Few things are as valuable as your home. Home equity is generally the single largest contributor to your worth, and this makes spending money on the home a valuable investment for any homeowner.
For those persons hoping to get the best bang for their buck, there are a number of return-on-investment calculators that offer a quick look at how much money your home investments are really worth.
Nu-View Homes from Victoria BC has posted a quick-look tool on their website. It shows favorable numbers for traditional renovations like kitchen updates or new home siding.
The numbers don’t look as good for new gutters though.
Practical Value > Investment
If you were selling your house tomorrow, your real estate agent would be unlikely to recommend new gutters as the key selling feature. Why?
They aren’t as pretty as a new kitchen.
Gutters are essential on every home for one reason – to safely displace water from the roof of your home to the ground.
While some gutters (such as zinc or copper) have an attractive look, they aren’t likely to be the key selling feature on a home for sale.
The value of a gutter system truly lies in its function. Maintaining healthy gutters can save you thousands of dollars in water damages. Where a basement renovation might offer a higher return on investment, a flooded basement would certainly negate all that gain.
So stay on top of maintaining those gutters this year, and next year, and the year after that. It’s an investment you’ll never regret.