Plumbing Tips to Increase the Value of Your Real Estate Properties

Though real estate can be one of the most rewarding ways of investing your money, it is not nearly as straightforward as it might seem — especially for smaller-scale investors.

Those new to the process are often surprised at home much they need to know about the details of property maintenance, and one of the most important things any investor needs to learn is how to enhance the value of a property without pouring so much money into it that it ceases to be profitable.

Understanding plumbing is a crucial part of this. Plumbing is not only one of the most important features of any property, but it is also the one that can do the most damage if not taken care of properly. Costly flooding and water damage are all too often caused by burst or corroded pipes; conversely, new fixtures, sinks, and tubs can all enhance property value.

If you want to make smart investments in your real estate properties, here are three plumbing-related upgrades you should make.

1. Install New Fixtures

Anyone with experience in real estate knows the value of a new coat of paint — increasing the attractiveness of a property is one of the easiest ways to increase its rental or resale value.

This is also true of kitchens and washrooms. Even in the most rustic houses, people want these important rooms to have new fixtures, and installing a new sink and taps can immediately elevate these spaces.

2. Be Proactive About Pipes 

Most serious plumbing problems arise from waste-water management. If you need to call a plumber, chances are it’s because your pipes aren’t efficiently draining your used water into the sewers, so investing in upgrades that can help make your drainage system more resilient is a good idea if you want to reduce the amount you spend on home repairs.

One way to do this is by booking a consultation with Buffalo Grove plumbers to see where the plumbing system in your commercial real estate property is experiencing wear. Bellied pipes, corrosion, loose fittings, and root damage can cause serious back-ups, leaks, and other unpleasantness, so it’s a good idea to be proactive about making sure your plumbing is sound.

3. Upgrade Your Water Heater

Most twenty-first century property owners understand the importance of energy efficiency when it comes to AC and heating systems, but did you know that energy efficiency is also a plumbing issue?

Many components of residential and commercial plumbing systems rely on energy to heat water, but in the case of older properties, these water heaters may not have been updated in years.

This is why it’s a good idea to look into the best water heater repair Chicago can offer, or replace your water heater outright.

Striking the right balance around upgrading and maintenance is important for successful real estate investment, so if you’re looking to maximize the value of your properties this summer, don’t forget these three essential tips.