How Home Improvement Can Add to Your Property’s Value

Despite the popularity of DIY TV shows, most Americans do not feel comfortable undertaking certain home improvement projects.According to a survey by Home Depot, four out of five homeowners hire a professional for their projects, even for preliminary tasks like estimating concrete. In addition, 51% of homeowners hired a licensed tradesman or construction manager. Only 20% of homeowners hire a professional designer. Although Americans love watching DIY home improvement shows, most do not feel that they are knowledgeable enough or have the time for certain projects.

A typical room will add 1% to 3% to a house’s overall value. Meanwhile, exterior improvements can add up to 2% to 5% to a house’s value. The return on investment is typically in the range of 80 to 90 percent after a year. If you can wait longer to sell the property, the investment will grow even more. However, you should always plan to incur some costs if you do not have much money to invest.

Although kitchens and bathrooms are among the most unsightly parts of the house, they are also some of the most difficult. However, by choosing a paint color that matches your house’s interior, you can make these rooms look brand new again. You can also consider replacing doorknobs and installing a new boiler. Carpeting and flooring are also relatively easy to change. A new kitchen and bathroom will boost your property’s value and sell faster.

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