In today’s economy, everybody wants to be sure they are taking their dollars as far as they can. In uncertain financial conditions, many people will take as much of their income as possible and squirrel it away into a savings account. Other people, though, try to find safe, reliable investments that will yield better returns than a basic savings account at the bank has the ability to do. But finding a “safe and reliable” investment is no easy feat. We have all seen the stock market go up and down, with little regard for the small investors whose money is tied up in it. So how can you make an investment that you do not feel is controlled by outside forces? What can you do to increase the value of your assets without the huge risk of losing everything always looming down the road?
In tough times, investing in yourself and the assets you already have is a fantastic option. Making small and big changes alike to upgrade your home is one good way to go. After all, by fixing up the house you live in you manage to benefit in the short, immediate term by living somewhere nicer, and also invest in the future by increasing the home’s value. While some renovations require hiring outside help, there are plenty of things you can do yourself that will add value to your home. Here are a few to get you started.
DIY PROJECT #1
A freshly painted home automatically and immediately looks nicer, newer, and cleaner. A fresh coat of paint can refresh a room; or you can change the color entirely and give it a whole new look. It is really up to you. The same can hold true of the outside of your home. Repainting can make a world of difference. Simply head to the hardware store and take some swatches you like home with you. Hang them up and examine in different lights. Then choose your favorite. Go back to the hardware stores and buy the paint, the brushes, the tape, and the drop cloth and get started!
DIY PROJECT #2
If you want to make your home look bigger and cleaner, it is time to roll up your sleeves and get started. Clutter accumulates naturally around the house, so you need to be proactive when you try to control it. If a prospective purchaser walks into your house and sees clutter everywhere, they will likely not be able to picture the home without it. Clutter takes up space, making the rooms feel smaller and less spacious. So get rid of the clutter in your home!
DIY PROJECT #3
INSTALL NEW SINKS AND FAUCETS
Expert Paul Cardis, chief executive of Avid Ratings, has said that for people looking to buy a new home “the kitchen is king.” So people would be wise to spruce up that one room. Installing a new sink or faucet is something that can be done yourself in just a few hours. A sink will cost you about $400, while just a faucet will run you about $160. It will make the whole room look newer and better.
DIY PROJECT #4
REDO THE BATHROOM FLOOR
If putting in a new floor sounds overwhelming, take a deep breath and remind yourself that home owners do these themselves all the time. You can take a class at a local hardware store and save yourself the expenditure of hiring a professional. Remove the cracked tiles and install new ones instead. This will make your whole bathroom look more expensive.
DIY PROJECT #5
CLEAN THE FIREPLACE BRICK
Cleaning seems obvious, but there are certain spots in everyone’s home that people just seem to forget about. If you have a brick fireplace, whether or not you ever use it, it could probably stand to be cleaned. Just one use will cover the inside in soot and creosote. People love fireplaces so you should make yours look the best it can possibly look. Simply use a damp rag to wipe away the dust and soot. A special cleaner will get rid of the creosote. Scrubbing might be required, but it’s worth it!
DIY PROJECT #6
REPLACE THE DOORMAT
Doormats can be great but not if they are old, ragged, and/or dirty. When was the last time you got a new doormat? Chances are it has been awhile, so get to the store and get a new one.
About the author: Michelle Lim has written for the bedding industry for years. When she’s not busy writing, you can find Michelle reviewing marquis mattress or hiking outdoors as much as possible.
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