If you’re looking to sell your home or just want to increase its value for future resale, you can do several cheap renovations that will make a big impact. From simple projects like painting the front door to more involved undertakings like updating the kitchen cabinets, there are plenty of ways to add value to your home without breaking the bank. In this blog post, we’ll explore eight of the best cheap renovations you can do to boost your home’s value.
Why You Should Work On Your Home Value Even If Your Not Going To Sell
Homeownership is an important investment and it’s important to maintain the value of that investment. Whether you plan to stay in your home for years or just a few months, investing in upgrades and even small projects can do wonders for its value.
Keeping up with paint and landscaping jobs during your ownership period not only keeps your home looking nice, but it can also attract potential buyers who may be interested when moving on.
Regular upkeep ensures that when you decide to finally put your home on the market, you’ll have a much better chance at getting the most out of it.
Below are eight of the best ways to invest in your home without breaking the bank:
- Paint the Front Door
A fresh coat of paint is one of the quickest and cheapest ways to add curb appeal and boost your home’s value. When choosing a color for your front door, opt for something that complements the exterior color scheme of your home.
A new coat of paint can cost as little as $100, making it one of the most cost-effective ways to add value to your home.
- Add Landscaping
Improving your home’s landscape can truly be a transformative experience. Adding well-crafted and carefully chosen plants into your atrium or garden can do wonders for your home’s visual appeal and value.
Flowers, shrubs, and trees can bring life to a yard that may previously have seemed barren or dull. With scientifically proven benefits for stress relief, increased oxygen flow and improved air quality, bringing more of the outdoors into your home could be the best decision you will make in regards to improving your living environment.
Landscaping can be a bit more expensive than painting, with an average cost of $500-$1,000 per project. However, it’s still a relatively inexpensive way to add value to your home.
- Update the Bathroom
One of the best ways to add value to your home is to update the bathroom. Something as simple as replacing old fixtures or adding a new coat of paint can make a big difference in the look and feel of your bathroom. If you’re looking for a more extensive renovation, consider gutting the bathroom and starting from scratch.
The average cost of a bathroom renovation is $3,000-$5,000.
- Update the Kitchen
Like the bathroom, updating the kitchen is another great way to add value to your home. Again, something as simple as painting the cabinets or replacing old appliances can make a big difference in your kitchen’s overall look and feel.
If you’re planning a more extensive renovation, expect to spend anywhere from $10,000-$20,000 on average.
- Add Storage
One thing that potential buyers are always looking for is storage space. If your home lacks adequate storage space, consider adding some additional shelving or cabinets. This is especially important in smaller homes where every square foot counts.
Adding storage space can be done relatively cheaply and easily and will definitely increase the value of your home.
- Finish the Basement
Upgrading your home can be daunting, but finishing an unfinished basement is one of the most rewarding investments you can make for both monetary and personal reward.
Finishing off this space not only adds extra room to your home but also increases the resale value of it in anticipation for when you are ready to move on and take the next step.
Even turning this space into an extra bedroom or bathroom can drastically improve your home’s worth monetarily and in terms of comfort. With some creativity, planning, and effort, you’ll have a beautiful space that blends in with your home’s existing features and creates something amazing.
The average cost of finishing a basement is $6,000-$10,000 depending on the size and scope of the project.
7 . Paint the Interior
A fresh coat of paint can do wonders for any room in your house but is especially important when trying to increase its value. When choosing paint colors, opt for something neutral that will appeal to a wide range of people. You don’t want potential buyers being turned off by bold colors that they might not like.
A gallon of paint typically costs between $25 – $50, making painting one of the most inexpensive ways to renovate y our home.
8 . Clean Up
One of the easiest and most cost-effective ways to add value to your home is to clean it from top to bottom thoroughly. Get rid of any dust, clutter, or grime that has been accumulating over the years. Doing so will make your home look brighter, cleaner, and more inviting without breaking the bank.
Average cost is anywhere from $50-$800 depending on buying simple cleaning supplies or getting deep cleaners and power washers to really give the house that extra shine.
Conclusion
These are all cheap renovations that’ll go a long way when trying to increase how much your house is worth! Most importantly, though – when going through with any type of renovation – consider what potential buyers in YOUR AREA would like/be willing to pay for!
Not everyone wants or needs granite countertops but EVERYONE wants their house clean! Best part about these tips? You don’t even need contractors! You could feasibly do all 8 tips mentioned here over thhe course foa weekend!
