It’s true that boosting the value of your home can get expensive, but it doesn’t have to be. From embracing the natural light inside your home to improving your curb appeal, there are many home upgrades that can increase home value and make a big impact, without breaking the bank. Here are 10 projects to increase home value on a budget that will not only bring a return on your investment but will also add joy to your life.
1) Declutter to increase home value
Decluttering is one of the most inexpensive ways to increase home value. Pay particular attention to your kitchen and bathrooms, as well as your living room, as these are most often a home’s best selling points. Tackle this project room-by-room, and don’t move on until the room is finished so you can avoid creating an endless pile of stuff.
Decluttering can be a huge task for just one person to complete. Working with a professional organizer may be the best choice, and can even increase a home’s asking price by up to 5%.
2) Deep clean your home
After you’ve decluttered, the next step is to deep clean your home. That means it’s time to wipe and dust every surface, mop, and vacuum carpets and floors. Dig deep into the kitchen, make your bathroom shine, and tidy up your living room. Consider hiring a professional cleaning service; they’re less likely to overlook something that may not be on your cleaning checklist. They’ll also be able to reach every nook and cranny of your home to leave it shining so you can increase home value, sell your house quickly, and for more money. In fact, according to a 2019 survey by HomeLight, deep cleaning can add as much as $4,000 to your home’s resale value.
3) Paint your home, inside and out
When selling your home, it’s important for potential homebuyers to picture themselves living there. Dull, dingy, chipped, or low-quality paint may discourage buyers and hurt your property value. Avoid busy and bright colors as these shades tend to turn attention away from the home itself. Painting the interior of your home in a neutral color requires a relatively small investment for what you’ll get in return, which is usually increased home value, more interested homebuyers, and hopefully more competing offers.
4) Replace the garage door
Your garage door has likely experienced a lot of wear and tear over the years. How did it sound the last time you opened and closed it? You may have forgotten about dents from bike wrecks or flying balls after a while, but buyer’s will definitely notice. Check the sweep, too. If blowing rains come under the door, chances are critters do too and the sweep needs replacing. For less than $5,000, on average, you can increase home value and reap an ROI of almost 94 percent when you replace it.
5) Increase home value by upgrading your kitchen
It’s easy to understand why the kitchen is a huge selling point for buyers, they often imagine preparing meals and socializing with family and friends in the new space. Budget-friendly and simple improvements include repainting cabinets, adding a backsplash, and replacing the sink. You can also opt for eco-friendly options and upgrade to a low-energy microwave, select water-efficient features, and energy-efficient lighting.
6) Pay attention to your yard
First impressions make a difference when selling a home, and sprucing up the exterior of your home is just as important as the interior. Put yourself in the buyer’s shoes. Would you feel compelled to tour a home if it didn’t look well kept on the outside?
8) Let the light in
More lighting can bring life into a room. While a poorly lit room can feel small, dark, and cramped, a brightly lit space does just the opposite. The proper lighting can make your home look cleaner, more spacious, and increase home value. Try to schedule open houses and home tours during the brightest time of the day, and be sure to open window blinds to increase natural light.
8) Focus on the bathroom
The bathroom is one of the most important rooms to prospective buyers, and a few budget-friendly updates can take it to the next level. Consider replacing the sink faucet with a stylish alternative, switching out your showerhead, adding granite or marble countertops to your bath vanity, or upgrading the lighting.
9) Pay attention to the details
Even the smallest updates have the ability to dramatically improve the appearance of your home. Check out these quick and budget-friendly improvements that can increase home value:
- Updating knobs on kitchen cabinets and doors
- Fix loose wires and leaky faucets
- Add attic insulation
- Wrap up home projects and little repairs
- Replace faceplates and wall switches
- Refinish your hardwood floors
- Regrout floor and shower tile
10) Hire a home inspector
If you’re preparing to sell your home, it’s a good idea to schedule a pre-listing home inspection to check out the areas of your home that you don’t normally see and identify any problems in advance. Home inspectors look for underlying safety issues on the home’s structural, electrical, and mechanical systems that could severely impact a buyer’s resources to make necessary or needed repairs. Roof damage, a termite infestation, a water leak, or outdated electrical wiring will surely decrease property value. If you’re aware of the issues, you’ll be able to get them repaired before listing your home all while increasing the value of your home.
Read full article on :Redfin.com