Increasing the value of your home through renovations can be easier than you think. Typically, when we talk about renovations, visions of ripping out kitchen cabinets and replumbing the whole house start to dance in your head. The fact is you do not have to dump tons of money, time, or effort into renovations to add some value to your home.
There are some very simple weekend projects that can instantly upgrade your space and that come with a nice return. Try these simple renovations to raise the value of your home.
A Word About Safety
Most of the simple renovation projects can be done as DIY projects. You do want to make sure you take safety precautions before you jump in. Make sure ladders and other types of equipment are in good shape, never risk life or limb. If you need help, ask for it. About 35% of fall injuries happen around the home during a DIY attempt. Falls around the home often result in TBI (traumatic brain injuries), breaks, and sprains.
Check all the equipment you will be using before you start the projects. Never attempt roof repairs or gutter repairs when you are home alone. Stay safe.
Painting Is Easy and Comes with a Great Return
One of the simplest home renovations is purely cosmetic. Painting your home can boost the value by about $2,001. Paint is a relatively inexpensive material that can transform any room. You can expect about a 107% return on your investment.
It may be tempting to go with loud colors, but if you are focused on adding value, you should stay with a neutral palette that is pleasing to everyone. One of the keys to building value in your home is to err on the conservative side when it comes to colors.
The secret to getting professional results from a DIY paint job is to spend time doing the prep work. Fill in any holes, clear away any dust and debris, and use painters’ tape to get a crisp edge. Taking the time to prep the surface to be painted will be rewarded with a smooth glass finish that looks like you invested a lot of money to get.
The Little Things Can Have a Big Impact
Some very small renovations can have a huge impact on the value of your home. For example, a fun and easy weekend project is to add shutters to your home. You can use shutters both indoors and out. Shutters have been growing in popularity over recent years. In 2019 alone, shutters saw a rise in popularity by about 15%.
Shutters not only add charm but they are highly functional. They can be used to control the natural light coming into the room, and they are great for privacy. This feature can add value and offer a great aesthetic.
Another simple renovation that will not only perk up space but add value is to change all the hardware in the home. Start with cabinet pulls and work your way up to doorknobs and even switch plates. Changing the hardware will instantly update the home and will improve the aesthetic.
Get Outside and Get in The Yard
Landscaping is one of the must-dos when it comes to home renovations that are simple and that add a great deal of value. It is estimated that investing about $1,500 in landscaping (and some sweat equity) will provide a return of about 13%. A nicely landscaped yard improves your home’s curb appeal and adds value.
A few weekends spent working in the yard can easily parlay into adding thousands of dollars of value.
Renovations Do Not Have to Be Grand to Make a Difference
You can add value to your home without having to put yourself financially out on a limb or without causing a major disruption to your home. Simple renovations can have a profound effect on the value of your home. Roll up your sleeves and get started.
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