3 Home Improvement Projects That Can Add Significant Equity to the House
Typically, a do-it-yourself homeowner will constantly look for home improve
ment projects that can add a significant value to the home. Many of the pro
jects are small enough that they will not break the bank or overextend thei
r budget, but will provide additional equity to the home, once the project
has been completed.
Many homeowners will limit their budget to approximately $5000 for any type
of large remodeling project around the house. While not a sizable sum, the
re are many things that can be accomplished to enhance the beauty of the ho
me, add to its functionality, or replace much-needed equipment.
1. Installing a Wood Fence
For less than $5000, it is easy to add a wood fence around the exterior of
the property. This type of fence can add significant value to the home's ex
isting landscaping. They can also provide backyard privacy, or be used as a
containment for dogs. In addition, installing a wood fence as a home impro
vement project adds an additional layer of security to the home.
Installing a wood fence can easily fit into most homeowner's budget. They c
an be installed as a small picket fence, or paneling that has been pre-asse
mbled, and only requires the upright post and some heavy lifting.
2. Replacing the Heat Pump
Heat pump air conditioning systems are only designed to last between 10 and
12 years, and that is with proper maintenance every year. As the home begi
ns to age, many homeowners are faced with the idea that their home improvem
ent project will be nothing more than replacing the existing heat pump air
conditioning system. For less than $5000, a professional air conditioning c
ompany can replace the interior air handler, and the exterior condenser, an
d have the home heated and cooled properly for decades to come.
A newly installed heat pump air conditioning system is more cost-effective
because it can make the home more energy-efficient. It can significantly re
duce the amount of energy that is consumed just maintaining the heat or coo
3. Painting the Exterior of the Home
One of the most common home improvement projects for the do-it-yourselfer i
s painting the exterior of their home. Often times, the siding can become s
un-bleached, and take on a washed out appearance. A fresh coat of paint can
easily put on a fresh sheen to the exterior of the home.
High quality paint for the exterior of the home along with all the necessar
y supplies can typically be purchased for less than $3000, which is signifi
cantly lower than the budget. It can protect the siding of the home for dec
ades, especially when it is applied properly. Depending on the type of sidi
ng installed on the house, whether it is fiber-cement, vinyl or stucco, a f
resh coat of exterior paint can add a high level of protection.
There are significant ways to add extra value to the equity of the home. By
selecting the right types of home improvement projects, any homeowner can
increase the home's value, while enhancing its appearance or functionality.