Home improvement projects are an excellent way to increase the value of your home and boost your home equity or the amount of money you could get if you were to sell your home. However, timing is everything when it comes to projects to improve your home and there are certain times when these projects can have the most impact on your home’s value. Let’s discuss prime times for home improvement projects that can help boost your home equity.
Spring & Summer
Spring and summer are great times to take on some projects! With warmer temperatures and longer days, it’s the perfect time to get outside and start sprucing up the outside of your home.
DIY projects like landscaping can be especially beneficial when done in the spring and summer. A new flowerbed or an updated garden are both great ways to increase your home’s value. Taking the time to do some other outdoor work, such as power washing your walkways or siding, can also help freshen up the exterior of your home at a lower cost but with a big impact!
Fall is the perfect time for tackling some home improvement projects, as the weather is still mild enough to work outside, but cool enough that you won’t be sweating profusely. Projects like clearing out the gutters and leaves, and touching up paint can be done with ease during this time of year. While you’re at it, have some fun with spooky Halloween decorations! Nothing quite says “Welcome Fall” like a festive front door, complete with cobwebs and ghosts. If you’re feeling really ambitious, you can always try tackling a larger project like adding a deck or patio.
Other easy outdoor projects you can complete this fall to help you save money and prepare your home for the winter ahead include:
- Checking your roof
- Sealing air leaks
- Repairing cracks in your driveway or walkways
- Winterizing your sprinklers
From insulation and caulking to painting and drywall repair, winter is an ideal time to get indoor projects done. When it comes to energy efficiency, winter presents the perfect opportunity to make improvements to the interior of your home. For example, installing new weather stripping around windows and doors can help keep cold air out in the winter months, potentially saving you money on your heat bill. Additionally, adding extra insulation to the attic can help to keep warmth inside and reduce drafts. These simple yet effective tasks can help make your home more efficient and, therefore, more valuable.
Whenever You Can
Making home improvements doesn’t have to be restricted to specific times of the year. Whether you have the extra funds to spend or the desire to increase your home's equity and value, making small updates whenever you can is a great way to continuously keep your house in great condition and therefore, retain its value over time.
If you’re looking for an indoor project, consider giving your walls a fresh coat of paint. A different color can completely change the look and feel of any room and can make your home feel brand new.
If you’re looking for smaller projects to improve your home’s value, consider replacing old fixtures and hardware with new ones. This could include door handles, light fixtures, faucets, and even appliances. Doing so can give your home a modern feel while adding value.
If you have more time and money to invest, consider larger-scale projects like remodeling a kitchen or bathroom or repairing your roof - which can give you a great return on investment if done right. Some financial institutions offer a simple way to pay for projects with no collateral or equity required. You can also explore different options to finance these bigger ticket projects.
Weigh the Costs and Benefits… and Remember to Have Fun
It’s important to weigh the costs and benefits before you start any home improvement project. Doing so will help you understand the potential return on investment, allowing you to make smarter decisions about your home improvement projects. And remember to take all necessary safety precautions when working around electricity, water, or any other potential hazards – to ensure that you get the job done right.
No matter what kind of project you decide to take on, making improvements year-round is sure to be a great way to protect your investment and maximize its value. Just remember to have fun with it, because home improvement projects should be enjoyable, not a chore.