Several do it yourself projects can help to add value to your home. These projects, while relatively simple to complete, will increase the cosmetic appearance of your house, thereby increasing the home’s value. If you do not have cash to hand, consider taking out a loan to pay for these 5 best DIY home improvement projects.
Many banks offer secured loans for these projects that use the equity in your home as collateral for the loan. Always make sure that you have the ability to pay back the secured loan, however, as lenders can foreclose on the home should you fail to make payments according to the terms of the loan agreement.
Additionally, many home improvement stores offer unsecured revolving lines of credit that you can use to finance these projects. Unlike a secured loan, a revolving line of credit functions like a credit card, with a credit limit. An unsecured loan does not require any type of collateral but typically does require an applicant to have good credit.
While relatively simple to complete, landscaping helps to improve the curb appeal of the home. In most cases, landscaping is the first attribute of your home that a prospective buyer will see upon arrival. Therefore, landscaping can create a lasting impression that can significantly increase the value of your home.
Window coverings add depth to rooms within the house and help to increase your home’s value. Additionally, window coverings will soften the appearance of older, out-of-date windows. Adding window coverings is also a much less expensive and complicated DIY project than replacing the actual windows.
Painting the interior and exterior of your home is a DIY project that can help to restore the appearance of the home. Old, worn paint is not only an eyesore but can also potentially reduce the value of your home. Use neutral colors that will please everyone. While painting the entire interior and exterior of your home may take a substantial amount of time, this DIY project is simple and inexpensive to complete.
This DIY home project includes replacing your kitchen’s cabinets, countertops and appliances. While typically considered an expensive home improvement process, a kitchen remodel will increase the value of your home. If you do not have the funds available to purchase the materials for this project, consider taking out a secured loan on your home to pay for the kitchen remodel.
Upgrading the lighting in your home can improve the appearance of the home’s interior. First, replace old, unsightly light fixtures with new fixtures that complement the style of the house. Additionally, consider adding lights that mimic the effects of natural light within the home’s interior.