Raise Your Home’s Value with Cost Effective DIY Projects
When it comes to raising the value of your home there are some easy DIY projects that can be both cost effective and visually appealing. Every homeowner wants to boost their value, but elaborate upgrades can be time consuming, not to mention they can cost you thousands of dollars. Here are some practical projects that pay off:
According to a 2014 study done by the American Society of Landscape Artists, a patio expands your living space. Plus, terraces, patios, and decks topped the list of most-popular outdoor structures. It might seem like a big task to take on, but adding that small patio (or large depending on your budget) is going to raise the value of your home.
It’s not surprising that first impressions are the main selling point for any homebuyer. That’s why ensuring that the front door is attractive can make things more inviting for everyone. A new front door is one of the best value-adding upgrades you can do. According to the “2014 Cost vs. Value Report“, a new steel entry door can recoup almost 100% at resale.
Almost always disregarded, outdoor lighting makes a world of difference. Putting in fixtures along the pathway to your front door or along the home can prove to be modern, while giving a sense of comfort for future homebuyers. Landscape economist John Harris claims that good landscaping can amount to as much as 28% of a home’s overall value. By adding shrubbery and lighting is inexpensive, also it can be a fun outdoor project.
Lastly, the “2014 Cost vs Value Report” suggests that a basement remodel can recoup 78% of your costs. Tackling that basement can be a lot of work, along with the money there are ways around both. Having a finished basement is one thing, but having a remodeled one is different. Make it a comfortable place where people would want to spend some time. Easy additions like carpet, decorations, and painted walls, are extremely effective.
Follow these cost effective, value gaining ideas to use on your current home. After all, the average homeowner usually lives there for about five years, so you always want to be able to resell.