Boost Your Home's Value With These Simple ProjectsSeptember 25, 2017
Here’s a tough question for homeowners. Would you rather your house be worth more or less? For those who chose the former, you’re in luck. There are plenty of things you can do to improve the value of your home, many of them simple, relatively inexpensive, and offering a great bang for the buck. In other words, any money spent on the front end has a great chance of making your home worth even more than you spent. Whether you’re looking to sell or just want to keep the old homestead from deteriorating, here are our favorite ways to boost your home’s worth without breaking the bank.
TLC for the HVAC System
A little regular tender love and care goes a long ways with a HVAC system. The first thing you should do is slap a coat of paint on the thing, but above and beyond that, get it inspected and serviced annually. Keep a list of inspections to show off to buyers. Replacing this system is a major expense and a potential buyer wants to know it’s going to last a while.
Remove the Dirt
It looks bad if your siding is soiled with mold and dirt. Worse, it literally takes value away from the structure. You might be amazed what a good power washing will do to restore a shine that is clearly visible from the curb. Don’t own a power washer? It doesn’t cost much to rent one. If you don’t mind spending a little more, there’s a good chance an enterprising fellow or gal in your town has a business that will do the hard work for you.
Cheap Curb Appeal
Now that you have the exterior of the house looking shiny, get serious about sprucing up the landscape and entrance. Specifically, get rid of weeds, mow the grass, and add potted plants to the entryway. People notice this stuff! Also consider giving the front door a new coat of paint that contrasts with the main house color. Last, invest in a new light fixture. We guarantee it’ll look better from those driving past.
If your house colors, interior or exterior, are faded, weird smelling, or hopelessly out of date, make a date with your local paint store. Many experts believe new paint is the absolute best return on investment when it comes to increasing value.
Door of Steel
We’ve already discussed the entryway, but if you want to boost security and perceived value, consider installing a steel front door. You should be able to get one for around $200, which is less than a fancy wood door, and the upgrade will recoup at least 100 percent of its cost when you decide to sell. Talk about a no-brainer.
Gain a Fortune in Cabinets
You’ll hear it said that kitchens and bathrooms are what sell a house. True that. An investment of a few hundred dollars in freshly painted cabinets in either area, with new draw pull hardware, should earn you thousands back in value. A warm grey color with silver or black hardware would be a good choice.
Show Off Your Hardwood Floor
Shame on you if you have a beautiful hardwood floor hidden beneath a ton of rugs or carpet. These kinds of floors never go out of style, so get yourself motivated to rip up that carpet and clean up that wood until it shines. There’s a good chance no refinishing will be needed.
Get Rid of the Popcorn
For about 40 years, through the 1980’s, popcorn ceilings were all the rage. The thinking was that it hid imperfections, which was true, but at a terrible cost now. These days, it literally screeches that you have an outdated house. It’s well worth the sweat equity involved in scraping the darn stuff away. If it doesn’t contain asbestos, do the work yourself and save, save, save.
The Bottom Line
The thing you should realize is that it doesn’t cost a fortune to add a lot of value to your home. While you can always go one to more complex, expensive projects, these relatively simple and cost effective efforts will pay you back more than you might realize and are an excellent place to start.
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