5 Easy and Inexpensive Ways to Protect the Value of Your Home
#1 - Keep Up With Your Home
The reason that property value can decrease and not the opposite is by letting the maintenance and needs of the home fall by the wayside. So instead of hiring someone to come do all the subtle improvements to the home, you can start giving yourself the motivation to learn to do it yourself. There are hundreds of reputable books on almost every DIY project within a home, not to mention countless video tutorials that can be found for free online. This upkeep can be much cheaper when doing it alone, and it is a great way to maintain the value of the home if not increase it.
#2 - Install Security
Security systems are a great way to protect the value of the property you own. To put it plainly, you are essentially keeping this value as it is or increasing it on a basis of it being safer from the possibility of vandalism and burglary. Many of these security system companies offer installation promotions that can make installing the system and purchasing its components easy and cheap. The safer your home, the more valued it can be. Burglary cases at an address can decrease the value of a home in certain cases as well.
#3 - Motion Sensor Lights
While they might not be on every house around, motion detector lights have really started to take off. They are a huge deterrent to theft and vandalism, as they do not allow the burglar or criminal to go around the property unseen. Depending on your budget for these items, they have simple solutions with just lights up to motion sensor lights with cameras that can photograph what set off the lights. These are usually wireless, meaning that the information they submit can be obtained over a wireless network in the home.
#4 - Talk With Your Insurance Provider
Homeowner insurance is always recommended, but few realize the kinds of discounts they can get in their rates from updating and replacing things in their home. For example, if you were to put up the money to have your electrical system in the house checked and even replaced, this is a discount on your coverage.
#5 - Get It Inspected
It is pretty affordable to have your home inspected these days. There are plenty of companies all across the country that do it, so you should not have difficulty locating a reputable company where you live. They can come out and thoroughly inspect your home for all kinds of things like infestation, structural weaknesses, and even some might suggest ways that you can actually increase the value of your home. They will give you specific examples of how you might be compromising the value of the home, and the steps it will take to correct these areas to restore the value.
These are just a few ideas to protecting the value of your property. If this is something that you have given thought, these few examples are a good place to begin. After these, you would likely have a property that has increased in value.
Craig Fitch writes about property value and real estate at www.homeinsurance.org.
Author Bio: Rob Alley earned a bachelors degree at Virginia Tech, in Blacksburg, VA in Biology. Rob Alley consults with homeowners regarding Real Estate transactions and speciliazes in listing and selling Charlottesville Real Estate. Realtor/Owner of Virginia Real Estate Solutions at RE/MAX Assured Properties
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