Many homebuyers choose to purchase properties that need a bit of fixing up to make them more habitable. One of the most common ways that these people choose to improve their property is through sweat equity. In other words, they put effort into their home through DIY projects rather than major overhauls.
Low-cost but high-effort home improvements can significantly increase a home's value. For example, new home owners may choose to strip wallpaper from interior walls and apply a coat of paint. Some projects involving sweat equity have a higher return, while some are better left for later days.
Tiling an entryway, for example, has a high return. Painting kitchen cabinets also is a good investment. For under $200 and a weekend's worth of work, people can easily improve their kitchen and add value to the home. On the flip side, swapping cabinets or changing out exterior doors often has a low return for the amount of work involved.
Other worthwhile projects include revamping the landscaping around a home, power washing the exterior, including gutters and walkways, and decluttering the home. If a person is selling their home, these projects can add great value and allow for a higher asking price.
If you have any questions as to which projects would offer the greatest return on your investment in both time and money, an experienced real estate agent can provide answers. While any project may make a home more appealing to the current residents, not every project is considered a good investment in time for the homeowner who is motivated to sell.