You don’t have to spend a lot of money to increase the value of your home. There are plenty of small, inexpensive changes you can make that will add up to a considerable value in the eyes of potential buyers. According to the National Association of Realtors, the average person moving into a new home spends about $5,000 on renovations. So if you can make some of these changes for less, you’ll come out ahead.
Here are some of the best ways to increase the value of your home while saving money.
1. Paint your front door.
Your front door is one of the first things potential buyers will see when they pull up to your home. A fresh coat of paint can make a world of difference if it looks worn or dated. And since doors are relatively small, painting them is a quick and easy project that won’t break the bank. This will give your home an instant facelift.
Some people only stain their front doors, but paint can provide better protection against the elements. If you’re worried about paint peeling or flaking, use high-quality exterior paint and primer in one. This will give you the best chance of a long-lasting finish. But stains can also be a good option if you want a more natural look.
2. Update your hardware.
Another quick and easy update you can make is switching your old hardware for new ones. This includes door knobs, drawer pulls, faucets, and light fixtures. This is a great way to give your home an updated look without spending a lot of money or doing any major renovations. Many hardware stores offer a wide variety of hardware to choose from, so you’re sure to find something that fits your style.
If you want to save more money, look for promos and discounts. There are many good deals on light fixtures and other hardware if you know where to look. Try home improvement stores, online retailers, and even department stores. They often have sales on these items so you can get them at a fraction of the regular price.
3. Get rid of clutter.
When potential buyers walk through your home, they want to be able to imagine themselves living there. That’s hard to do when every surface is covered in clutter. Remove any unused items from your countertops, tables, and shelves. Put away any toys that might be lying around. And make sure all your closets and cabinets are organized. This will make your home look bigger and more appealing to buyers.
You can also declutter by renting a storage unit. This is a great way to get rid of items you don’t need but don’t want to get rid of completely. You can also use this to store seasonal items you don’t need year-round, like holiday decorations and winter clothing. Always ensure your storage unit is clean and organized, so it doesn’t reflect poorly on your home.
4. Spruce up your landscaping
First impressions matter, so you want to ensure your home has curb appeal. One way to do that is by sprucing up your landscaping. This could mean anything from planting some flowers to power washing your driveway. A little effort can go a long way toward making your home more inviting and increasing its value.
Consider hiring a professional landscaping company if you don’t have the time or expertise to do it yourself. This is an investment, but it will pay off in the long run. But if you have an eye for design and a green thumb, you can probably handle this project independently. Just be sure to do your research so you don’t spend more money than you need to.
5. Give your kitchen a facelift
The kitchen is one of the most essential rooms in any home, so it’s no surprise that potential buyers will place a lot of emphasis on this space when considering whether or not to make an offer. If your kitchen looks outdated, you can give it a facelift without spending a fortune by painting the cabinets, updating the hardware, and installing new countertops.
While kitchen renovations are almost always expensive, you can save a lot of money by doing some or all of the work yourself. You can also cut costs by shopping around for the best deals on materials and appliances. Just be sure not to skimp on quality, as this will decrease the value of your home in the long run.
You don’t have to spend a lot of money or do any major renovations to increase the value of your home. You just have to be willing to put in a little elbow grease. With these tips, you can give your home the update it needs without breaking the bank.