Upgrade your standard water heater for a tankless model. Most old-fashioned water heaters keep 50 or so gallons of water hot, seven days a week, 24 hours a day, whether you use the water or not. Tankless water heaters heat only the water you need as you need it. Not only will they save you money now, but they're an eco-friendly and cost-effective update that today's homebuyers are looking for.
I hesitated to add this to the list, because sometimes helping hurts, if you know what I mean! The same thing goes for doing it yourself. If you end up messing things up and have to hire someone to come fix it, then you’ve added expense to your project rather than saving money. But if you have electrician friends who’ve offered to help, or someone who has laid flooring in their home and has the equipment and experience, definitely take the help! But be judicious with who you allow to help, and make sure you communicate whether or not financial compensation is expected in exchange. Trading professional services is one way everybody wins in this type of scenario.

That’s a great point to design with the future in mind, especially for people who are looking to put their home up for sale within the next few years. We are actually doing a renovation so that our home will be worth more when we sell, so that tip is for us. I think we might try consulting with a bathroom remodel specialist because they would know what trends are here to stay for the next few years—at least long enough for us to sell our home. Thanks for the info!
Another area not to skimp on would be windows, doors, and insulation. Our last home had no insulation in the exterior walls, which is crazy considering Northeast Ohio’s climate! Literally the day we moved in, we drilled holes in the wall between every stud and blew in insulation with a blower we rented for the weekend. It cost us a bit up front, and patching the walls was a pain, but I know we made that money back in just one Ohio winter.
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