Spending on residential improvements and repairs is forecast to shrink in 2025, the first decline since 2010, according to NAR. A forecast decline in residential improvement spending in 2025, the first since 2010, means homeowners must prioritize value. While overall spending declines, carefully selected DIY projects still offer substantial returns. Focus on cost-effective, high-impact DIY projects over large-scale professional renovations to maintain or increase property value.
1. Smart Upgrades That Pay Off
Accessible projects directly boost property value and buyer appeal. Marketwatch emphasizes 'small hacks,' and NAR lists effective DIY projects. In a tightening market, perceived value and buyer interest now hinge on accessible cosmetic upgrades. Sellers must prioritize superficial appeal over deeper, expensive overhauls.
1. Interior Deep Cleaning (Floors & Countertops)
Best for: Homeowners seeking immediate aesthetic improvement and high impact for potential buyers.
Deep cleaning floors and countertops revitalizes spaces. Marketwatch identifies it as 'important for potential buyers,' and NAR calls it a DIY effort with 'great ROI.' Deep cleaning floors and countertops creates a fresh, well-maintained look without major expense.
Strengths: Low cost, high visual impact, requires basic tools | Limitations: Labor-intensive, may require specialized cleaners for tough stains | Price: $50-$200 for supplies
2. Exterior Power Washing
Best for: Homeowners aiming to boost curb appeal and make a strong first impression.
Power washing exteriors, sidewalks, and driveways removes years of grime. Marketwatch states this 'can boost curb appeal.' Increased curb appeal directly correlates with buyer interest and perceived property value.
