DIY Renovation
The Top 10 DIY Home Renovation Projects with the Highest ROI
Before we dive into the top 10 DIY home renovation projects with the highest ROI, let’s first talk about what ROI is.
ROI stands for “return on investment” and it’s a way of measuring how much money you’re going to make from a particular project. For example, if you spend $10K on an addition to your house and sell it for $20K after 5 years (a 100% return), then that would be considered good ROI because you made twice as much money than what you put into it. On the other hand, if your project only returns 50% of its cost at resale time (i.e., half of what was invested), then that would be considered bad ROI because it didn’t earn back all its costs through resale value alone–it also needed help from appreciation in order to break even!
Project #1: Refinishing Hardwood Floors
Refinishing hardwood floors is one of the most popular DIY home renovation projects. It’s also one of the easiest, since all you need is a sander and some sandpaper. The only catch is that you have to be careful not to damage your flooring by applying too much pressure or using an abrasive sandpaper that will scratch up the wood.
If you’re going to refinish your own hardwood floors, here’s what you’ll need:
- Sander (electric or manual)
- Sandpaper in various grits (100-grit for rough removal; 220-grit for fine removal)
Project #2: Painting
Painting is a great way to update your home and give it a fresh new look. You can paint walls, ceilings, trim, moldings and even cabinets. In this project we’ll be painting all of these areas in addition to adding some new crown molding.
- Materials & Tools Needed: Paint (of course!), tape measurer/leveler tool set, painter’s tape (for taping off edges), brush(es) for applying primer/sealer if desired before painting over drywall seams or cracks in the wall where there may be an issue with moisture getting into them which could cause mold growth later on down the road if left untreated!
Project #3: Installing a New Entry Door
- Materials and Tools:
- Entry door (optional)
- Door frame
- Latch set (optional)
- Mortise lock (optional)
Project #4: Replacing Old Windows
Replacing old windows can be a great DIY project. It’s not difficult, and you’ll reap the benefits for years to come. Here are the steps:
- Measure your window openings, and make sure that you have enough space on either side of them for new windows to fit in. If not, you may need to move some walls around or add additional framing before proceeding with this project.
- Buy new replacement windows (you can find them at any home improvement store). They come in a variety of styles–single pane or double pane? Casement or sliding? Wood frame or vinyl siding? You’ll want to consider these factors when choosing which ones will work best for your home’s design aesthetic as well as its climate zone (if applicable).
- Remove the existing hardware from each window frame using a screwdriver or Allen wrench if necessary; then remove any caulk between each frame piece using an utility knife so that no residue remains behind once everything has been taken apart completely
Project #5: Installing a New Fence
If you’re looking for a project that will add value to your home, installing a new fence is one of the best options. Fences can be made from wood or metal, but they’re typically made from either vinyl or chain link. If you want a traditional-looking fence that blends in with the rest of your property and neighborhood, consider using wood as it comes in many different styles and colors to suit any taste.
On average, installing an average-sized wooden privacy fence costs about $7 per linear foot (or $1/foot) depending on whether or not you hire professionals to do the work for you or do it yourself. That means if you install 100 feet of privacy fencing around your backyard (not including gates), then expect to spend somewhere between $700-$1 000 depending on whether or not there are any setbacks such as trees or other obstacles that need cutting down before construction begins.”
Project #6: Upgrading Your Kitchen Cabinets
Upgrading your kitchen cabinets is a great way to give your home’s interior a fresh look. If you’re thinking about doing this project, here are some things to consider:
- Materials and tools needed: You’ll need new cabinets (of course), but also paint and primer if the existing ones are painted wood. If they’re stained wood, then stain remover will be necessary as well.
- Estimated cost: The average cost of replacing a kitchen cabinet is between $2,000-$3,000 per unit; however, prices vary depending on material type and size. For example, standard-sized base cabinets typically run around $300 each while custom-made ones can cost up to $1,000 each–and that’s not including installation costs!
Project #7: Landscaping
Landscaping is one of the most popular DIY home renovation projects. It’s also one of the easiest ways to add value to your property, which makes it a great investment.
If you’re thinking about landscaping your yard, here are some tips:
- Choose plants that will thrive in your climate and soil conditions. You can talk to local nurseries or gardeners for advice on choosing plants that will grow well in your area. If you have sandy soil, for example, don’t plant trees or shrubs because they need more moisture than sand can provide!
- Plan out what kind of look you want before buying anything–this will help keep costs down by making sure everything matches nicely together when it comes time for installation day (and also make sure nothing gets lost).
Project #8: Installing New Light Fixtures
Installing new light fixtures is a great way to update the look of your home. It can also be one of the most cost-effective ways to increase your property value as well as energy efficiency.
To install new lights:
- Measure each fixture and determine if you need to purchase new wiring or if you can use what’s already there.
- Buy all materials needed, including bulbs and switches (if applicable).
- Remove old fixtures from ceiling by unscrewing them from their sockets with a screwdriver or wrench; then disconnect wires from the electrical box using wire cutters.
If installing recessed lighting, remove insulation around where you want lights installed before drilling holes for mounting screws into drywall or plasterboard walls so that no damage occurs during installation process!
Project #9: Installing a New Deck
A deck is one of the most popular DIY projects, and for good reason. It’s a great way to expand your living space and add value to your home. Plus, it’s easy enough for anyone with some carpentry skills and a few tools to complete.
If you’re interested in installing a new deck on your property but aren’t sure where to start, here are some things you should know:
- Materials needed: lumber (for framing), screws or nails (to attach boards), flooring materials (if applicable)
- Tools required: hammer/nail gun, saws (circular saw or table saw), tape measurer
Project #10: Installing New Siding
How to Install New Siding
Installing new siding is a fairly straightforward project that can add value to your home. The materials and tools required are minimal, but you’ll need to hire someone to do the work for you. The cost of hiring a professional will depend on where you live and how much labor is involved in removing old siding and installing new material. If done correctly, this project should increase the value of your home by $1-$3 per square foot–a great ROI!
So there you have it, the top 10 DIY home renovation projects with the highest ROI.
- The key to making sure your project is successful is to research and budget for it. Make sure that you know what you’re getting into before starting, and don’t forget about the cost of materials!
- If this article has inspired you to start renovating your own home, check out our other articles on home improvement tips and tricks here at [website].