Just turn on the TV, and you’ll find many DIY home improvement shows to provide great ideas to improve your home. An herb garden in the backyard, a new kitchen or an awesome game room is just an hour or two away! Well, it may take a little longer, but you may be able to enhance your home yourself.
Spending more may not equate to increasing value.
Let’s assume you want to add on to your family room and turn it into a game room. It’s a great idea that will feasibly add value to your home in the long run and provide a lot of enjoyment for your family.
What would that cost you? Will you have to add a new concrete foundation? Will you have to add to or modify your existing roof line? These serious changes may require permits from your local housing authority – adding to the cost. An addition like this may increase the value to your home, but the value may be minimal when compared to the cost of the DIY project itself.
Simple, cost-effective DIY projects can reap significant value.
Making additions that don’t add any square footage to a home, but that open up the home, could pay dividends. Removing a non-load bearing wall can open up a family room, or eliminating a narrow hallway can make a room feel larger. You can also make some adjustments to your kitchen or family room that could make them great for entertaining.
There are some simple things you can do to enhance the feel of your home: add a more substantial front door (or even consider double doors), change your rear patio door to French doors or enhance your entryway. Having an open floor plan that flows into an inviting backyard will likely add value and may be done at a relatively economical cost.
Any change that makes your home more energy efficient is a good one.
Replacing inefficient appliances, heating and air conditioning, or old windows, for modern high-efficiency alternatives could save you money down the road. You’ll likely make your home more attractive to buyers looking for an energy-efficient home when you’re ready to sell.
Cosmetic DIY projects make an immediate impact on the value of your home.
There are some cosmetic DIY projects that may add value to your home immediately:
1. Repairing and painting interior walls
2. Adding ceiling fans in place of standard lighting fixtures
3. Updating standard fixtures, such as faucets, lights, switches and cabinet handles
4. Cleaning/power-washing exterior walls and surfaces
5. Adding or upgrading exterior landscaping
These are easy changes that are likely not too expensive. Most of these projects will take some of your time, but the results will make your home look better and foreseeably add to its value.
Material is for informational purposes only and is not intended to provide legal or financial advice.