Did you know that some items inside your home can also be considered great investments? When you hear of investments, you most likely think of finances, banks, stocks, bonds, or other means to grow your wealth.
However, investment is not just about wealth or money. In fact, the Cambridge Dictionary defines investment as the “act of putting money, effort, time, etc. into something to make a profit or get an advantage, or the money, effort, time, etc." The result is not just financial, but could also be anything advantageous for you.
Most homeowners like you do not think about the investment potential of kitchenware or room decor during purchase, but you may find it delightful to discover how some of your possessions can be truly valuable in a non-traditional sense.
Household items are composed of items that play a crucial role in defining your living space's functionality, comfort, and aesthetics. This may include but is not limited to your home furnishings, appliances, and electronics. These goods collectively shape the character of your home and provide a purpose in your household.
The sections below showcase seven common household items that you would not have thought to be a good investment for you and your home.
Why Invest In Household Items?
Investing in household items is crucial for establishing a comfortable and functional living space. Here are some additional benefits of purchasing quality household pieces.
Improve Comfort and Well-Being
A sofa is a common piece that adorns every homeowner’s living room. Step into your bedroom and you will surely find a bed meant for you to relax your weary body. Imagine what happens when your bed’s mattress starts to sag and your sofa develops indentations; will you still feel the same level of comfort?
Of course not! You will likely complain of back pain or a restless night. This demonstrates how the cost associated with the sofa or bed you bought serves as a good investment toward your overall comfort.
Save Money in the Long Run
While you typically shell out a larger sum when you purchase a new household, investing in good quality items actually saves you money in the long run. High-quality pieces typically have a longer lifespan which decreases the need for repairs or frequent replacements.
Save Time Through Smart Investments
With the invention of smart technology, some of your household chores could be automated. For example, a smart sprinkler system automates the watering of your lawn or garden – all you have to do is adjust your watering schedule once or twice a week.
Though it seems like an easy task, the time you save in cutting back on that chore can be used towards other personal endeavours.
7 Household Items You Should Invest In
Below are several household items that elevate your living space and simplify your daily life. Carefully selected for their smart technologies and enduring quality, these belongings have the potential to transform your home experience.
1. High-Quality Mattress
It could be argued that no other item in your home is as useful as your bed, given your daily average of six to eight hours spent sleeping.
A good-quality mattress in the UK can cost between £300 and £2,043, a wise choice if you consider splurging on household investment. Besides the comfort it provides from improved quality sleep, better materials and construction give you better durability, as noted by The Bed Consultant.
Before buying your mattress, consider your sleeping position as that will influence what type of mattress you need.
According to Sleep Foundation, side sleepers typically benefit from medium-soft to medium-firm mattresses that provide cushioning for pressure points. In contrast, back and stomach sleepers are better suited to medium firm to firm mattresses that offer minimal contouring.
2. Smart Thermostat
According to the finance information website Money Savings Expert, smart thermostats are internet-connected devices that allow you to manage your home's heating and cooling systems remotely. In the UK, a smart thermostat can cost between £100 and £250, while professional installation can cost from £30 - £80, though smart thermostats can be easily installed yourself.
While these are more expensive than regular thermostats, they do help in reducing your electricity bill.
A piece of advice when selecting the ideal smart thermostat for your home: focus on those with geofencing technology which can automatically adapt settings according to your location for energy conservation, as highlighted in a computer magazine, PCMag.
3. Premium Cookware Set
Good cookware elevates your culinary experience. Investing in pans or kitchenware significantly enhances your overall enjoyment of the cooking process. While a decent set of cookware that costs between £150 to £300 can last you 3 to 5 years (more with careful handling and cleaning), premium cookware sets that costs around £500 to £1000 can last you for many years, even decades, with proper care.
As noted by the kitchenware brand Aviasworld, tri-ply stainless steel cookware exemplifies efficient heat distribution across the cooking surface, reducing hot spots and ensuring even cooking throughout.
That being said, choosing cookware made from high-quality materials is crucial, as it directly impacts cooking performance and durability.
4. Art Collection
Aside from filling up your space with functional items, an art collection also gives you a medium to express your creativity.
On top of that, the value of paintings, sculptures, and other pieces from well-known artists can also be appreciated over time, giving you an additional form of lucrative investment.
When selecting art for your home, it is important to think beyond aesthetics and consider its investment value. The modern art gallery MoMAA recommends diversifying your collection by incorporating a range of art forms, including paintings, sculptures, photographs, prints, and other media.
This approach helps spread risk, ensuring that the performance of a single category doesn’t disproportionately affect your entire portfolio.
You can also read more on what artworks and other collectables to add to your home in our article The Best Collectables To Add In Your Investment Portfolio.
5. Security Camera System
Security cameras are now an essential part of every home. According to the security system provider, Ajax Systems, these devices were designed to help block unauthorised access to your property and monitor your home remotely. Thus, giving you peace of mind especially when you are away from home.
For added safety, consider connecting your smoke detector to your security system. AMCO Security highlights that this integration allows your alarm to function as an intruder detection system and a fire alarm.
6. Comfortable Chairs or Recliners
A relaxing spot is a definite must for your home. Did you know that a comfy chair could potentially boost your creativity by alleviating stress? It also helps you concentrate by providing essential back support during extended working hours.
Despite the wide variety of desk chairs accessible in the market, your consideration should be comfort over appearance. While recliners and chairs from lesser known brands costs around £500 to £800 and last 3 to 5 years depending on care and handling, premium recliners and chairs can easily cost around £1000 to £3000 and last 5 to 10 years.
When choosing a recliner or chair, consider the chair’s material, contour, adjustability, seat height, tilt tension, and armrest height. If you must, you could even consider having one customised to your body size and personal preferences. These factors will ensure that your investment benefits you long term.
7. Air Purifiers
If you have hay fever or have several pets on your property, a high-quality air purifier is also a good investment for you. Air purifiers cleanse the air by trapping pollutant particles like dust, pollen, or pet dander pollen. It also rids the air of the smell of smoke or unwanted odours.
Did you know that your home’s scent affects you psychologically? The sense of smell can trigger certain emotions and memories, and you will for sure benefit by having a home that makes you feel happy and reminds you of positive memories.
Before You Purchase New Home Pieces
Before purchasing new home pieces, it's essential to consider the quality of the items to ensure long-lasting value.
In this section, we will cover key aspects that help make informed decisions when selecting the perfect additions to your home.
Focus on the Home Item’s Quality
An item’s durability and superior performance make it a wise investment, as this lessens the need for frequent repairs and replacements.
Stay Informed About Smart Technology
Staying up to date on the developments in smart home tech is essential to understanding the benefits and convenience it offers every day. This not only assists in making informed decisions but also prevents unnecessary expenses with appliances that may be unsuitable for your home.
Read Reviews From Other Homeowners
Selecting the best household item can become challenging given the variety of available options. Reading reviews facilitate making well-informed decisions as it provides collective information for users.
Feedback sets your expectations based on experiences from other consumers. It also prevents you from making unnecessary expenses on items that may be unsuitable for your home.
Elevate Your Living Space Today
In conclusion, the decision to invest in specific household items is a strategic choice that goes beyond immediate costs.
The seven items mentioned above offer ways to enhance your living space and improve daily activities by prioritising comfort, efficiency, and the overall health of your home.
By focusing on these items, you can create a more pleasant and practical environment while establishing a sustainable and comfortable home in the future.
Household Investment: Frequently Asked Questions
1. What are some examples of household items?
Household goods include everyday essentials like furniture, kitchen appliances, decor, cleaning supplies, and personal care items, which contribute to the functionality and comfort of a home.
2. Why should I consider investing in household items?
It ensures a comfortable and functional living space. Quality home essentials also enhance daily experiences, provide long-term durability, and contribute to the aesthetic appeal of your home.
3. Is it advisable to invest in smart home technology?
Yes, embracing smart home technology offers many advantages, including heightened efficiency, enhanced convenience, and improved security within your home.
Catalogue Your Household Items with MyAssets
Managing your household items can become overwhelming as their numbers increase. However, with tools like MyAssets, you can efficiently organise and keep track of your possessions, making it easier to maintain an accurate inventory and quickly access important information about each item.
Protect your valuable possessions, from high-quality furniture to cutting-edge appliances, by documenting their location and date of purchase.
With MyAssets, you can securely store important documents such as warranties and receipts, ensuring they are easily accessible whenever you need them.
Experience peace of mind and efficiency as MyAssets provides you with a comprehensive platform that allows you to streamline monitoring, organising, and managing your assets in one place.
Register today and take the first step toward transforming your home into a more comfortable, efficient, and enjoyable space.
The platform can be explored in detail at app.myassets.com.
