utilities and help the environment by adding efficient features like low-flow toilets. If you’re handy, you can DIY most bathroom projects. You can invest your time and effort into making the upgrades yourself rather than paying a contractor.

Finish Your Unfinished Spaces

If you have an unfinished attic or basement, now might be the time to finish it. The great news is that you don’t have to decorate these spaces fully for the project to be an excellent investment. Adding insulation, flooring and finished drywall can be enough to make the space useful and therefore valuable. One thing to keep in mind with finishing basements and attic spaces is local building code requirements. There may be certain steps to take in order to count the square footage of the space as “livable” in a home appraisal or sale, so it’s a good idea to consult an expert to make sure you’re investing the right way.

Update Your Plumbing

New plumbing is always a good investment. Like electricity, the quality of your plumbing affects quality of life in almost every part of the house. Old pipes are prone to corrosion, which over time can affect drainage or even cause more serious issues like leaks. You can increase energy efficiency and home value if you opt to replace old pipes with new ones that are better insulated. While some plumbing projects are doable from a DIY standpoint, if you’re doing a full-home upgrade of the entire system, hire a professional to help. You want to make sure that everything is installed perfectly to make the most out of a potentially pricey upgrade.

These are just a few ways to invest in your home, but don’t forget that any minor changes add up. Start small if you don’t feel ready to take on an extensive project. You’ll be investing both time and money and see the benefits both in quality of life and in eventual home resale value.

About the Author
Author

Virginia Lindstrom

Hello and welcome to my website!

My Real Estate sales career began on June 18th 1985 at the age of 29- a wife & mother of 2 young children.

Within the 1st year I closed 5 sales and in January 1986, began my monthly marketing in the Lakewood Village neighborhood in Sunnyvale, where I made my very 1st sale and also took my 1st listing!

Over the last 3 decades, I've helped well over 450 families purchase and or sell their "American Dream".

I specialize in both Lakewood Village in Sunnyvale and the Cambrian area of San Jose, where I've lived for over 20 years. 

I now primarily help sellers with the sale of their property- whether it is their primary residence, or an investment cash out or 1031-Exchange, an Estate Trust sale or a Probate sale of a loved one who's passed away, I have vast knowledge and experience in all these areas of Real Estate.

I began my Real estate career with Century 21 Community Realty in Sunnyvale, until that office closed. Since then, I've been with Re/Max Real Estate Services in Cupertino and recently celebrated 26 years with Re/Max in October 2019.

I pride myself in being the best Real Estate professional I can be with integrity and honor at the forefront of my business career and my clients.

Thank you for visiting my website and I look forward to an opportunity to serve you and your family with all your Real Estate needs too!

Warmest Regards,

Virginia Lindstrom, Realtor