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Investing in Your Home and Your Future

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22nd Jan 2021




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If you've been renting for most of your life or still living in your parent's home, then you've probably already been thinking about getting out there and becoming a first-time homebuyer. 

Not only do homeowners invest in their homes, but they are also investing in their futures by doing so. As an investor in your home, you'll get a federal tax credit for everything from certain home improvement projects to going solar and having a solar installer come out to your home and put in a solar system.

While you may be considering investing in the stock market first, it's a little better to become a homeowner, then worry about things such as why diversify investments is such an important thing. Diversification is not the same as variety and that's something you need to know if you're going to be in an asset class where diversification matters as an investor. So, become a homeowner first and that will be an incentive to invest in your home and your future as well, then put together a well-established diversified portfolio, afterward. Read on for a few ways that you can invest in your home and your future at the same time.

Go Solar

When you speak of investing in the future, you're not just talking about diversification, investors, and the stock market. You can invest in your home and the future of the planet and environment you love by going solar. The cost-savings of getting solar panels is an investment in itself. Solar energy is the wave of the future and any solar installer will tell you the same. If you're worried about the high cost of the electric bills in the new home you just purchased, then having a solar system installed by a solar installer will lower that electric bill by half, if not more.

Investing in solar panels is also a great way to reduce your carbon footprint on the planet and to lower your electric rates at the same time. What's not to love about that?

Invest in smart tech

Investing in your home and your future means keeping up with the times. If your new home isn't already a smart home, then you need to invest the time and the money to make it into one. Updating your home with popular smart tech products and energy-efficient appliances will once again help with your electric bill and reduce your carbon footprint. Smart tech such as home security systems, smart thermostats, and other things can be used as local incentives by insurance companies, which often give lower rates for smart tech, energy-efficient appliances, and solar systems as well.

Makeover your yard

Another way to invest in your home and your future is by sprucing up your yard. Whether you're adding color to your planters or repaving your driveway and putting in a patio, your yard should be a source of pride and joy for any homeowner. It tells your neighbors that you not only take pride in your house but your yard as well. If you're not much of a landscaper or an outdoorsy person, then it's possible to hire a landscaping service to not only spruce up the yard for you but to maintain it afterward as well.

Remember, buying a home means that you're not only investing in the home itself but in your own future as well. Though you should eventually invest in individual stocks and other investment activities, starting small as a first-time homeowner is an investment in your future, updating that home is an investment in the future of the planet.