DIY renovation projects offer the best return to homeowners — but there’s a catch - MarketWatch

Many Americans are spending much more time at their homes during the pandemic, and that is a perfect opportunity to undertake home renovation and improvement projects. There is an actual surge of this activity that led to a lumber shortage, particularly the one used in deck and patio construction. DIY projects can offer a good return on your investment, but they can, if not executed the right way, prove to be very costly. Project like retiling or plumbing are best left to the professionals, which are often cheaper when the work is completed.

Key Takeaways:

According to Zillow, painting your front door black can add up to $6,000 to the home's sale price.
Renting a carpet cleaner to refresh the rugs is one of the simplest things you can do before selling your home.
Outside, edging the lawn or planting flowers can improve your home's value.

“Earlier in the health crisis, economists predicted that spending on renovation projects would actually dip across much of the country.”