Whether you’re considering selling your home this year — or just like the idea of making a return on your investment (who wouldn’t?) — some home ROI improvements can not only make your home look better, but also increase its market value. “The value of doing a home improvement varies greatly depending on two dimensions: the value of your current home and your location,” says Beatrice de Jong, moderator and consumer trends expert at Opendoor, whose home improvement calculator can help you identify renovation and remodeling projects that may have the greatest impact on your home’s value. . “Understanding how much a project can add to resale value is the first step in determining whether the investment will pay off,” she adds. Read on for a few proven DIY projects.
Make a good first impression
“An entryway or foyer can be an incredibly important place when it comes to the value of your home, as it sets the full tone for the rest of the space,” Toronto-based interior designer tells Ali Budd. ‘Invest in beautiful tiles and great lighting. Make sure the cabinets are just as ready with a combination of hanging shelves and drawers. Usually, doors throughout the house should be consistent, except for the hallway. Seize the moment to do something special, like paneled wood, and applied molding. Great hardware.”
Beautify your outdoor space
According to de Jong, buyers can attach approximately 5% to 12% additional value to a well-maintained landscaping home. The space does not have to be large, but it should be well thought out. Budd suggests incorporating four main elements: a place to eat, a place to relax, lighting, and green spaces for both beauty and privacy. “Mature trees can be hard to come by and expensive, but even simple latticework with tangled greenery can provide a lot of privacy between homes and add a big green punch,” she says. If you have the budget, Budd also recommends installing floor lighting. “And if your budget doesn’t allow it, don’t underestimate the effect of some pretty string lights,” she says. Up front, consider installing window boxes, de Young says, “and don’t forget about your front door,” she says. “Make sure it has a fresh coat of paint and maybe even a seasonal wreath.”
Create more storage
“The feeling of calm that comes with knowing there’s a place for everything is like no other,” says Budd. “The biggest non-aesthetic question our customers ask is, will I have enough storage space?” In the living areas, freestanding cabinets with drawers allow for quick clean-up, especially for families with young children. In the kitchen, full-depth tall cabinets with pull-out shelves serve as large storage, as well as storage for dishes and small appliances. “It can also make your kitchen feel twice as large,” says Budd. I noticed one caveat: “Open shelves are display – not storage.”
Give her a fresh coat of paint
A newly painted room will look bright and fresh – and it is very easy to do it yourself. “The painter changes everything!” Says interior designer Heidi LaChapelle in Portland, Maine. “Whether it’s choosing the right shade of white or just reapplying what was there before, the paint cleans everything up instantly.” For an easy, modern approach, she suggests painting the ceiling, cladding, and walls the same color and luster. “With time and patience, even a beginner can make fresh paint work look professional,” says de Jong. “You don’t need a lot of equipment, and there are plenty of tutorials online that go into great detail. Light neutrals have the broadest appeal and add great value to a home.” Choose a quality paint if you can, because lower quality paint chips more easily and will require more coats – and don’t skip the primer!
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