It’s impressive the things people do to improve the value of their Bee Ridge home. We’re talking about crown molding, new floors, new siding, upgrades to the landscaping and much more. The cost of upgrading these things can grow out of hand quickly and if the boost to your home’s value isn’t equally exponential, it’s hard to justify the expense.
So, it’s always nice to find a simple upgrade that can be performed for a few hundred dollars that will save you money immediately and improve the value of your home in the future. Your appliances (such as your air conditioner) are one such upgrade.
The Value of Energy Efficiency
An energy efficient washing machine can save upwards of $150 per year on water costs. An energy efficient toilet cuts consumption by as much as 150%. Low flow shower heads cut water costs by one third to one half and your heating and air conditioning systems can be improved by 10-35% depending on the upgrades available to you.
When you add up all those savings, the result is a tremendous amount of money that can be saved each year on everything from your water bill to your cooling needs. Imagine what happens when someone looks to buy your home. They see that there are all new appliances with energy efficient ratings that will save them money.
It’s not just lower bills; it’s a decrease in upfront investment. On the surface, it’s unlikely that your energy efficient appliances will directly increase the value of your home, but they can increase the likelihood of someone paying what you’re asking for the home. They add value to the livability of the home, if not the property itself and in today’s housing market, that’s a major plus.
The best upgrades to your home’s appliances are the ones that save money without additional work. Water saving appliances should top your list since they are used throughout the year. A new toilet, a new washing machine, a new shower head and sink faucets all designed to cut down on water use are valuable upgrades. Major upgrades to your heating and cooling are good if you need an upgrade anyway or you plan on staying in your home for a few years, but don’t spend $5,000+ just to boost the home value – the result won’t offset the cost.