St. James, NC custom home builder Mark Johnson Custom Homes would like to share with our readers an article courtesy of RealtyTimes.com that gives tips on do-it-yourself projects that can instantly increase the value of your home.

It seems when it comes to home values, a little elbow grease can go a long way, according to a recent nationwide study by HomeGain.

The study surveyed 500 real estate agents throughout the nation to learn the top 10 low-cost, do-it-yourself improvements that help increase the likelihood a home would sell.

Ranking in the top five are: clean & de-clutter, lighten & brighten, repair electrical & plumbing, landscaping, and home staging. But how much benefit can you really expect to get from each of these home improvement categories?

According to the study, the top home improvement (since 2003) continues to be to clean and de-clutter your home. It may cost you about $400 to make the most of this home improvement but sellers who make the financial commitment can benefit by seeing a “returning value of just over $2,000 to the home’s sale price”. That’s a 403 percent return on investment (ROI).

Coming in at the number two spot is lightening and brightening your home. This makes perfect sense. If a home is dark and difficult to view, many buyers won’t spend even minutes in it. Buyers want to be able to explore the home, seeing every detail. Also, homes that are dark often convey a dreary tone and may give buyers the suspicion that there may be hidden damages in the home.

Interestingly, home staging fell to the number five spot. In the 2011, study it ranked third. However, for this year, do-it-yourself tasks such as repairing electrical and plumbing issues, and maintaining landscape, ranked higher, respectively.

“In a buyer’s market, sellers need to dress their homes for success before putting them on the market,” said Louis Cammarosano, General Manager at HomeGain.

It could be a sign of the times, that do-it-yourself home improvement projects are creating greater ROI. With many homes falling into foreclosure or being put on the market as a short sale, there is lots of inventory that is lacking a little tender loving care.

Sellers who are listing their home on the market should take a close look at the competition and then, as I’ve written in previous columns, see their home through the eyes of a potential buyer. In other words, check out its flaws and fix those issues.

Remember, buyers don’t have a history with your home. They’re not necessarily attached and willing to overlook the downside of your property.

Create a do-it-yourself task list and target those areas that need some work. Then bring in the experts to do the maintenance and repairs that need professional care. Investing a little more into increasing the potential sale of your home can mean not only more money but also a faster sale.

Rounding out the top 10 on the HomeGain.com National Home Improvements study are, shampoo or replace carpets, repair floors, paint interior walls, update kitchen & bathroom, and paint the exterior of the home.

Article courtesy of: Phoebe Chongchua, RealtyTimes.com

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5 Responses to “Study Reveals Do-It-YourSelf Home Improvements Increase Home’s Value”

  1. Save Water Says:

    Doing the repairs and fixings in home on your own is a very smart thing to do. You can save lot of bucks by doing the home improvement works on your own. But, you should always try this fixing very quickly as soon as you got any doubt of problem, otherwise delaying will magnify the problem.

  2. Bianca Says:

     If its only a minor improvements doing it by yourself is a smart choice, it is also a good way of bonding with your family. You work together, spending some time to make your home a better place to live.

  3. Real Estate Admiral Says:

    I like doing it my self. I enjoy every moment of renovating my home with my husband. I have sold a lot of houses that have given me back more than I have used to repair it. Remodeling, decorating your own home is fun for everyone in the house and saves a lot.

  4. Amy Says:

    Do-it-yourself things in your idle time at home will bring you satisfaction since you have done things for your home. I also love to repair, replace and transfer things because I can work with my younger brother then we can bond and talk while working.

  5. glass calgary Says:

    Hello..
    I too agree that if your home is furnished with good doors
    and windows, proper ventilation is there. The material used is in good
    condition then it will definitely add value to the home. The information
    you shared is very nice.