The whole renovation process might increase the value of your property. Some options do not require you to take on debt or deplete your finances. You won’t break the bank painting, regrouting tiles, and power washing the exterior of your house, but these upgrades can boost the value of your home significantly.
You can offer more money for your property when it’s time to sell with some initial capital, a DIY attitude, and a few bucks. Your living space might benefit from an upgrade even if you don’t have the intention of selling your house yet. Here are some high-value, low-cost home remodeling ideas.
Renovation trends for 2018 and 2019 suggested that the kitchen and the master bathroom updates are the most expensive home renovations. Experts recommend limiting cheap home improvements to things like sprucing up decor or painting, landscaping, and changing fixer-uppers.
Eight Easy Steps to Interior Updates
Bring the Walls Back to Life
Paint and elbow grease can make a massive difference if you have walls covered with scratches, dirty paint, outdated colors, or faded wallpaper. Choosing a neutral color scheme will help sell your home for more money because it will make the spaces appear larger, create a greater sense of spaciousness, and appeal to a wide range of buyers.
Place Crown Molding
It is surprisingly simple to install crown molding in your home, which will give the character of your room. A home improvement store will sell molding you can buy, and you can cut it to fit your space (or have them cut it for you). Nail the molding to the top of the wall with a nail gun. You can even purchase them already painted. You will need some woodworking skills and the right tools to install crown molding, but it is a very affordable solution.
Several inexpensive yet practical ways are to personalize curtain rods, outlet covers, light fixtures, and doorknobs. It can cost only $5 to purchase attractive metal switch plates or outlet covers, but they look far more expensive. It’s not always possible to make an inexpensive light fixture look elegant with spray paint, but sometimes you can make a decorative curtain rod look lovely. When choosing color and finish options for your sale items, be sure to please a wide range of customers.
Obtain and Install Ceiling Fans
Ceiling fans are an attractive addition to any home since they save on electricity bills. By circulating warm air away from the ceiling, ceiling fans reduce air conditioning costs. It’s not hard to find an inexpensive primary fan. You may need to hire a professional if overhead lighting doesn’t already have wiring attached, which would spike the cost of this project.
Enhance Window Treatment Options
It is worthless to have cheap vertical plastic blinds, paper shades, or horizontal aluminum blinds as part of your home’s value. Replace them with wooden blinds, plantation shutters, or drapes. When selling your home, choose neutral options that can increase its value.
The Restoration and Resurfacing of Hardwood Floors
Hardwood floors are typical in older homes, especially ones covered in carpet. The sound of squeaky floors indicates that your flooring may be made of wood. Take a look beneath your carpet in an unnoticed corner if you’re not sure. The beds will need a refinishing coat to restore their former glory, but it will cost much less than installing new flooring.
Maintain a Clean Fireplace Brick
Brick fireplaces that burn wood will, more than likely, have soot and creosote stains. Make your fireplace as appealing as possible since it’s a huge selling point for your home. Clean the fireplace with a fireplace cleaner that removes creosote after wiping away soot with a damp rag. While you’ll have to scrub the brick several times with a stiff brush, the results will be worth it.
Having a Finished Basement Enhances the Value of Your Home
Unfinished basements may save you money when buying a house, but finished basements provide instant value. An addition usually costs more than adding usable square footage. The buyers can also envision new uses for the space.
Invest in Energy Efficiency
When a home inspector examines your home, they will look for signs of poor insulation or draughty doors and windows. Thus, homeowners incur higher energy costs. Add additional insulation to your attic as a first step. Protect your home against energy loss by sealing cracks around doors, windows, light switches, and electrical sockets.
One-paned, drafty windows are likely to turn off prospective buyers. Saving money on heating and cooling costs is possible by installing Energy Star-rated windows. In addition to the Energy Star rating, you can get a green energy tax credit when you upgrade.
Replaced windows might not significantly affect your quoting because buyers expect high-quality windows before they buy. But failing to replace them might lead to a decrease in it.
If you don’t want to take on debt to renovate your home, you can use a home equity line of credit (HELOC).
Updating the Basics of Your Bathroom
Renovate the Bathroom Floor
Installing the system yourself can save you quite a bit of money. You can take classes at your local home improvement store if you are unfamiliar with flooring installation. Choosing more beautiful flooring if you save money on labor is a wise choice. Make your bathroom more appealing with neutral-colored tiles.
Kitchen Updates You Need to Know
Refinish Kitchen Cabinets by Painting or Staining
By purchasing premade (rather than custom) cabinets and installing them yourself, you can save money and time overpainting or staining your existing cabinets. In addition to brightening up your kitchen, white cabinets don’t go out of style and are easy to paint if you decide to sell in the future. Including the doors, you must strip the cabinets of all hardware. To avoid smudging your work, you should also clean the cabinets first. You may also want to revamp your bathroom cabinets.
Replace Drawer and Cabinet Handles
The one innocuous element that gives your kitchen an outdated appearance is the cabinet doorknob. Even if you don’t completely overhaul your cabinets, you can receive a facelift by updating this hardware.
Add a Backsplash to Your Kitchen
Even though the backsplash is a large part of the kitchen, it does not cost a lot. Installation of the backsplash tile will take place on Saturday, followed by grouting and sealing on Sunday.
Lighting Upgrades for Kitchens
Modern kitchens serve a variety of purposes. Besides serving as a place for the cook to prepare meals, they also serve as a workstation for kids and adults and a gathering place for family meals and dinner parties. Using kitchen lighting to set the mood is essential, but you can also design a custom solution that suits your family’s needs and fits existing wiring constraints.
Refresh the Exterior and Save Money with These 7 Tips
Even though you spend most of your time inside, the exterior of your home is often the first thing people notice about your home. You can enhance its appearance in several ways.
Replace the Front Door with a New One
If you add another $100 to $200 to the cost of a basic steel door, you can get a much more attractive door that will improve the curb appeal of your home. You may need only paint your door in a pleasing color if you cannot afford a new one.
- Replacement of fiberglass entry doors was 85 percent cost-effective on a list of upscale remodeling projects.
Put a New Mat on Your Front Door
You might not notice how worn out or dirty your doormat has become when you’ve had it for years. The first impression of your home comes from the yard, so $20 here can contribute significantly.
Wall Surface Replacement
A home’s siding is often considered in an appraisal procedure because it is part of structural elements. Replace your siding to increase the value of your home instantly.
Maintain the Gutters
Although maintaining gutters contributes to preserving the value of your home than increasing it, it is essential nonetheless. When your gutters don’t work correctly, rain can seep into your home or pool around it. Channels carry water away from your home foundation, so mold or mildew problems may arise. Water damage eventually compromises the structural integrity of a house, which may lead to more costly repairs.
Clean the Outside of Your House by Power Washing
Almost as good as painting your home’s exterior, pressure washing can save you time and money.
Think about a new paint job if washing your home’s exterior did not make it appear more bright and shiny. As this job involves ladders and heights, it may not be a DIY project for everyone, but even if you have to hire someone to do it, it is still very affordable compared to other home improvements and can make your home look like new from the outside.
Clean the Driveway, Pathways, and Patio by Power Washing
It might be a good idea to clean the paths and driveway while you rent the power washer. The new look they’ll have afterward may surprise you.
Improve Existing Landscaping
An exterior plant or flower is a great way to spruce up your home. Bring attention to your house with greenery around your front yard or along walkways. Choosing perennials over annuals, which are seasonal, will help you get the best value for your money. Don’t forget to cover bald spots in the yard with fresh sod (or seed the lawn with fresh grass seed if you have the time) and trim trees and shrubs to complete the garden’s new look.
Lighting Can Enhance Decks
It may seem complex to DIY landscape lighting, but low-voltage systems are accessible to even the most inexperienced DIYer. You’ll even be able to increase safety if you use your deck as the focal point. A low-voltage system is plugged into a GFCI outlet, making it considerably less dangerous than household wiring. It converts energy by providing 120 volts of power with 12 volts. To control the lighting fixtures, current flows through outdoor cables. Approaching a deck lighting system can be done in several ways.
In a Nutshell
There is nothing prohibitive about upgrading your home, and you don’t need to hire a contractor to do it. A home can be made more valuable through DIY and home improvement projects, both small and large, regardless of price or skill level. If you’re planning to stay or sell your home, consider implementing some home improvement ideas.
Consider testing your trades on a virtual platform before you spend your money. Put yourself in the shoes of a trader so you can practice when you enter the market. Earn $100,000 in virtual cash by competing for risk-free above actionable renovation steps.
Which remodeling tip do you find beneficial? Leave a comment.
- Fontinelle, A. (2020, October 30). Do-It-Yourself Projects to Boost Home Value. Investopedia. https://www.investopedia.com/articles/mortgages-real-estate/08/diy-home-projects.asp
- 30 Tips for Increasing Your Home’s Value. (n.d). HGTV. https://www.hgtv.com/design/remodel/interior-remodel/30-tips-for-increasing-your-homes-value
- Gerhardt, N. (2021, May 30). 20 Home Renovations Increase Home Value Instantly. Family Handyman. https://www.familyhandyman.com/list/home-renovations-that-instantly-add-value-to-your-home/
- Crew, S. (2020, JULY 20). 50 Clever Ways to Instantly Add Value to Your Home. Best Life. https://bestlifeonline.com/home-value-upgrades/
- 7 HOME IMPROVEMENT PROJECTS THAT ADD VALUE (AND 3 THAT DON’T). (n.d). Seattle. https://www.seattlecu.com/blog/7-home-improvement-projects-that-add-value-and-3-that-dont