As a homeowner, you are not always thinking about how you will recoup the money you put into your house. Repairs and remodels are sometimes seen as money lost, when in reality you should think of those upgrades as having a positive return on investment. A bathroom or kitchen remodel ROI means that a long-lasting fix can give you the best bang for your buck.
Before jumping into a big home improvement project, you should first determine if a renovation or remodel is worth it. Remodels usually happen when the project is necessary, such as a leaking roof or leaking pipes. A kitchen or bathroom remodel may not be immediately necessary, but if you can price out what can be done to upgrade those features, you can see a significant increase in your home’s resale value.
The least expensive project would replace the faucets and fixtures in your home. This relatively small task can provide instant gratification by making your bathroom or kitchen appear cleaner, more modern, and more attractive. Upgrading the shower is another thing that does not involve a huge budget.
Water heaters can often be taken for granted, and you will know how much you miss it when it isn’t functioning properly. A change to a tankless water heater provides many benefits, including reliability. Tankless water heaters are also more energy efficient, heating only the water that is going to be used instead of keeping warm water on reserve.
Older homes are much more in need of plumbing upgrades. Aged plumbing becomes less reliable and less efficient. The longer you wait on replacing old pipes and old fixtures, the more likely it is that they may break or fail, leading to possible water damage. You would likely end up spending more on fixing all the damage caused by a burst pipe than what it would cost to replace the pipe.
Typically, homeowners look to projects with a high return on investment when they will sell their home. However, if you are not planning on selling, the plumbing projects you pursue will still increase your home’s value. You will also have the peace of mind that you could eliminate the potential problem by modernizing your home’s plumbing.
Yielding the best possible return on investment involves knowing what and when to replace your home’s older plumbing fixtures. For more information on getting the best return on your plumbing investment, call Kellermeier Plumbing at 616-866-5134. At Kellermeier Plumbing, we pride ourselves on being honest and upfront with our customers and strive to provide our clients with the highest level of service.