WHAT IS THE VALUE OF SWEAT EQUITY?
9 Feb

WHAT IS THE VALUE OF SWEAT EQUITY?

DEFINITION [the labour, or “sweat” contributed to work put into a house by its owner e.g. maintenance, renos, repairs, etc that increases the value]

DID YOU KNOW there are a ton of online resources re “sweat equity”-type DIY projects!  Look for ones that’ll give you the most bang for your buck; anything from adding better lighting to adding outdoor living space.  The key component to increasing the value of your home is to focus on home improvement projects!

PAINT THE INTERIOR of your home; it’s one of the easiest and most affordable ways to improve the look of your home, and hey anyone can learn how to paint!

INSTALL CROWN MOULDING; a detail often skipped by builders, but sought after by buyers!  The trickiest part of completing this project is cutting the corner angles properly, but some patience and an eye for detail will get the job done!

UPGRADE INTERIOR DOORS by installing pre-hung ones, a fairly simple project depending on how many doors you have in your home.

FRESHEN UP HARDWOOD flooring with a new coat of stain; you can instantly improve the look of any room by sanding the floors, applying a new stain, and then adding a protective coating.

ADD AN OUTDOOR LIVING SPACE; it won’t officially increase the size of your home, but value-added amenities create an overall better home condition.  Adding some beautiful landscaping features, and building a custom fire pit or outdoor fireplace would also be ideal, or maybe add a kitchen w/ a built-in BBQ or even a gorgeous water feature!

THE BOTTOM LINE…

For many homeowners, it’s easier to pay a professional to complete home improvement projects, but it’s certainly not an option for everyone.  For those of you who have a smaller budget or just like to get your hands dirty, you can increase the value of your home by taking on smaller projects without professional help!

Calling on pros for bigger projects like swimming pools etc is definitely a good idea, but there are oodles of projects you can take on that just require basic skills and take either a few hours or a weekend to complete.

Tackling DIY home improvement projects is also a super great way to learn new skills!  Home Depot offers excellent DIY classes and even YouTube has awesome tutorials.

“It takes hands to build a house, but only hearts can build a home.” | Author Unknown