Whether you are considering selling your home in the near future or you have no specific plans to sell and move but know that your home is your biggest asset and you want to build it, there are a number of steps you should take to add value to it. You do not need to be a skilled handyman, you just need to have a can-do attitude, a willingness to spend when necessary, and some time to put into upgrading your home. For some of the below projects you will need to hire a professional, but many can be done by an amateur with a willingness to try something new. Below are some great money saving home improvement projects that will add value to your home.
#1 – Close up all of the cracks and other leaks. Every place in your home where there is a crack between the walls, around windows, and in other places, you are losing air. Either you are losing the hot air in the winter or the cool air in the summer, and you are losing money at the same time. Placing a good seal around your doors and windows – or getting new, better insulated ones – and installing insulation in places like your attic and your basement, you will keep your house comfortable year round. Caulking and weatherstripping are easy costs less than $30 per window or door. A report in Remodeling Magazine in 2013 says that replacing your entry door can bring you an 86 percent return on investment and a vinyl windows will bring in a 71 percent return. It’s a good deal!
#2 – Paint all of the rooms. Painting a room makes a huge difference in its appearance. A bright new coat of paint can make a room feel much larger and more spacious. Using warm, light colors makes a room feel bigger, so avoid the darker hues that make a room feel smaller, especially if you live in a small home. A gallon of paint costs around $30, but the impact it has on a room is immeasurable. Choose eco-friendly paint brands so that you do not pollute the environment or your home.
#3 – Buy new, high efficiency appliances. If you are considering getting new appliances, there has never been a better time. There are a lot of high efficiency models on the market that will save you money on your energy and water bills. Whether you need a new fridge, air conditioner, washing machine and dryer, or anything else that plugs into a socket, look for a high efficiency model. Make sure you are choosing the right model for your home, though. A single adult needs a different fridge than a family of four. Though this requires spending some money at the outset, it is a worthwhile investment.
#4 – Fix structural problems and clean out your gutters. Water can do a lot of damage to a home, so be sure you are fixing all of your leaks and dealing with other issues, including cleaning your gutter. According to Lifehacker, “A few leaves and twigs in your gutter don’t sound that dangerous, but gutters are the first line of defense against: water problems in your basement, cracked foundations, rotten wood fascia, leaking roods, wood-destroying insects, and other serious problems. So, first, clear the gutters or have a handyperson do it for you, and install gutter guards to prevent future water damage.” Then take a stroll around the house and search for cracks in the foundation, mold and mildew, loose shingles, and anything else that needs to be repaired. Bring some binoculars to check the roof.
#5 – Redo your outdoor patio or backyard. If you have outdoor space, then you should be sure to keep it in good condition. Not only will it be more enjoyable for you to have a nice outdoor area, but it will also increase the value of your home. Put away any extraneous items like rakes and toys. Refinish a wooden deck with polish. Invest in some new outdoor furniture and decorate with lights and potted plants. Guests and potential buyers alike will be impressed with your newly renovated backyard. It does not cost a lot of money to make these improvements but it will substantially increase you much money you can make when selling your home, especially if it’s for sale during the spring or summer.
Jennifer D’Angelo loves to write about home improvement projects and frugal living tips. When Jennifer is not writing for Right Residential Real Estate, she spends her free time cutting coupons and searching online for deals and money saving tips.