Water is an essential commodity for drinking and many household chores, like farming, cleaning, washing, and industrial purposes. With the growing problem of water scarcity, governments are raising awareness of the importance of water conservation practices. The increase in extreme droughts is forcing property owners to accept the idea of installing water tanks on their property as a necessity.
Installing a water tank not only benefits homes in the rural areas but those in the city too. Its benefits include ensuring a steady supply of water, an effective way of storing water, helping protect the environment, no water restrictions, and lastly, it helps boost property value. In this post, we’re going to discuss how water tanks increase your property’s value.
- Managing Your Water Bill
A simple way to increase your property’s value is by decreasing or managing your expenses. One way to decrease your expenses is to reduce your monthly utility expenses like water bills. Installing a water tank helps you collect rainwater that can be used for many purposes such as laundry, watering lawns and gardens, filling up swimming pools, washing cars, and even for drinking if properly treated. Using free rainwater to carry out your chores significantly reduces your water bill, thus boosting your property value.
This is more beneficial when you have a large water tank, like tanks with capacities of 5,000 liters and above. This may lower your water bill to almost zero. A reduction in utility bills is also highly appreciated by prospective buyers, giving you the negotiating power to sell your property for a top dollar. If you haven’t installed a tank on your property, you’re missing out on a lot. You may want to check out watertankfactory.com.au/complete-water-tank-range/ to secure a durable tank.
- Maintaining Your Lawn
A well-kept lawn is one of the exterior improvements that help boost the value and curb appeal of your property. It’s a quick, no-brainer, and cheaper investment with high property value returns. According to real estate specialists, a well-maintained lawn attracts many potential buyers—it gives your property a good impression, offers a play area for kids, and gives adults a sense of a relaxed lifestyle.
Frequent watering is one of the most important aspects of maintaining a good lawn. Rainwater tanks or water tanks storing water from other sources ensure your lawn is maintained by providing a constant supply for the lawn, even during the dry seasons or in case of water scarcity. If space to install the water tank is an issue, you can install underground water tanks under your lawn or driveways.
- Promotes Planting Of Trees
Water tanks provide a steady supply of water in any situation. This can encourage homeowners to plant trees around the property. Without an adequate water supply, young trees won’t grow to maturity, but consistent watering helps the trees grow well, making your property look amazing.
Mature trees help increase the value of your property since they are expensive to sell. They also improve air quality around the property, add privacy, create shade that facilitates enjoyable outdoor living, and, when positioned correctly, lower energy bills. However, before choosing a tree, consider the maintenance it requires. And most importantly, be mindful of how much water it needs to flourish, as you might want to use your water supply for other household needs.
- Encouraging Water Features
Water features such as small ponds, waterfalls, and scuppers not only create a calming ambiance but also boosts the value of your property. Water features add curb appeal and attract potential buyers, making them feel relaxed and comfortable enough to hang around longer to view the property. Water features make your property unique from other properties in the market, allowing you to raise your property price even higher. However, when installing a water feature, ensure it doesn’t need much maintenance as this can increase your expenses, and the higher the expenses, the lower the value of your property.
Despite their benefits, water features can’t be installed in properties without a steady water supply. That’s why you need a water tank to maintain the function and appearance of your water features.
The Bottom Line
Though expensive to install, water tanks are essential in promoting different factors that increase the value of your home. Water tanks pay themselves through reduced water bills and when the property is sold, as they increase the property’s value. Typically, a property with water tanks is valued higher than one without. So, make sure to choose a water tank that’s of good quality from a reputable company to reap the benefits for a longer time.