Home Improvement Projects Can Increase The Value Of Your Home

Home improvement projects can improve the look and value of your home dramatically. Though in some cases, using a home improvement project as a way to increase the value of your home can actually backfire and cost you money. So how will you be able to tell if the project that you have planned will add to the value of your home or decrease the value of your home?

The first thing that you need to know is the appraised value of your home. You must know the appraisal value, or estimated resale price, of your home before you can determine if a project will increase or decrease the value of your home. Although you may feel that your home is worth a certain amount of money, and that a home improvement will increase the value by X amount of dollars, your feelings will not set the final selling price, the appraisal will.

When completing a home improvement project that you believe will dramatically improve the resale value of your home, you need to consider your neighbors houses. If you have the nicest house in your neighborhood, but you are trying to sell it for twice as much as the appraisal value of other homes in the neighborhood, you will be disappointed.

A general guide is to not try to sell your home for more than 20% of what the surrounding homes will sell for. For simplicity, let us assume that the homes in your neighborhood are appraised at a value of $100,000. This would mean that you could expect to get about $120,000 out of your home if you make selective home improvements.

What this means for you as a homeowner is that you should seriously rethink any home improvement project that would cost more than $20,000 going by our above example. Using the above example, it is easy to see that a $30,000 home improvement project would cause you to lose money in the long run.

Now, if you can make a home improvement that costs very little, but results in a higher resale value, it may be a good idea to pursue that project. Going back to our example, if you can spend $5,000 on a project and this results in your home being appraised at $115,000, then it is a great investment idea.

You also want to consider the appeal that your home improvement project would have to a future owner. For example, swimming pools and hot tubs may be something that you enjoy, but would a potential buyer pay extra for those features? There are some fairly safe projects that you can pursue that other home buyers generally find valuable. Some of these include kitchen remodeling, adding or remodeling a bathroom, adding a new room, landscaping, etc.

Also keep in mind that maintenance projects do not usually result in an increased value for your home. Replacing a broken furnace or hot water heater usually will not improve the value of your home when selling it. These are considered maintenance issues that all homeowners expect the home to have working. Most people would not consider paying full price for a home that does not have these basic features in working order.

The bottom line is that if you are interested in increasing the resale value of your home you need to make smart decisions. Smart decisions on which home improvement projects to tackle can put extra money in your pocket when you sell your house.

DIY Home Improvement Project: Repainting Your Kitchen Cabinets

Hiring a contractor to help you conduct home improvement project can be costly. The professional in home improvement usually has a price standard for certain home improvements like kitchen remodeling or bathroom remodeling. Well, it is worthy to hire a contractor when you need to conduct major home improvement. However, what if you only need to repaint your kitchen cabinets? Do you also need to hire a contractor to do such work?

For minor home improvement like repainting kitchen cabinets, most people like to conduct the DIY project. This DIY project has some benefits; especially on the budget that you have to spend. When conducting DIY home improvement project, you only need to spend money for the materials needed. There is no need to pay for the worker, since you handle the project by yourself.

So, here are the steps on how you can repaint your kitchen cabinet by yourself:

1. Determine the colors that you want to use for your cabinets. It is a good idea to visualize your expected cabinet color using Corel or similar programs. Make sure that you only choose colors that you really want; thus, you can get the maximum satisfaction when the project is completed.

2. The second thing to do is cleaning the cabinets. Usually, food residue sticks on the cabinet surface and you should clean it first before painting. If you want to make the cleaning process much easier, just remove the cabinet doors. You can put them on the floor and start the cleaning process more easily. This way allows you to reach the most hidden parts of your cabinets.

3. Once you have cleaned your cabinets thoroughly, now you come to the most important parts of this project. Sand the cabinets are the next thing that you have to do. Make sure that you sand every part of the cabinets carefully to get the best result. It may spend much time to sand the cabinet but if you handle this part well, you will find that the pain durability will be increasing.

4. The fourth step is applying primer to the cabinets that you have been sanded. This step is particularly important if you want to repaint your cabinets with different color. Since there are some primer types available in the market, you had better find one that totally fits your need. The type of primer that you will use depends on the paint type. If you would like to use an oil-based paint, then it will be great to use an interior oil-based primer and use the shellac based primer if you want to use latex paint. Both primers carry strong odor; therefore, make sure that you cover your nose with the mask when applying it.

5. Now, this is the core of this project – painting the cabinets! To make this step generates great result; don’t forget to use the quality paint brush. Apply thin layers when painting and you will find out that your cabinets will present the new look again.

Enjoy your DIY home improvement project and get the fresh atmosphere in your kitchen.

Save Money On Your Energy Bills With A Home Improvement Project

If you are looking to tackle a new home improvement project in your home, you may want to consider making it one that will reduce your long-term energy costs. Sure, we all like home improvement projects that result in making a home more beautiful and attractive, but not all home improvement projects are as glorious as the ones that you may see on television.

Choose a Project

There are multiple home improvement projects that can dramatically reduce the costs of your heating and cooling bills year-after-year. With the rising costs of energy, these types of energy saving projects are more important than ever. Some of these energy saving projects will create a great return on investment over a period of time. If it costs you $50 to complete the project, it is reasonable that you could save $50 on energy bills within the first six months of completing the project, if not sooner.

There are many different types of energy saving projects that can help you to save energy on your heating and cooling bills. Let’s take a look at just a few examples of projects that you can take on yourself.

One project that can reduce energy costs is to seal cracks and find those pesky drafts that plague your home. You may not feel them as much in the summer time, but in the winter you certainly notice all of those drafts and air leaks when a cold breeze hits you.

Exterior Doors

One area where you will frequently find air leaks is around the exterior doors of your home. Here, there are a few things that you can do to eliminate those leaks.

One is to make sure that your door seals at the bottom against the weather stripping. Replacing the weather stripping is a much better long-term solution instead of buying one of those stuffed animal looking things that lay against the bottom of the door. You could spend a couple of dollars on one of those things, but this is not a permanent solution and most people don’t think to use them in the summer time. Replacing the weather stripping is generally a simple project and is quite affordable.

Sealing your exterior doors may also mean replacing, or putting in, a storm door. Storm doors come in all types of materials and prices. A good storm door can go for about $200 and will yield you the energy savings that you are looking for. It is not necessary to go with the really outlandish and expensive storm doors with a foam core, when you are looking for ways to save on you heating bills.

Sealing Cracks and Holes

Another way to save money on your energy bills is to seal the cracks in your home. These cracks can be found around window seals, the homes foundation, attics, and basements. A quick and easy fix for these air leaks is to simply buy some caulk and a caulk gun and fill these holes. The cost of doing this will be about $10 and will pay for itself in no time at all. This is by far the easiest and cheapest thing that you can do to reduce your homes energy bill.

Adding Insulation

Adding insulation is another way that you can save a bunch of money on your homes’ energy bills. Many people think of insulation as something that helps keep your home warm in the winter, but it also helps to keep the cool air in your home during the summer as well.

Some insulation projects are do-it-yourself projects that are rather painless to undertake. For example, if your attics’ floor is not insulated, you may want to consider roll out insulation. All that is required to install this is measuring the appropriate length and width and unrolling the insulation.

Another insulation option is to hire a professional insulation installer to put in blow-in insulation. This is a great option for those impossible to get to spots. You may have excess space between interior and exterior walls of your home. If you do not want to tear out the walls of your home, blow-in insulation is an easy solution. Blow-in insulation can also be used in attics and basements. Of course hiring a professional to put in blow-in insulation is not exactly cheap, but in the long run it will eventually pay for itself with the money that you are saving on your home energy bills.

Now get to work on finding the best way that you can seal your home up. You will certainly notice the difference when you heating and cooling bills come each month. And, as you count your savings, you will be glad that you spent the time and money on these simple home improvement projects.