These days a lot of us are looking to both make money and save money whenever possible. We clip coupons, we shop around for the best rates on savings accounts, and we are constantly looking to make money either with a part time job or through investing. What most people fail to consider when it comes to increasing your net worth is improving the value of your home.
If you own your home, you would be amazed how simple it is to increase your home’s value and what’s even better is that it really doesn’t take a lot of money to do so if you do it yourself. If you don’t want to do it find a reliable contractor that will help you do it. If you don’t know of one you can sign up for Angies List (see the Angies List promo code post for a good discount) and find one there. I wanted to break down some ideas in to two groups… those that don’t cost a lot of money and those that may take a little investment.
Low Investment Improvement Projects
Paint the house. Whether it’s painting the exterior or interior of the house there are very few things that are as simple and effective as a new coat of paint. Interior walls are very simple and many of today’s paints with primer make it possible to do an entire room with just one coat. I just painted the baby’s room a couple weekends ago and it looks like a brand new room… simple and effective.
Steam-Clean The Carpets. After a while carpets collect dust, pet hair, mold and a bunch of other stuff that might make your stomach turn. Giving them a nice steam clean will make them look good as new in most cases and you don’t even need to shell out money to buy one, many stores have steam cleaners for rent for a day or two if you use a credit card (just don’t break it or they’ll charge you).
Re-arrange The Room. It may sound silly but if you’re selling your house try re-arranging your furniture in a way that takes advantage of your room’s features. This can help improve the value of your home by interesting more buyers and highlighting the selling points of your house. If nothing else re-arranging your furniture may restore your own interest in your home and make you feel better.
Clean Up Your Yard. People pay a lot of money for landscaping but aside from digging up your yard completely, none of the things that landscapers do is really that difficult that you couldn’t do them yourself. Neaten up bushes, clean up any leaves and debris , plant flowers and grass where needed. A weekend or two worth of grunt work can drastically improve your home’s value.
Improvement Projects That Require Some Investment
Install Hardwood Floors. Still don’t like your carpet? What about installing some hardwood floors? Hardwood flooring is extremely popular in today’s real estate market and they just plain look nice. Whether it’s hardwood or more eco-friendly bamboo flooring you can really turn around the look of a room by installing new floors, and if you’re handy they can even be installed without the help of a contractor that will save you quite a bit.
Update Your Heating System. If you have an old clunker of a furnace now might be a really good time to look in to a more high efficiency system. These days the cost of a new furnace are really very reasonable and they can decrease your heat bill. Not only will most new systems help save you money, but you can also take advantage of a energy efficiency tax credits up to $1,500 if your system qualifies and with this administration running the show taking advantage of tax credits is a must.
Install New Windows. In the same vein, updating your windows to high efficiency windows will help save you money on your heating bill and they improve your home’s value. Most people prefer to hire a contractor to install them but for your standard windows you could do many of them yourselves if you’re inclined. Many new windows qualify for the same energy credit mentioned above.