When it comes to increasing the value of your home, it pays to think outside the box. While curb appeal is important, there are other ways to build equity in your home that don't involve expensive landscaping. From small DIY projects to larger renovations, there are plenty of ways to add value to your home and increase your return on investment. When it comes to the exterior of your home, Money Crashers recommends keeping it simple.
A well-maintained lawn and some well-tied shrubs or small trees can go a long way towards increasing the value of your home. Going overboard with gardening won't necessarily add value, so it's best to keep it simple and tasteful. Inside the home, there are plenty of projects that can help you build equity. Installing molding around the top of walls is an easy and affordable way to give any room a more polished look.
Buy the molding at a home improvement store, cut it to size (or have the store cut it for you) and attach it with a nail gun. Stairs can also be a great way to add value to your home. Replacing old stairs with new ones can make a huge difference in the look and feel of your home. With the heights involved, this may not be a DIY task for everyone, but even if you have to hire someone else to do the work, it's still quite affordable when it comes to home improvements. Updating your kitchen is another great way to build equity in your home.
Replacing old appliances with new energy-efficient models can help you save money on energy bills while also increasing the value of your home. Installing new countertops and cabinets can also make a big difference in the look and feel of your kitchen. No matter what type of project you decide to take on, it's important to remember that any improvements you make should be done with an eye towards increasing the value of your home. Investing in quality materials and hiring experienced professionals will help ensure that you get the most out of your investment.
