What Are the Best Home DIY Projects for Increasing Property Value?

You may be considering revamping your home, either for an aesthetic upgrade or to increase its market value. However, not all improvements will yield the desired hike in your property’s value. This article aims to guide you on the best DIY projects that can significantly increase the value of your home.

The Impact of Home Improvements on Property Value

Before you pull out that paintbrush or start browsing for new kitchen cabinets, it’s crucial to understand how home improvements can impact your property’s value. Typically, certain improvements may drastically increase your house’s value, while others may not offer a significant return on investment (ROI).

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Several studies, including one by Bankrate, found that smaller, more focused projects tend to provide a higher ROI than larger renovations. According to their findings, painting the interior of your house, for example, can help you recoup up to 107 percent of the cost.

Troy Segal, a renowned realtor, states that buyers are often more attracted to homes that appear well-maintained and updated. By choosing the right DIY projects, you can make your house more appealing to potential buyers, thereby increasing its overall value.

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DIY Project: Kitchen Remodeling

The kitchen is often considered the heart of the home. It’s where meals are prepared, where families gather, and often plays a central role in entertaining guests. Unsurprisingly, a well-designed and functional kitchen can significantly increase a home’s value.

A minor kitchen remodel can yield an ROI of about 81 percent, according to the Remodeling 2020 Cost vs. Value Report. However, you don’t have to spend a fortune on an all-new kitchen to increase your home’s value. Simple DIY projects like painting kitchen cabinets, replacing old appliances with energy-efficient ones, or adding a stylish backsplash can significantly uplift your kitchen’s overall look and feel.

DIY Project: Interior Painting

Interior painting is another DIY project that can help increase your home’s value. A fresh coat of paint can transform a room, making it look clean and updated. This is one of the most cost-effective improvements you can make, and it will likely yield a high ROI.

While the average cost of a professional paint job can range from $200 to $800 per room, doing it yourself will typically cost only a fraction of that amount. You might want to consider neutral colors like white, gray, or beige, as they appeal to the majority of buyers.

DIY Project: Energy-Efficient Improvements

In this era of heightened environmental awareness, energy-efficient homes are becoming increasingly desirable. More and more buyers are willing to pay a premium for homes that will help them save on utility bills and reduce their carbon footprint.

Some energy-efficiency projects you can undertake include sealing all windows and doors to prevent heat loss, installing a smart thermostat, or replacing your old appliances with Energy Star-rated models. While these may not be the most glamorous projects, they can boost your home’s value by up to 5 percent, according to the U.S. Department of Energy.

DIY Project: Landscaping Improvements

Finally, don’t underestimate the power of curb appeal. A recent study by the National Association of Realtors and the National Association of Landscape Professionals found that standard lawn care services could recoup 267 percent of their cost at the sale of the home.

Landscaping improvements can range from a simple lawn mowing and shrub trimming to more involved projects like adding a patio or a deck. A well-maintained and visually appealing landscape not only adds to your home’s aesthetic appeal but can also significantly increase its market value.

In conclusion, with some time, effort, and a strategic approach, you can effectively increase your home’s value with these DIY projects. Remember that the key is to focus on projects that will appeal to the majority of buyers and provide a good return on investment.

DIY Project: Front Door and Garage Door Replacement

Your front door makes the first impression on potential buyers. Troy Segal highlights that a stylish and sturdy front door can significantly enhance the curb appeal of your house. In addition, replacing or repainting your front door can increase your home’s resale value. According to the Remodeling 2020 Cost vs. Value Report, a steel door replacement recoups about 74.9 percent of the cost, making it a worthwhile investment.

Similarly, a garage door replacement can also yield a high return. As per the same report, homeowners recoup an average of 94.5 percent of the cost upon selling their home. A new garage door not only improves the aesthetic appeal of your house but also contributes to energy efficiency if it is well-insulated.

You could undertake these projects yourself if you are handy and have the right tools. However, considering the complexity of the work and the safety issues involved, it might be best to hire a professional. In this case, the average cost may vary depending on the quality of materials and the complexity of the installation.

DIY Project: Bathroom Remodeling

Bathrooms play a crucial role in determining a home’s value. Troy Segal confirms that buyers are especially interested in modern, updated bathrooms. A well-executed bathroom remodel can increase your home’s resale value, with the potential to recoup around 64 percent of the cost, according to the Remodeling 2020 Cost vs. Value Report.

You don’t need to undertake a full remodel to make your bathroom more appealing. Simple improvements like re-caulking the tub, replacing the showerhead, or installing a new vanity can make a significant difference. Even a thorough cleaning, removing any marks or stains, can enhance your bathroom’s appeal.

Don’t forget about water efficiency. Low-flow showerheads, faucets, and toilets not only conserve water but also attract buyers who are conscious about their environmental impact and long-term utility bills.

Conclusion: Connect with Troy Segal and Start your DIY Journey

Increasing your home value through DIY projects isn’t just about the money; it’s about creating a space that reflects your tastes and meets your needs. By focusing on projects that enhance both function and aesthetics, you can add value to your home and enjoy living in it until you’re ready to sell.

Remember, home improvements aren’t just about the immediate resale value. They can also play a significant role in your home equity, impacting your financial future. So, connect with a real estate expert like Troy Segal, follow the family handyman’s advice, and get started on the journey to enhance your home’s value today.

The potential return on investment you can get from these DIY projects greatly outweighs the average cost. From sprucing up the front door to adding energy-efficient features, these improvements will not only help you recoup costs but also appeal to a broad range of potential buyers. Remember, it’s not just about how much you spend, but how wisely you invest that will truly make a difference.