Home improvement is a popular pastime for many homeowners, and it can also be a great way to add value to your property. However, before you pick up your hammer and nails, it’s important to do some research into which renovations will actually increase the value of your house, and which ones may just be money pits.
A wide variety of books, TV shows, and YouTube “how-to” videos offer guidance for DIY home improvement projects. Homeowners who are willing to invest the time and effort can save a significant amount of money by completing their own projects rather than paying a contractor to do it for them.
In addition to the obvious benefits of saving on labor costs, a do-it-yourself approach to home improvements can help you learn new skills that may come in handy down the road. For example, if you’re considering installing crown molding in your home, you can purchase pre-cut strips at most home improvement stores and install them yourself. This project requires some woodworking experience, but it is relatively easy and can be done quickly.
When you hire a contractor to complete a home improvement project, be sure to get all quotes in writing. Home improvement contractors often charge different prices for the same work, and it’s essential to compare not only price but also the contractor’s reputation, experience, and ability to meet deadlines. If possible, try to find a contractor who has completed similar projects in the past for satisfied customers.
Homeowners who have the ability and desire to do some of their own home improvement work should consider renovating instead of remodeling. While most communities do not allow unlicensed homeowners to run electrical wiring or install plumbing, they may be able to take on other tasks such as painting, wallpapering, hanging new doors, and installing trim work. Renovating a kitchen or bathroom is a great way to boost a home’s resale value, and it can usually be done for about half the cost of a full remodel.
While it is tempting to turn your home into a personal oasis, remember that over-the-top additions will detract from the value of your property. Instead, focus on those upgrades that will appeal to the broadest range of potential buyers.
One of the best ways to enhance your home’s curb appeal is to keep it landscaped and well-maintained. Prune shrubs and bushes, trim trees, and spread fresh mulch around bushes and flower beds to make your house look like it’s ready for sale. A neatly mowed lawn and attractive landscaping can boost your home’s value by as much as 10 percent, according to real estate website Zillow. A professional landscaper can help you design a landscape that will complement your home and attract the most buyers. This is an investment that will pay off in the long run.