Homeowners Deb and Jerry purchased their home for its great location but, compared to the rest of the unique and well-manicured homes in their neighborhood, it just didn't make the cut. With a budget of $20,000, they undertook a Sweat Equity makeover to upgrade their bland exterior. Specific projects included painting the stucco, creating a patio, replacing the siding and garage doors and adding landscaping. Deb and Harry opted to hire a professional to spray paint the exterior stucco, then they dug in with the patio and walkway installation and siding replacement. With all the repairs and replacements completed, the focus turned to the landscaping. Sod, trees, plants and a rock garden were added to augment the new patio and freshened up exterior. Deb and Jerry managed to come in under budget and make a huge profit. And they can't wait to begin utilizing their new space. Here's the dollar breakdown:
Final Tally:pavers $6,500 labor/misc. $3,200 painting$3,000 cedar shakes $2,200 garage doors $1,600 plants $1,500 TOTAL = $18,000 realtor's estimated value increase = $50,000 total cost of material = $18,000 net return on investment = $32,000 Sweat Equity Tip: Make sure you have contingency money in your budget. No matter how well you plan, you are almost guaranteed to run into some surprises.
RESOURCES :
pavers Borgert Products
Website: www.borgertproducts.com
cedar shakes ABC Supply Co.
Website: www.abcsupply.com
garage doors Automatic Garage Door & Fireplace
Website: www.automaticgaragedoor.com
| ALSO IN THIS EPISODE: | | Front Exterior Upgrade: Final Tally |
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