10 Ways to Increase Home Value on a Budget!
Of course a brand new kitchen and completely renovated bathrooms can add tens of thousands of dollars in home value. There are several ways to improve the general impression and update the look of your home without investing a fortune.
1. Give your walls a fresh coat of paint.
There is a feeling of brand newness that accompanies a freshly painted room. This small investment has a huge return when you're accepting offers.
2. Deep clean the home.
Either spend the time, or hire someone, to thoroughly detail the home just as you would with a used car for sale. Every nook and cranny should be able to pass a white glove test. In home sale cage match, clean beats updated every time.
3. Re-caulk your sinks and tubs.
Removing all of the old caulk and replacing it provides a squeaky clean and new impression in those areas that tend to show a lot of wear and tear.
4. Buy matching front panels for appliances.
Appliances are not part of the property, they are a freebie that the buyer may or may not inherit with the sale. New appliances don't necessarily add value to the property, but can influence a buyer. Having all brand new appliances is nice, but appliances that match and look clean and new can also provide a similar result.
5. Purchase new handles for your cabinets.
A cabinet makeover can have as much impact as replacing the cabinets, as long as you have taken the time to properly clean them.
6. Purchase new shades for old lamps.
When you're creating an image, small improvements add to the overall effect.
7. Purchase new faucets.
A brand new faucet to match the new cabinet hardware really pulls together the overall look.
8. Update flooring.
Remove any stained or old, outdated carpet. There are numerous flooring products on the market to provide the look of expensive wood or tile, many of which you can install yourself in an afternoon.
9. Spruce up your yard.
Trim or pull any overgrown bushes, trees, or plants. Add some new soil, mulch, or sod, and keep flower beds tidy and neat.
10. Protect your home with a home warranty.
A home warranty is a service contract that covers the repair or replacement of important home system components and appliances. It can ultimately save a lot of money.
If you are planning to sell, these affordable updates add value to your home and attract a good offer. If you continue to live in the home, you can give your home the look and feel of a brand new house.
Reference: 10 Ways to Increase Home Value on a Budget by Robert Chubb