A few DIY improvements can help add value to your home without a major renovation. Here’s how to make it happen.
Whether you’re looking to sell your current home or prepare it for the market, adding some upgrades can make a big difference in the value of your property. And while many homeowners turn to professional contractors for the big-ticket projects, there are plenty of do-it-yourself (DIY) options that can yield high returns on your investment.
It’s important to decide what your needs are before you start working on any home improvement projects. This includes determining what features are essential to you and your family, such as a spacious kitchen or outdoor space. Once you’ve nailed down your basic needs, it’s time to consider your wants—the things that would be nice to have but wouldn’t necessarily break the bank.
Landscaping can be one of the most cost-effective ways to boost a property’s value. According to a Virginia Tech study, properties with well-kept lawns and lush gardens can command up to 12% more than those without. In addition to improving a home’s appearance, a lush garden can also reduce your utility bills by reducing the amount of energy it takes to keep a property cool and green.
Changing out dated cabinet handles or hardware is a cheap and easy way to upgrade a room’s look. For example, a matte black wrought iron finish can be transformed into something modern and trendy by replacing it with sleek nickel pulls. Another low-cost way to add flair is to create a feature wall, which can be done with board and batten, printed wallpaper or painted accents.
Replacing carpet with hardwood floors is a great way to give a room a fresh new look while adding value. But if a full-scale flooring remodel isn’t in the cards, refinishing existing carpet or installing a stair runner are cheaper alternatives.
Adding more storage is another popular DIY project that can increase the value of your property. Creating additional storage space can be as simple as adding floating shelves to a bedroom wall or as complex as converting an unused attic into an extra bedroom.