(FinancialHealth.net) – Making changes to the look or functionality of a home is a popular way to increase the value for resale, but it doesn’t always pay off. In fact, there are many costly improvements that don’t increase value enough to make it worth the expense.
These home improvement projects are worth your time. While trying to make a home better for you and your family, check out these 3 tips that could increase the value without overspending.
1. Clean Up The Exterior
Pressure washing is a low-cost home improvement job that can really brighten up the appearance of the home. This is an important task to take on from time to time considering it can help keep siding free from mold and gutters clear of debris that could cause problems down the road.
Additionally, if a sale is around the corner, the National Association of Realtors says pressure washing can increase the sale price of a home by as much as $10,000 to $15,000!
If you don’t own pressure washing equipment it can easily be rented from a nearby tool rental center or even some hardware stores. This saves even more than hiring a company to do it.
2. Tackle the Landscaping
There’s a good reason landscaping is a popular recommendation for increasing home value, it really pays off! Homeowners can expect to spend roughly $3,500 to fully landscape a front yard but can definitely spend less. Individuals who do the landscaping themselves, instead of hiring out, or tackle smaller projects can keep costs low.
Just how much can landscaping increase a home’s value? According to SF Gate, landscaping adds 5.5 to 12.7% to a house’s value. This can add up to thousands made off of a small improvement project!
3. Make a Good First Impression
Projects that add to the curb appeal of a home make great DIY projects. One low-cost option that really packs a punch is replacing the entryway door. According to Remodeling a new, steel door will set a homeowner back $1,471 and increase the home’s value by $1,344, nearly paying for itself.
Want to try something unexpected? According to Southern Living just by painting their front door black, homeowners can make as much as $6,000 more on the sale of their home.
Even if a sale isn’t on the horizon, DIY improvement projects are a great way to take care of your home and turn it into a space you love.
~Here’s to Your Financial Health!
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