How do you “Do It?" Pt.2
July 18, 2016
DIY vs. DIFM – 2nd in a series of how consumers approach home improvement projects
Painting an interior room is a fairly “doable” first DIY project for most new homeowners. Worst case scenario? You have to paint it again. But what about something more complex, like changing out a sink vanity or cabinet in the bathroom? Worst case scenario? You’ve flooded your new home and have to use a neighbor’s shower for the next week. There’s a little bit more risk in play once you start talking about trying to update tile and plumbing.
For this type of “do it” the balance between DIY and DIFM is much closer, but there are still more homeowners than not who aren’t afraid of taking on the project themselves. And the reason they’re willing to take on more risk? The reward is much higher.
According to Remodeling Magazines 2016 Cost vs. Value national analysis, a mid-range bathroom remodel costs an average $17,908 and retains 65.7% ($11,769) of that at resale. For many homeowners, the lure of saving some upfront money while maximizing their resale value is worth crawling under a sink and watching some YouTube videos to learn how to install that new vanity.