Owning a home is both special and valuable to your pocket. When doing any kind of renovation, you will want to choose wisely because not all renovation projects will increase your home’s value. Here are some budget-friendly projects that professionals in the industry say will help you get a return on your investment.
Upgrade Flooring
Flooring is one of the first things a potential homebuyer sees when entering a home. Remember that first impressions count and your flooring is one of those that goes a long way when it comes to first impressions. This seems like a large project but it can be a DIY project if your budget is on the smaller side. If you choose the DIY route there are helpful tips with online tutorials and there are many easy-to-install flooring options for you to choose from. Remember when choosing an easy-to-install option, make sure that it is of nice quality.
If you do not feel comfortable with a DIY approach, you can also cut the cost by just replacing the flooring in the main areas and cleaning the carpet in the bedrooms. You can rent a carpet cleaner or hire a professional to clean the carpets.
Update Fixtures
Adding updated lighting fixtures to your bathroom and kitchen is another way to freshen up the space. This is an easy DIY project which can be done without the extra expense of a professional. When replacing the lighting fixtures, you will want to make sure that the new fixtures’ finish compliments the appliances and the cabinet hardware. Another area that is first seen by a buyer is the front door. You might want to give the front door a fresh coat of paint and replace your front door lighting.
Minor Bathroom Remodel
You do not have to tear out your entire bathroom in order to update it. An overhaul of the whole space can be very expensive. There are simple things like replacing old caulking in the tub or shower and replacing hardware that can give your space a nice facelift. Another option would be to replace the flooring with a nice tile floor which will add value to your home. Storage is a must so if you can afford it, replace the vanity with a nice vanity with plenty of storage space.
Outdoor Space
Ever since the pandemic, a home’s outdoor space has become a big priority. Make sure you have a nice yard before doing any outdoor entertainment area. You can do this by laying new sod and installing a nice fence. If your yard is ideal, then just skip to adding an outdoor entertainment area which will also add value to your home. Examples can range from adding a new firepit, deck, or patio, or a cement pad with a pergola. These outdoor projects will help add value and a great space to entertain or just enjoy the outdoors.
Remember to get the advice of a local real estate agent in your area who understands the home values in your community. You do not want to make so many updates and improvements to your home that will make it out of proportion to your selling price. A local real estate agent can help you decide which updates would give you the most return.