With low interest rates, and the lowest inventory of homes for sale in years, it?s no wonder that the housing market is starting to rebound?at least in terms of home values.? When I first purchased my home over 2 years ago I was beginning to worry because every sale seemed to be the result of a foreclosure or bank owned property.? This past summer has shown am amazing bounce back in pricing as owner occupied homes are once again being snatched up.? So as I ponder the idea of selling my home over the next few years, I am left questioning of what home improvement projects I should be undertaking, if any.? After all, you often only get a fraction on the return from your investment, and depending on the project you may not see much of a return at all.? If you are considering selling in the next five years or so, here are some DIY projects that you can enjoy in the meantime, and get a good return on when you sell.
Outdoor patios and decks are pretty commonplace, yet many home builders forgo the time and expense to equip homes with them.? Often times the homeowner is left with the responsibility of adding this feature.? With a little bit of skill and knowledge you can stop by your local hardware or home improvement store for the necessary tools and supplies to build your own.? Once you pound a few nails in a few boards, do some staining and painting, you?ll have a lovely masterpiece that should bring a handsome return when you sell.
I am not a very skilled carpenter, but even I can handle paining the interior of a home.? There are youtube videos galore on the subject, and often times people have friends and family that are at least semi-knowledgeable in this arena.? A few cans of a paint doesn?t cost very much, but it can brighten up your home drastically.? Not to mention that value it adds when it comes time to stage your home for potential buyers.
Sunrooms and conservatories are another great feature to any home.? Whether you live in a warm or cool climate, an open airy room that is temperature controlled can add significant value to any home.? This is equivalent to an enclosed patio.? You can enjoy the sun, protect your furniture, and enjoy it throughout every season.? If you are interested and want to price them out, you can check http://www.centuriondiyconservatories.com/ for more information.
Regardless of the project, of when you sell your home, simply make sure that you always consider both the tangible as well as intangible return on your investment.
Source: http://www.makemoneymakecents.com/2012/08/29/diy-projects-for-improving-your-home.html
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