Knowhow-Now Article

Specific Home Improvement Projects That Can Increase The Homeís Equity

Truth be told, not every home improvement project will increase the homeís value. Finding a home improvement project that will return the money on the investment can be a challenge. However, there are specific projects that the homeowner can perform on their own, that will gain equity in the value of the property.

Organize the Home

Tip: Keep an eye on the major home improvement chain stores and wait for a carpet sale that includes discounted installation. To boost sales of carpeting, retailers will frequently advertise installation at rock-bottom prices.

Eliminating clutter in the basement, in the attic, or any portion of the home is a simple way to maximize the homeís equity. This is because it can reduce storage problems, and the harboring of insects. Consider purchasing organizing supplies including shelving, and plastic storage boxes to keep everything well-organized and up off the ground.

Replace the Light Bulbs

Tip: If you are considering a renovation on your home that adds a personalized aspect, think about the value and return that the investment will make. A very individualized renovation may not appeal to potential buyers, so the cost of your work may not be worth it.

While replacing light bulbs might not seem to be a great investment, it offers a phenomenal way to pay for itself and then some. Any burned out bulb can be replaced with an energy-efficient light bulb, which produces the same amount of light at much less cost. In addition, make sure that all skylights in the home are operating properly, and effectively. Remove any debris that is built up on the roof that might be blocking sunlight, to enhance the amount of direct light that enters the home for free.

Maintain the Plumbing

Tip: Avoid allowing contractors to work on your house without signing a contract. If you can, have a lawyer look over the contract before signing it.

A leaky pipe or faucet can waste a tremendous amount of money every year. While it might not seem that a simple leak that drips one time each second amounts to much, it can waste thousands of gallons of water every year. In addition, if the leaky side of the faucet is on the hot side, it is taking energy to heat the water that is dripping from the faucet or pipe. Consider fixing the plumbing leak yourself, or hiring a licensed professional to tackle the job.

Paint the Home

Tip: The first step to a kitchen or bathroom renovation is turning off the water! Find the shutoff valve before you do any work near pipes or other water supplies. These suggestions can help you prevent the flooding of your home.

Painting either the interior or exterior of the home can add significant equity to its value. Painting the exterior of the home helps protect it against the harsh environments, which can make the siding and wood trim last far longer. Likewise, painting the interior of the home minimizes airborne allergens that have attached themselves to flat services, while adding a decorative appearance to the interior of the home.

Install New Flooring

Tip: Write down all the items that you need prior to shopping from a home improvement project. Making a list of all the items you need to purchase ensures that you will not need to make multiple trips to the store and also helps to keep you organized.

Many homeowners consider the addition of new flooring to be a major home improvement project. While it is true that it is expensive, a new floor can add significant equity to the value of the house. Consider choosing a high quality flooring material including laminate, solid wood, and even tile. Having a professionally installed, or installed by a competent, educated do-it-yourself homeowner can quickly add value to the home. Choose a material that holds up well over time, especially if you plan on living in the home for decades. This will minimize the need to have additional flooring laid down in the decades to come.

These are the top home improvement projects that are known to increase the homeís equity. Many of them can be performed by the homeowner, at an affordable price.

Comments
Order by: 
Per page:
 
  • There are no comments yet
   Comment Record a video comment
 
 
 
     
Related Articles
We spend much of our time in our homes. The way our homes look affects how we feel. This article shares several interior design hacks to make you feel better in your home without spending lots of money.
12.12.2016 · From TheAuthor
The amount of equity you have in your home represents the monetary value of its worth, minus what you owe on the property. Every monthly mortgage payment reduces the amount of money that is owed, and increases the equity by at least that much. (...)
05.04.2016 · From TheAuthor
If you are planning to do some home improvement of your own, you probably want to find ideas for your project. Often it is good to emulate whatever you found pleasing in the places you have recently visited. But how to identify the subtle points and methods?
05.04.2016 · From TheAuthor
Try to turn your home into a nice place so that you will feel good in doing things while at home. Using the advice you see here, your house can become a place you can really appreciate.
05.04.2016 · From Editor
Designing your own new home's floor plan lets you see the product of your own mind transformed into an actual house. A house that you and your family can truly call home. here's how you can design the floor plan that will become the home of your dreams.
01.10.2015 · From spanglers
Ads
Article Info
302 Views
0 Subscribers
All Articles by TheAuthor
Sharing Is Good!
Rate
0 votes