Build a Financial Future by Investing in Your Home
Over the last decade, the global economy has been slowly recovering from an economic crash that devastated the housing market, and created mortgage chaos for homeowners across the world. In order for markets to recover, interest rates have remained stagnant and this has affected those saving for their futures.
It is hard to find a decent savings rate from high street banks and building societies, and interest rates show no signs of increasing as financial regulators across the world struggle to maintain the economic recovery, and spur on new growth. This is why more and more people are turning to their houses as a way of investing for their future. By making some highly valued home improvements, you can see double figure returns on your investment, and reap the benefit of the changes you make while you live there. By making an investment of a few thousand in your home, you could see your investment come back to you in the tens of thousands when you sell your home later in life.
Here is a quick guide to some of the home improvements anyone can make that can be an investment for their future, and give them a better home in the present.
Eco-Friendly and Economical Improvements
Going green is not just economical in the short term, it also has long-term investment potential. Making a home energy efficient with features like solar panels and heat pumps can reduce your energy bills and give your home a desirable and valuable feature for the future.
Modernisation and Redesign
Sometimes when we first move in to our homes, we can have grand plans that never come to fruition. It is hard to move in to a space, take the time to settle in, and then redesign it. One popular idea is to outsource the headaches of redesigning your home’s interior by using a company like The Home Design Group. A fresh pair of eyes, with experience in home design and ergonomics, can revolutionise a space in ways beyond the imagination of many homeowners.
Extensions, Conservatories and Landscaping
Adding extra space to a home is the most cost-effective way to add value, but it does require significant investment. A popular idea is to add a conservatory, along with some landscaping in a back garden. This generally costs less than adding a single floor extension, and adds light to your home’s internal space. Landscape your garden with a theme in mind, add a hot tub, and you could see returns of ten percent or more.
These ideas are not only profitable investments for the future, but they also offer any home positive benefits that you can enjoy today. Improvements like these also offer an opportunity to put some of your own character into your home, and make it yours. A home can be like a member of our family, reliably offering us shelter and security, and a place where the whole family will share a lifetime of memories. They can also help us build for our financial future.
