This summer, my wife and I installed 18 new windows and painted the entire exterior of our house. Between just these two projects, I figure we saved ourselves $9,000! Sure, we could have hired someone to do these projects for us and enjoyed ourselves down by the beach or away on vacation, but then we would have never experienced all the below benefits of DIY projects.
10 Fascinating Benefits of DIY Projects
So how can there possibly be 10 benefits of DIY projects? Oh there are, believe me. On my house alone, I have replaced floors, walls, ceilings, plumbing, and even electrical components. I have experienced my fair share of DIY projects and am always amazed by the many perks after I’m done. Let’s dive in and maybe I can convince you to tackle your very own DIY project!
1) It’s Obvious, You’re Saving Money
If I would have hired out my window replacement and my exterior house painting jobs, it would have cost me about $12,000. By tackling the projects myself, I spent only $3,000! One of the huge benefits of DIY projects is that you’ll be saving yourself thousands of dollars.
2) Learning a Valuable Skill
No matter if your house is brand new or 100 years old, things break and require maintenance year after year. The more projects you tackle around your home, the more you understand how everything works. After teaching yourself how to do some plumbing, you suddenly won’t be so freaked out when pipes start leaking. Instead of spending hundreds of dollars on a plumber, you’ll just be able to fix the issue yourself without even thinking twice about it.
3) Exercise and Weight Loss
One of my most popular posts on this site is titled, “How I Lost 15 Pounds in 2 Weeks“. Mainly, I was eating better during the stretch, but I was also working my butt off on my newly-purchased foreclosure. I was ripping out floors and tearing down walls – I was definitely working up a sweat! One of the benefits of DIY projects? Losing weight. Not only will you lose the pounds because of exercise, but you’ll be so busy with that project that you won’t even THINK about eating!
Typically, people come from home, eat a quick dinner, and then watch TV for a few hours. It’s the typical American habit. It’s also one of the best ways to turn your brain into mush! As you continually tackle projects around the house and learn how to do more with the tools you have, you’ll begin to understand the true benefits of DIY projects. I absolutely love learning new things, and sit-coms typically don’t teach me anything.
5) Makes For Better Conversation
When you drive home from work and do nothing, your conversation with your friends will be d-u-l-l. You’ll probably talk about the weather or a recent event of the kids’… which doesn’t really qualify as excellent conversation. If you want to be interesting, tackle some DIY projects. You’ll have a ton to talk about with your DIY failures and successes.
6) Can Make Money With It
There are plenty of people that have gone beyond just saving money with DIY – they have actually EARNED money with it! Through YouTube, Pinterest, and their own blogs, many DIY-ers are showing people what they’ve done and how they do it, and they have visitors flocking to their pages. And, as we all know, if you capture a large audience, there is a bunch of money that can be made.
Fixing up your house does more than just make it prettier, it adds equity. I replaced all the windows in my house and it has suddenly become more efficient, which is saving me money in utilities. But, it’s also a great selling point if Liz and I would ever decide to move. With the new windows and the awesome new paint job, our house is now worth closer to $135,000 than the $125,000 it was before.
8) Can Impact Someone Else’s Life
By learning how to hang drywall or install tile floors, you can use these skills to impact someone else’s life. It could be as simple as helping a friend with their own DIY project or you could help build a Habitat house in your neighborhood. One of the HUGE benefits of DIY projects is being able to help others when they’re in need.
9) You Gain Contentment/Satisfaction
When you start doing your own projects around the house, you start to look at your home differently. No longer is that bathroom just the “master bath” – it’s the hand-crafted tile work and plumbing that you tackled all on your own. You absolutely love walking in that bathroom to see your work each and every night.
With this growing satisfaction comes a increased want to stay in the same house, which will help make you rich. Studies show that most millionaires stay in their home for 20 or more years without moving. There may be more benefits of DIY projects than just saving money – heck, it might just make you a millionaire!
10) People Respect You More
DIY projects are scary to many. They’re afraid that they might screw up the project and have to hire a professional to undo their mess. If you begin to talk about installing siding and windows on your house, many will be impressed at your efforts. If you’re looking for more respect, then you might want to get that tool belt out more often!
The Many Benefits of DIY Projects
I absolutely love DIY projects. Most of the time they’re simple, effective, and they save me loads of money! But, there are clearly so many other benefits as well! Have you ever tackled a DIY project?
Have you experienced the benefits of DIY projects? What is it that you did?
This post was originally written in 2015 and has been a bit hit ever since! It has since been updated and republished. The most recent update was on October 4th, 2020.
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.