Adding Value to
Your Home
Overview:
Home improvement has been the primary method of adding value in your
home. Homeowners believe DIY home improvements offer the best method
of adding value to a property than leaving the value open to market
forces alone. A better way to add value to your home can be realized
if the home improvements are DIY home improvements rather than
contracting them out.
When performing DIY improvements to increase the value of your
property, be careful that you don’t over due it. You must be very
carefully of excessive home remodeling costs and designs that are
out of balance with your homes basic design to avoid an expensive
DIY disaster. Some of the best DIY homes remodeling projects in
terms of return on your investment are listed below.
Loft conversion:
A loft conversion can be a major project, and can cost several
thousand dollars. However, it can also be one of the most cost
effective ways to add space and value to your home. Avoid financial
disaster by getting real estimated prices and have a complete
remodeling plan before you start.
Update your kitchen:
Installing a new kitchen can be a very expensive home improvement
project, many thousand dollars. Don’t overdo a kitchen update.
Choose the appropriate level for the value of your home. Remembering
there are inexpensive ways to revamp a kitchen such as re-facing the
kitchen cabinets which will cut costs dramatically.
Painting and redecorating:
A fresh coat of paint,
inside and outside can make a home look like new. If you have wall
paper it probably is out of date in terms of style and material.
Replace outdated wallpaper with current styles and material. To be
the most effective keep colors natural. Remember, dark and large
flowery wall paper patterns have been out of date for a long-long
time. Replace it with a more conservative patter.
Adding home additions:
Adding additions can greatly increase the living space and the
values of your home but don’t overdo it. Check the selling price of
homes in your area with extra accommodations so you can be realistic
about how much you should spend on an addition. You should keep home
addition plans in line with the style of the home, size of plot and
the market values of homes in your area.
Get energy efficiency:
Fuel efficiency and energy saving measures are real winners as
energy conservation becomes more important. Being energy efficient
will reduce heating costs and improve a home's energy efficiency
rating, saving you money as energy costs increase. Remember, there
are tax credits available up to $1500 a year for energy efficiency
home improvements.
Freshen up your garden:
Freshen up and spruce up your flower gardens with new shrubs and
flowers. I recommend staying
with annuals as much as possible to reduce freshen up cost every
spring. Avoid putting in objects such as statues that some home
buyers might find tacky.
Improve home security:
Installing a modern home security system is a great way to add value to
your home. A security system provides security comfort to homeowners
and is a good investment.
DIY home improvement projects are great for adding equity value to
your home, but a poor design or an overpriced home improvement is
not cost effective. Keep your home remodeling plans in balanced with
the market value of home in your neighborhood.
Related articles:
Building Home Equity
Easy DIY
Home Improvement Projects
Discount Home Improvement Supply Centers
Home Improvement Tax Credit