Are you in desperate need of new appliances? You may have concerns about the cost of these upgrades. What you may not realize is that updating your home will offer several benefits today and in the future. Here are four benefits of updating home appliances.
Bathroom Remodeling Pays for Itself
Image via Flickr by NancyHugoCKD.com
Do you hate the way that your bathroom looks? Do you wish you had a better shower, bathtub, or both? Maybe you’ve had a change in your relationship status and now need an extra vanity. Whatever the reason, a bathroom remodel is always a good idea. The only reason you haven’t updated is probably the cost.
Don’t worry! You can upgrade your bathroom without feeling guilty. Research suggests that the return on investment for a bathroom remodel is 102 percent. In other words, you’ll get back all the money that you invest in an improved bathroom and even a bit more. Make sure to pick changes with high resale values when you remodel. As long as you do that, your update pays for itself.
Saving on Your Utilities
You can save on your utilities, too. Think about how much you spend on this bill each month. Now consider how old your HVAC unit is. Technology has advanced rapidly in the 21st century. Governmental standards have also changed. Any HVAC unit that’s more than 15 years old is less efficient than a new one. That means you’re paying a lot more on your utility bill.
By purchasing an HVAC unit, you will actually save money over time. Your efficient system will lead to cheaper utility bills. Those savings will eventually add up to more than what you pay for the new appliance!
Kitchen Appliances Do Both
A kitchen remodel offers the best of both worlds from the suggestions above. Your new appliances will save money on utilities since they’re more efficient. For example, a new refrigerator uses less than half the power of a device built from 1993-2000 . That’s a savings of $1,400 in electricity costs. That’s roughly the same price as the appliance!
Kitchen remodels have the same benefit as bathroom remodels, too. The updates that you do to your kitchen will provide a return on investment of 98.5 percent. Combined with the utility bill savings, new kitchen appliances will more than pay for themselves!
Adding Smart Technology Is Smart
Another benefit of updating your appliances is that they’ll make your life easier. Many new appliances have smart features that will help you have a happier home life. For example, some refrigerators include video of the contents inside. When you’re at the grocery store, you can take a peek to see whether you’re out of milk or eggs.
You can also buy a washer/dryer system that connects to your smartphone. This allows you to turn on your appliances from anywhere. If you know that a load isn’t dry yet, a single button-push on your phone will restart it. You’ll quickly get addicted to this functionality.
As you can see, getting new appliances isn’t a splurge purchase. To the contrary, many of the items can save you money over time while improving your daily life.