Calling Tampa, Florida home comes with many perks. Sunshine year-round, beautiful beaches, and many housing and work opportunities available; just to name a few.
You may be wondering how you can increase the equity in your home. Look no further for our expert advice on do-it-yourself (DIY) home projects to improve your Tampa home value.
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Tampa market
The housing market in Tampa, Florida is promising! As with all locations across the U.S., the tail end of 2022 saw a slowing in the market. However, Tampa’s home prices are up nearly 18 percent as of February 2023. The inventory is also looking promising with about 2.2 months’ supply of houses available as of December 2022.
With a market like this, it may leave you wanting to increase your home value with some good old-fashioned DIY projects.
Freshen up
One of the easiest ways to increase your home value is to add a fresh coat of paint to your walls. Dirty walls, dingy wallpaper, or outdated colors can really affect the overall value of your property. A little elbow grease can make an impact on the look and feel of your space; which in return will give you more equity in your home.
Along this same vein, a good deep cleaning will also help your property value. You can rent a carpet cleaner for relatively cheap and steam your carpeting. Make sure to give everything a good scrub, remove any dust and grime, and your home will feel brand new.
Kitchen facelift
The kitchen is one of the most important spaces in your home to buyers. It’s often considered the heart of the home. Where a family shares meals and makes memories. However, a full kitchen remodel doesn’t have a great return on investment (ROI).
A mid-range kitchen remodels only has an ROI of about 53 percent. Meaning if you spend $20,000 you will get about $10,600 back on your investment when you go to sell. Instead, little DIY projects can make for a better ROI and still wow the buyers.
According to Zillow, painting your cabinetry can increase your home value by $1,000. Try upgrading old countertops and adding a tile backsplash. Finish off your kitchen facelift with new cabinetry hardware and a new kitchen faucet.
New front door
Curb appeal is important (don’t overlook basic lawn care!) when it comes to increasing your home value. For only about $200 you can get a front door with character and charm that will seriously upgrade the look of your home exterior. Top it off with a new doormat and some simple porch décor for an inviting look.
Fixture update
Switch plates, outlets, light fixtures, and more are often overlooked by homeowners. But for a small cost, you can really transform your home by upgrading these details. You can easily add convenience to your space by swapping switch plates for ones with USB ports or other smart features.
A home will look elegant with the right type of furniture. Adding luxury pieces can also add value to your home and definitely will light up the ambiance. Some pieces you can consider adding are recliner chairs from European Leather Gallery, a fireplace, and a comfy sofabed for movie nights.
Change up light fixtures for a more modern finishing touch to your home. Swap doorknobs for a modern take on your design. These small changes are like the jewelry in your home. Make them shine for the perfect finishing touch and a good ROI.
