Profit can be defined as a financial benefit (revenue) that exceeds costs. Earning a profit when selling your home usually involves finding ways to increase its value, and one of the best ways to do this is to conduct DIY home improvements. Many affordable DIY home improvement projects involve little expense yet disproportionately increase the value of your home.
Adding value to your home can be a manageable investment and need not require the services of an expert. You can save money in the long run by doing minor repairs or DIY renovations to your home. Those new to DIY can start with simple, low-cost projects, while those with more experience can do more complex, high-reward ones.
Here are some DIY home improvement projects and renovations that will help you raise your home’s worth and sell it faster.
Simple Interior Home Improvement Projects
1. Repaint the walls.
A bit of effort and a few cans of paint can do wonders for walls marred by scrapes, an out-of-date color, or faded wallpaper. It’s best to use a color scheme that is as neutral as possible as this will help potential buyers visualize themselves in the area and will help in adding value to your home.
2. Update existing fixtures.
By putting more thought into the aesthetic value of the little things like switch plates, outlet covers, curtain rods, lamp fixtures, and doorknobs, you can make a big difference for a small investment. Metal switch plates and outlet covers are inexpensive yet give off an upscale aesthetic. One easy and affordable way to upgrade light fixtures and curtain rods is to spray paint them and turn them into something more refined.
3. Mount crown molding.
Incorporating crown molding into a room’s design is a simple job with noticeable aesthetic benefits. You can get molding at a hardware store, have it cut to size, and then nail it to the top of your wall. In some cases, these accent strips may even be pre-painted. Although it takes some woodworking knowledge and the correct equipment, crown molding installation is one of the most affordable home improvement projects.
4. Upgrade your window treatments.
The flimsy paper shades, aluminum horizontal blinds, or plastic vertical blinds that come with your house likely do not increase its worth. You may swap them with plantation shutters, wooden blinds, or elegant curtains.
Easy DIY Home Improvement Ideas for Your Kitchen
1. Stain or paint kitchen cabinets.
Another comparatively inexpensive way to increase the value of your home is to replace fixtures such as the cabinets. You can buy and install prefabricated cabinets or, better yet, spray paint or stain them. Painting or staining is the less expensive option, but if you choose this option, make sure to use a light color. Light-colored cabinets brighten a kitchen, never go out of style, and can easily be repainted by a new owner.
2. Replace outdated knobs and handles on cabinets and drawers.
A cabinet doorknob may seem like a minor item, but it can drastically alter the aesthetics of your kitchen. Even if your cabinets, drawers, and doors remain the same, updating the doorknobs, cabinet handles, and drawer handles can give your kitchen a newer look and increase its aesthetic appeal.
Basic Bathroom Upgrades
1. Increase your space-saving storage.
Having enough storage space is a must-have in today’s homes, but it’s common for bathrooms to fall short. A simple DIY bathroom cabinet addition or a set of floating shelves is one of the best home improvements to increase home value. It is an easy and inexpensive method to solve storage problems.
2. Replace the bathroom fixtures.
An easy and low-cost way to update the look of your bathroom is to install new fixtures for your sinks and bathtub. Prospective buyers will always appreciate brand-new fixtures.
3. Update the tiles in the bathroom.
If your bathroom floor is damaged or looks worn, installing a new one will give your bathroom a fresh look. In doing so, you may simultaneously increase your home’s worth and do something nice for the new homeowners.
Practical Exterior Home Improvements
1. Update your front door.
A standard steel entry door costs around $100, but for an additional $100-$200, you can buy a door with a lot more character and boost the value of your home. However, if you don’t have the money for a brand-new door, a coat of paint in a complementary color can make a world of difference.
2. Check and clean your gutters.
Checking and cleaning your gutters is an important but low-yielding chore that has more to do with preserving than enhancing your home’s worth. If you don’t have working gutters to direct the water away from your house, moisture can build up and, over time, damage the structural integrity of your home.
3. Upgrade and spruce up your landscaping.
Brighten up the exterior of your home with some plants and flowers. Bring more attention to your property by planting trees and shrubs in the front yard and along the walkways leading up to it. Choose perennials, which return year after year, rather than annuals, which only last for one growing season. Complete your yard makeover by replacing any patches of dead grass with new sod.
Even though a major makeover can increase your home’s value, you don’t have to go into debt or spend all your money on it. DIY home improvement projects like painting, replacing fixtures, and cleaning your exterior don’t cost much money but can significantly increase your home’s market value.
Boost your home’s value and maximize your investment with Cedar Home Loans.
Implementing a handful of the DIY home improvement suggestions mentioned here will help you maximize the value of your property. And with the expertise of Cedar Home Loans, one of the most trusted Keystone home loans company, every process you undertake will be well-guided and professionally assisted.
Call us now to find out how we can help you with DIY home improvement and increase the value of your home.