Home improvement projects can add value to your house, but you don’t have to give it a complete overhaul to improve its appearance and comfort. Small improvements like painting, replacing light fixtures and re-grouting tile can make a big difference without spending much money or time. Even simple landscaping projects can boost your curb appeal.
The best way to increase your home’s resale value is to focus on its outdoor space, according to Remodeling magazine’s latest Cost vs. Value Report. Simple things, such as mowing your lawn, adding perennial flowers and power washing your exterior can really do the trick. Other outdoor projects, such as installing a wood deck or building a fence, can also significantly boost your property’s value.
Inside your home, the most valuable improvement project is a sparkling bathroom. It’s an easy, inexpensive way to add a major upgrade that buyers will notice and appreciate. Other popular bathroom upgrades include installing a new tub, toilet and sink or vanity.
Other high-impact, low-effort home improvement projects that you can DIY include painting and organizing storage spaces. Adding more custom touches to your home’s features can really pay off, such as adding decorative molding and trim around windows or doors. Replacing builder-basic outlet covers and light switches with more stylish ones can really make your home stand out. Reorganizing your garage and transforming it into a workshop can also be a huge benefit when it’s time to sell.
There are some home improvements that should be avoided, though. For example, luxury updates to the master suite may not be a good investment if you plan to sell your house. Custom additions, such as a lounge area, custom built-ins or a fireplace, can be too personal for prospective buyers and won’t add much value to your home.
Other large home improvement projects that aren’t a good idea include converting the attic or basement into a bedroom or living space. While these can add livable square footage to your house, they won’t necessarily be useful for all future homeowners and will be a turnoff for many families.