Whether you’re buying a new home, remodeling your existing property, or just want to make a few updates, you may question where the best places to splurge and where the best to save are. Homebuyers and owners often wonder what is going to be worth the money if they spend a little more, and what’s essentially a waste, concerning everything from furnishings to renovations and even home technology and automated features.
It can be difficult to decide where it’s okay to dig a little deeper in your pocket, so below are some great ideas of places it can make sense to go ahead and splurge a bit.
If you’re planning any kind of remodel or renovation, even if it doesn’t seem like a huge project, it can be worth the money to hire a professional architect or designer to help you make important decisions. An architect or designer isn’t just going to come up with a basic floorplan. They’re going to help you decide where you can add the most value to your home, how you can create a functional design to suit your lifestyle, and they can also consider the logistics of home design that you might not otherwise realize are relevant to your project.
When you’re thinking about furnishings and décor, you want to put your money into the pieces that you use the most, and that you can see yourself using many years into the future. If you don’t spend a lot of time outdoors, it doesn’t make a lot of sense to spend thousands on outdoor furniture. On the other hand, your bed and other bedroom furniture are going to be used nearly every day, so you might want to put your focus in these areas. Choose timeless, high-quality pieces and then intermix them with trendier, less expensive finds.
Smart Home Systems
If you love technology, and you’re wondering where you can put money into this area of your home, think about a complete control smart home system. You can find great systems that will integrate everything from your thermostat to your home security, and you can easily create an entire smart home network. Many of these systems can be controlled from a smartphone or mobile device. The perks of this, besides how cool it can be to have a smartphone, are resale value, and you’ll also save money on the cost of things like electricity. A smart home system investment can pay for itself pretty quickly.
On the other hand, some places you shouldn’t splurge? Most design and real estate professionals recommend you don’t overdo it on the customizations, whether that’s funky tile work or adding appliances that aren’t a standard size. You’re going to have trouble if you decide to sell your home because something that feels overly personalized to the previous owners can be a big turnoff for buyers. If you have kids, you might want to save money on even the staple pieces like the sofa until your children are a bit older, and splurge in other places, such as the addition of energy-efficient windows and doors.