Homeowners prepping for 2017 projects are surprised to discover that some improvements can earn enough of an investment return to cover the costs. Here’s where we recommend focusing your spend to earn back the most bang for your buck.
Did you know by simply upgrading to energy-efficient windows you can cut up to 40% off your utility bills?
New windows are the easiest way to increase the value of your home. According to HGTV, by switching to energy-efficient windows you can earn back 60%-90% of your cost, if you ever decide to sell your home.
Asphalt is the most economical roofing material. Due to production and installation efficiency, it’s the cheapest around. If installed and maintained correctly, it can last up to 20 years.
Plus, you can qualify to receive up to $500 in tax credits, when you select ENERGY STAR certified materials. You can also be eligible to have it replaced by your home insurance at no cost to you, if your roof has recently suffered weather damage and is under 10 years old. If it’s older, no worries! You can still get a good amount covered—making it more affordable!
Whether you’re looking to revamp your home’s appearance or improve energy efficiency, new siding is an affordable option. Proper siding and insulation can improve your home’s energy efficiency and lower utility costs.
Not only will it boost your home’s curb appeal; a siding replacement will earn you 80% back of your investment.
Heater & Air Conditioning
As you may know, cooling and heating your home can use up almost 80% of your electricity. Upgrade your system and cut your energy bill by up to 40%. It’s more affordable now than ever! Depending on your state, tax credits can reach $1,500 and utility companies can offer up to $1,000.
In addition, you can claim manufacturer rebates under the right scenarios—up to $1,650 off the most popular brands.
Finally, reports show that going solar can reduce your electricity payments by up to $1,560 a year while increasing your property’s value by up to 20%.
And if you hit the jackpot and live in an approved zip code, tax credits, rebates and incentives could allow you to make the switch to solar without spending a penny upfront.