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Old 02-06-2020, 07:38 PM   #16 (permalink)
Xist
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Location: Show Low, AZ
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Can you increase your home value $45,000 for $200?!

What?! No! Of course not! You should know that without clicking!

In Meet Kevin's followup to his kitchen "remodel" video, he rehashes various things he shared in previous videos, like painting your cabinets for some reason. He doesn't like "Yellow" woodgrain.

Raise your hand if you care what he likes. Go on, we don't judge. Okay, we absolutely do, but how would we know if you raised your hand?!
  1. Painting your kitchen cabinets: $200 - 600, but worth $5,000 - 15,000.
  2. Fake marble contact paper $25 on Amazon. We would need two rolls. Less than $200, but worth $2,000 - 3,000.
  3. Tile refinishing, $23.70 on Amazon. He says the whole process would cost $150 - 350, but be worth $3,000 - 5,000.
  4. Depopcornificating your ceiling. This is the first time that he gives an indication of how much your labor is worth. He suggests only working on one ceiling per weekend, but says that materials would cost $200 - 300, while this is worth $4,000 - 8,000.
  5. Upgrading baseboards: $400 for $3,500 - 4,500.
  6. Replacing hardware like door handles and hinges: $500 - 700 for $3,000 - 4,000.
  7. Replacing landscaping mulch: $40 for $1,000 - 1,500.
  8. Replacing light switches and light fixtures: $1,000 for $4,000 - 5,000. He recommends these instead of can lights: Lithonia Lighting WF6 LED 30K MW M6 13W Ultra Thin 6" Dimmable LED Recessed Ceiling Light, 3000K, White.
  9. Pressure-wash your house instead of repainting: $130 for $1,000 - 2,000.

It appears that I am missing one, but I am not watching this a third time! For those playing the home game, he says this can increase the value of your home by up to $48,000, about what was advertised, but the high end of the output would suggest the high end of the input: $4,055. That is an almost 12x return on your money, but how much of your time would it take? The other caveat is that he deals with half-million-dollar homes. I am sure that Mom's house would take just as much time and money, but would be worth at most 40% as much.

The low end would be $2,480 for $26,500, 10.68x. Yay.

Crazy thought: Start doing these for Mom and try to find work doing this for other people.

Source!
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