Hiring a professional is sometimes necessary to get the job done right, on the other hand, doing it yourself can save you a significant amount of time and money. Knowing what projects you can do yourself will prove to be beneficial when it comes to getting the highest returns. Below are 10 projects you can do on your own that have that have the greatest financial gains.
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Whether it be the inside or outside of your home, painting is hard work. Part of the frustration is the time it takes getting it prepped and ready for the painting itself. When you paint it yourself, you'll save a ton of money on labor costs and added fees. Also, painting your home will increase its appeal and value if you're looking to put it on the market soon.
Decks are a great area to spend time with the family on warm summer nights. Building a deck yourself takes some pretty good carpentry skills, and a few man hours, but it'll look great when you're finished and a high return to boot.
Many older homes don't have adequate insulation, and up to 30% of warm or cool air is lost due to poor insulation. Replacing old insulation, that's up to code, is easy to do with the right materials, and it'll save you money on your energy bill.
Like building a deck, renovating your bathroom can be a chore. Having a neighbor or friend help you rip up the floor, bathtub, shower, sink, and even the toilet can prove to be worth the effort. A custom bathroom built by a contractor could cost as much as $16,000, but if you do it yourself, you'll spend much less depending on the size of the project.
Old carpets are usually covered in stains, are faded, and generally need to be ripped up. New carpet is relatively easy to install after you learn the basics of how it's done. Getting the floor prepped is the the hard part, but after that's done, the rest goes pretty fast.
Doors, like carpets, become weather-beaten, stained, and dented. Replacing one or several of your doors will freshen up the appearance of your home. Doors are easy to replace and install. However, you must know the correct dimensions and how much the door will contract and expand before deciding to make a purchase.
The cabinets in your kitchen and bathroom may be of an excellent quality, but the hardware may stink. Although inexpensive, replacing your current hardware with newer or different hardware can add a greater perceived value to your otherwise older cabinets. You can get decent cabinet hardware for under $20 per cabinet if you know what you're looking for.
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Replacing the veneer on the outside of your home is easiest done on a one story home, but it could be achieved on a multi-story home with some extra help. When replacing your veneer, choose to install vinyl siding to get a high percentage of your investment back.
New gutters are a must if you're selling your home, and you know that your current gutters are sagging, leaking, or just falling apart. Your mileage will vary regarding returns, but seeing as you can get new gutters installed for as little as $1.50 per foot, you won't have a lot invested if the return isn't quite what you expected.
Garage doors aren't something that comes to mind when you think about high returns, but they should. A high level of skill is needed to replace a garage door, but you can expect to see a $1,400 return on a $1,500 investment if done right.
One interesting method that I use to get ideas is looking on my local MLS. I am currently in Georgia, but you can use whichever local MLS exists for your area. You can look through homes to get ideas, and also see what homes with certain attributes are selling for. This has been one of the easiest ways to get ideas, besides Pinterest of course.