Top 10 Renovations To Improve Your Home's Value
In the global market we live in today, everyone is looking for the best way to add value and freshness to their home without throwing our valuable take-home pay away. The following is a list of some of the top 10 improvements you can make as a DIY home owner and not break the bank doing it.
10. A fresh coat of paint - This can always freshen up a home and is fairly inexpensive as well .Be sure to stay away from bold color choices though if you are looking at placing your home on the market. Some prospective buyers cannot get past those sometimes very bold personal choices that you may have made and it can be a deal breaker. Keep it simple but fresh with warm earthy color choices.
9. Install vinyl siding - Vinyl siding can really spruce up the exterior of a tired looking home in a hurry and is pretty inexpensive. There are many color choices and styles to chose from as well. You may want to consider adding some ridged styrofoam insulation under it to help keep the heat in in the winter as well, though this will usually double the cost of your project. If you are planning on staying in the home for a few more years the extra insulation and money maybe worth it.
8. Install new aluminum soffit and fascia - Most homes you see that have wood soffit and fascia are usually in desperate need of some paint! The aluminum products come in many colors and never needs painting again. This also is pretty inexpensive to do yourself.
7. Landscaping - This can be as simple as adding some flowers or decorative stone, or even a little dirty like installing underground sprinklers, no matter what you do with your landscaping you will get dirty! Depending what you do it may not add a lot of value or equity but it sure makes things look better.
6. Build a deck or patio - If your yard has the room to add a new deck or patio or maybe the old one just needs replacing this can be a nice weekend or two project.
These next 5 projects are where the most bang for you buck will be but they also will usually be larger in cost, skill and time!
5. Develop or redo a basement - This can be a costly thing, so do your research first and make sure you have plan and a budget and try to stick with both. Just blindly sticking a budget dollar amount you want to spend on the project then start building is a quick way to get in over your head. Pick a rough budget dollar amount and then research building supply prices to figure out if you can actually buy the materials that you are hoping to use. I know that seems only reasonable to most of us reading this but believe me I've seen people just start building and soon run out of money and can't finish.
4. Replace windows and doors - There are a lot of different prices out there depending where you go looking for these items so do some comparing of specifications and prices before you buy. Also most places selling windows and doors will come to your home and measure and figure out what you need for sizes, this is very important because if you give them the sizes and the item does not fit you are usually stuck with it! Many people think that when they have a larger existing window in their home that if they order a smaller one (to save money on the cost of the new one) then fill in the remaining opening that they will save....... they are wrong! (at least 8 out of 10 times) By the time you buy everything to change the opening size and build it you usually have wasted time and money and are no further ahead. Remember on a project like changing windows and doors you will usually need new interior trim as well as insulation in your budget.
3. Bathroom renovation - Its time to get rid of those leaking, chipped and dated bathroom fixtures. This can be a pretty major job and will require you to dig deep in your DIY skill set, tool bag and of course wallet. Be prepared for the sometimes drastic and modern results to possibly make this the nicest room in your house by the time you are done. Again make sure you have a plan and a reasonable budget before starting and also if this is the only toilet in your home realize that you may be without it for up to 2 weeks! Plan Ahead!
2. Changing kitchen countertops - Maybe your cabinets are OK and all you really need are new countertops. Most people right away think "GRANITE" . Well, yes it is beautiful but unless you are prepared to spend upwards of 10 - 20,000 dollars you may want to look at some of the other options. Some other options include concrete countertops, Corion countertops, Quartz countertops and plastic laminate countertops. They all have their pluses and minuses so check them out to see what fits your situation and budget.
1. Installing new kitchen cabinets - This is the big one, most stats out today say that this is usually the best way to add value to your home. It can be costly but when done well it can have big benefits when it comes time to sell and in the in-between time you can enjoy it. Depending on budget, design and materials sky is the limit on this type of reno. You can buy pre-sized cabinets right off the shelf and install them, buy semi-custom cabinets or completely custom built cabinets that fit your homes layout almost exactly with very few fillers and will be the color and sizes you need. Remember that the more customized cabinets will be built after you order so it will take usually a few weeks before you have them so keep this in mind while planning your time line for the project. If you are keeping basically the same layout you had but just getting new cabinets fine...but if the lay out is changing remember that you will likely need to move electrical, plumbing etc. so plan ahead.
As you see these projects can range drastically in DIY skill required, time and most importantly money! Be smart and plan and budget well so that you project moves smoothly and also be sure not to take on more than you are capable of completing. A good DIY person knows when and what they should hire a professional for or get a friend who is more able to do the work to help out. You can also use this web site to help you along the way. Don't forget to get your permits for any work that requires one in your area either. Good luck!