Your home is your most valuable asset. A lot of people forget that this space doubles as a financial instrument that can facilitate new borrowing, greater monetary strength in retirement, and much more. The truth is that taking care of your home is really a measure designed to take care of yourself and your family. With upgrades and other renovation works brought into the property, you can continue to add to the underlying value with ease and in ways that benefit your family’s lifestyle as well.
Finding spaces that could do with an upgrade isn’t always easy. This takes a careful eye and a knowledge of the ways in which property value in your area can be affected (both positively and negatively). Listening to David Lindahl podcasts or attending seminars or boot camps is a great way to gain a more thorough insight into the ways in which your local property market responds to specific upgrades and enhancements to the home. Every family’s needs will be a little different, and so too will each local property marketplace. Utilizing the insights gained from books and seminars produced by a successful property investor and mentor like David Lindahl can bring you a step closer to fast and effective management of your own property as both a home and an asset.
Start with technology upgrades for a “smarter” home.
Smart homes are all the rage these days. From David Lindahl podcasts, boot camps, and seminars to traditional wisdom, the jury’s in on the ratios of technology and comfort in the home. With greater technological advancements making their way out of labs and into the home every single day, there’s no reason not to introduce these improvements into your living space. Introducing a new surround sound plugin, the best lighting setup for streaming, or wireless technology that brings lights and AC controls into a handheld remote, you can improve upon the feel and utility of your home with easy installations that will last for many years to come. Digital technology provides better peace of mind in the home, and it can make all that you do more enjoyable while allowing for a unique simplicity as well.
Lighting is a crucial component in any home, and in the modern world with the introduction of the coronavirus pandemic, working from home and finding new outlets to blow off steam or earn a living are essential steps to take. With the help of new digital technologies, this is easier than ever before.
Consider your floorplan for expanded usage.
The floorplan is another area in which homeowners are finding new and interesting ways to add to their property. With a new extension in the back of the home, the digging of a pool, or the building of an additional storage shed, garage, or basement, many homes are getting a much-needed facelift that adds ample space for new activities, storage, and more. Building a new workspace, home gym, or garden takes work, and in many instances, home improvement is a key feature of these endeavors. While we are all spending more time at home, finding ways to improve upon the actual footprint of the property has become a favorite pastime for many DIY-ers and others who had never picked up a hammer or drill before settling into this “new normal.”
Real estate offers itself to the market in a number of interesting ways. Whether you’re thinking of moving into a new space in the near future (and perhaps adding a lump sum payout from the real estate sale to your cash flow) or simply want to find a new improvement that can add value as it relates to the real estate market while giving you a new-home feeling, upgrades within these arenas are a great place to begin.
