8 Low-Cost Fixes to Increase Your Home's Value
Thursday Mar 21st, 2019Share
Almost all homeowners end up taking on a renovation project at one time or another. Whether you’re looking to sell your home or want to spruce up your space for your own enjoyment, small fixes can significantly increase your home’s value.
According to Forbes magazine, 58% of homeowners will take on a renovation project this year, many spending up to $10,000 or more. But if you’re looking for small, inexpensive fixes that will yield a substantial return on your investment, here are some ways to give your home a facelift without breaking the bank.
1. Fresh paint
Nothing says “refreshed” like a new coat of paint. Most homeowners can repaint an entire room with high-quality paint for less than $150. If you’ve got resale on your mind, consider choosing a neutral color that will appeal to a wide variety of buyers.
2. New light fixtures
Few things age your home like outdated light fixtures. If your home still features a brass candelabra above the dining room table, it’s probably time to invest in newer lighting. Simple online searches can help you find high-quality light fixtures at surprisingly affordable prices. To save even more money, install the light fixtures yourself and forego the electrician.
3. New faucets
Kitchens and bathrooms sell homes more than any other room of a house. Making small changes in these areas can increase your home’s value dramatically. One easy improvement? Adding new faucets to modernize your space. Choose finishes that complement fixtures, cabinet hardware, and appliances. Install faucets yourself for even greater cost savings.
4. Kitchen backsplash
If your kitchen needs a facelift, a new backsplash can bring color, interest, and modern styling to an outdated space. Of course, new cabinets, appliances, and countertops are the best ways to increase your home’s value, but those renovations are pricey. If you’re looking for an inexpensive fix, consider installing a backsplash. Check out these great ideas for inspiration.
5. Remove popcorn ceilings
Many years ago, popcorn ceilings were all the rage. Now, they severely date your home. We’re not going to lie: removing a popcorn ceiling is a messy business, but with a little preparation and a lot of elbow grease, you can give your home a fresh, new look. Learn more about DIY popcorn ceiling removal here!
6. Replace door and cabinet hardware
It’s amazing what a little hardware upgrade can do for the overall look of your home. Old doorknobs and drawer pulls can show years of wear and discoloration. New hardware is a low-cost fix that adds new life to your space. Be sure the new knobs and pulls match the overall feel of your home.
7. Clean the carpets
If your carpet exposes years of abuse, but replacing it isn’t in your budget, try a professional carpet cleaning. Yes, it’s finally time to fork up the money and pay the pros: a deep, professional cleaning often costs less than $100 per room, but the potential returns far outweigh the cost.
8. Landscaping and curb appeal
Whether you’re making updates in hopes of selling your home or you just want to rejuvenate your space, landscaping can make a huge difference. Easy, inexpensive fixes can make a big impact on your home’s first impressions. Simply removing overgrown plants, adding some colorful flowers, and fertilizing your lawn can increase your home’s overall value immensely. If you’re looking for more ways to update your home’s exterior, check out these ideas!
One place you shouldn’t cut costs? Selling your home. When it comes time to buy or sell real estate, hiring a Realtor is worth the cost. You’ll get the best price for your home, maximum representation, and expert advice.
And if you’re renovating your home solely for your own enjoyment? Well, once the renovations are all said and done, sit back and bask in the glory of your accomplishments – and marvel at how little impact these fixes had on your bank account.