Have you recently come into a large sum of money? Maybe it’s from an inheritance, accident settlement or lottery winnings. Your first instinct may be to whisk your family away to a tropical island getaway or splurge on a brand new car. While you may be able to afford these new luxuries, you should also consider making your home and some needed improvements a priority first. Here are a few reasons why putting money into your home is a beneficial way to spend your new found wealth.

Raises Property Value

While it may tempting to go out and buy a new RV for travel, start by making your own home a mini-vacation getaway. If you’re in need of a new roof and siding, now is the time to do it. A new roof, eavestroughs, and siding can totally change the appearance of your home and add instant value. This means if you ever decide to sell it in the future, you can list these improvements to help boost property value. Other ways to improve value include:

• Upgrading your entire plumbing system.
• Make sure your electrical box is up to code, otherwise replace it with new amp service.
• Get a new tankless hot water tank and energy-efficient HVAC system.
• Add a new kitchen with new flooring, cabinets, and appliances.
• Replace your outdated bathroom with an innovative new one.
• Waterproof your basement or crawlspace.

Adding all of these upgrades helps make your home like new again. Another way to bring everything together is to outfit your home with brand new Henredon Furniture to warm up your space and make your home look and feel more inviting.

Makes Your Home More Energy Efficient

Contributing the bulk of your savings to your home remodel, does more than make it look good, it can also make it more energy efficient. You can make your home smarter than it was before by adding a smart hub that connects to all of your appliances, HVAC system, and electrical devices. From there you’ll be able to control temperatures in each room, lights as well as security cameras no matter what location you’re at. This can all be done through a central unit that works remotely and allows you to make adjustments via text or email. Don’t forget to insulate your space. Adding rolled batt insulation in the attic, blown-in cellulose in the walls and spray foam insulation in cracks also helps boost energy efficiency.

Adds Indoor And Outdoor Appeal

Spending some money on landscaping helps draw the eye in as people drive or walk by your home. A well-manicured garden, flower bed and rock retaining wall can boost curb appeal should you decide to sell your home in the near future. As for putting up a retaining wall to your garden you can search “retaining wall contractors near me” to find close by retaining wall installers in your area. Same goes for the inside too. Plan a DIY day. Paint the walls, add crown molding and invest in new hardwood floors or carpeting. Have an unfinished room upstairs? Don’t ignore it, change it into a new office or guest bedroom. This will add appeal and value to your home, should you have it appraised in the future.

Saves Money on Unforeseen Costly Repairs

Have you had some slow drains? A wet basement that you’ve been ignoring for the past few months? Or years? Now is the time to call in the pros to address these minor issues that could turn into big disasters later on. Call an HVAC or plumbing pro out to your home to do a complete inspection of your water and sewer lines. They will come out and check your entire plumbing and heating system for any type of potential problems or weaknesses. From there, you can make the necessary repairs or focus on upgrades that are more energy savvy that will also add more value to your home. You may also want to consider a building contractor to do a home energy audit as well as an overall inspection of your entire home—top to bottom. This will recover any possible issues that can be addressed before a catastrophe takes place.

Your home is your castle, so treat it as such. You’ll have to invest in your investment to keep things working smoothly for many years to come.