Home DIY Projects With the Greatest Returns

Home DIY Projects With the Greatest Returns
  • Opening Intro -

    No doubt about it. Remodeling your home can mean more money when it comes time to sell it.

    According to U.S. News and World Reports, home renovations, depending upon what they are and where the home is located can add as much as $100,000 or more to the bottom-line sale price, so the investment can be worth it.


That said, not all DIY projects offer the same returns. Most don’t. Here’s a look at the best DIY projects to consider when you’re remodeling plus a rough formula to use when trying to decide how much to spend on any one project.

How Much Is Too Much?

Kitchens and bathrooms counts as some of the most popular remodel/ DIY projects for homeowners. However, U.S. News and World Reports cautions homeowners not to spend more than 15% on a bathroom remodel and no more than 25% on a kitchen revamp. In other words, spending 75 grand on that new kitchen doesn’t make sense if the home would only sell for $100K.

Better Doors

Your front door extends a welcome to your guests and can add or detract from your curb appeal. House Logic recommends replacing the front door as a DIY project of choice for a number of reasons. For one, it’s a cheap renovation as far as renovations go. An insulated steel door costs about $1000, but its can add over $1200 to the resale value. For this reason, Forbes calls this the best DIY project for the money.

A set of French doors at the back of the house can add value, especially when you pair this remodel with the addition of a deck. (See the next DIY project). These open up to the backyard, and open the living room up without tearing out the wall.

Finally, aside from adding curb appeal, which never hurts when you’re trying to sell your home, these additions also have the potential to save you money each month due to reduced heating and cooling bills. They’re all-around good projects to do when you only have a bit of money to spend.

The Back Deck

Adding a deck to a home that doesn’t have one counts as another inexpensive-but-worth-it DIY home hack. This addition costs the homeowner anywhere from eight to 35 bucks a square foot. However, what it adds to the home value can’t just be measured in dollars alone. With the growing popularity of outdoor rooms, people have started to take a look at ways that they can expand their living space.

A deck off the den or the living room would be a good addition on its own, but adding even a temporary canopy or enclosing it on three sides turns a deck into another room during the warmer months of the year. Some homeowners even take this addition as far as adding an outdoor fireplace or grill area to make it feel like home.

Making the Attic a Den or a Bedroom

This DIY project makes good sense, because most of the structure for the room already exists. You don’t need to add a floor, ceiling, or walls. You will have to vamp what you have to make it livable. This type of renovation makes sense in areas where the homes are older and adding on a room would be too cost prohibitive. The recoup value on this can be above 80%.

Final Thoughts

Some Realtors caution against spending too much on a home renovation, because often the homeowners will put more into the renovation than they’ll get out of it, even if they’re not spending $75 grand on a new kitchen. The decision to take on DIY project should also be tempered with an emotional price tag. Forbes suggests that for every $1000 spent on home improvements, the ROI is only between $400 and $800.

However, this figure does not take into account how much an air conditioner or a new kitchen will emotionally benefit the home’s current owners. DIY projects that recoup 80 to 90% of the cost count as the best DIY projects for the time spent. While most people think that a new bathroom or a new kitchen will bring the most bang for the buck, that isn’t necessarily true. The three renovations on this list offer the most potential for the least amount of money.

That said, it’s helpful to take a look at some of the homes for sale on the GA MLS listings to see how much your home costs compared to others in your market. That should be your final criteria for taking on any DIY project.

Home Improvement reference:

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Last update on 2020-07-08 / Affiliate links / Images from Amazon Product Advertising API



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