4 Surprising Things That May Increase How Much Your Home Is WorthBY WHITNEY RICKETTS ON 26 JAN 2018DATA Does your home offer any of the perks some buyers will pay more for?
How To Prioritize Your Home Projects
If you have just moved into a fixer-upper or would like to freshen up your current living space, tackling a major home project can be overwhelming and stressful. Professional home decorators andinterior designers make transforming a home look easy. But as a homeowner, we know that home improvement shows are not always the reality.
From paint colors to furniture and décor, it can be difficult to prioritize your home projects to create your dream home. That’s why Leaf Filter put together a few tips that will help you prioritize your home projects.
Begin by Decluttering
Before you even think about making a list and re-doing your home, clean out the clutter and start to get organized. Make different piles in your home of your stuff to sell, donate or toss. Getting rid of the junk in your home can significantly improve your outlook of your home, giving you a clear indication of what projects need to be tackled.
Make A List
Next, look around your home and make a list of what needs to be done. At first, you may be totally overwhelmed. However, putting pen to paper and actually writing out a list of to-do’s can be very beneficial. Ask yourself questions such as, ‘Are there any repairs that need to be made?’ ‘Do I only need new paint?’ ‘What can I do myself and what will I need to hire out for?’
Devising a plan will make moving forward with your home improvement project a smoother experience.
Look at Your Budget
This part of the process can get a bit discouraging. The budget conversation can sometimes be awkward, slightly uncomfortable and coupled with a bit of anxiety.
With ideas buzzing around your head, it may get overwhelming thinking about paying for it all. However, there are a lot of different ways to remodel on a budget and there are incredible transformations that you can do under $1,000.
It may be discouraging to have to wait to transform your home because of money, but it’s better than going into debt just after you moved into your dream home. Set a realistic budget and goals to see what you'll be able to accomplish. Then, set up a savings account and timeline to finish the other part of your checklist in the future. Saving cash, instead of financing everything, will make you feel proud of your accomplishments, instead of overwhelmed with the monthly payments.
Develop Your Plan
Once you know what you need to do and how much you want to spend, decide how you’re going to tackle everything. You'll need to create a timeline and sort out needs from wants on your remodeling dream list.
Questions to consider
Do you want to go room by room? Or tackle big overall projects first, such as flooring or paint?
Do I have the time and energy to complete everything right now?
What do I absolutely need to do right now and what projects can wait?
What types of projects will give me a good return on my investment?
Will I need to hire a contractor or can I complete these things myself?
Will these type of upgrades will reduce my energy and water consumption?
These type of questions will help you decide what home projects to invest in first.
Rules of Thumb
If you’re still unsure about which projects to prioritize, we’ve put together a list in order of importance that may help:
Start with your less expensive home repairs, then with your needs.
Handle any project that could affect your family’s safety, such as child-proofing.
Repair anything that may cause permanent damage like leaky roofs and clogged gutters.
Upgrade items in your home that will help save you money. This includes projects that reduce energy and water consumption. Replacing the windows in your home will make a huge difference.
Make low-cost improvements that offer big results like painting, wallpapering and changing out fixtures in your bathroom and kitchen.
Last, but not least, tackle the biggest projects or needs, which includes flooring, furniture and outdated light fixtures.
Consider Home Projects that Will Help Boost Re-Sale Value
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If you’re considering remodeling your home to boost re-sale value, you should consider the payoff for your particular project. By investing in your home, you can go a long way in maximizing your ROI. In the housing market, a kitchen or bath remodel is a sure-fire investment that will put dollars back into your pocket.
You may want to also consider investing in the curb appeal of your home. Adding a walk way, landscaping, shutters or a dramatic entryway is another great way to improve your home.
Adding space, like an addition, to your home is another great way to get a big return on your investment. In fact, ever 1,000sf added to a home boosts the sale price by more than 30%, according to the 2005 study for the National Association of Realtors.
When planning your home improvements, there are so many things to consider. By making a list, cleaning out the clutter and planning ahead, you're sure to have a stress-free project. If you are ready to get started on a big remodel, contact a pro today.
Bryan grew up in the Boston area, and has now been a resident of Huntersville, NC since 2004. He holds an undergraduate degree from Le Moyne College in Syracuse, NY, as well as, his Masters in Busines....
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