Whether you’re thinking of listing soon or just want to improve the ambiance, it’s possible to make big changes on a small budget. These low-cost, high-impact home improvement projects can boost both comfort and value.
Labor costs usually represent the bulk of home renovation expenses. Stick to less-specialized jobs if you want to save money.
Paint
A fresh coat of paint might seem like a minor upgrade, but it’s one that can add significant value to your home. It eliminates dirt, marks and stains, making rooms feel clean and new. It’s also an inexpensive way to refresh a room.
Nick Slavik, owner of a painting company, says it’s one of the most effective DIY projects homeowners can undertake to make their homes feel more updated. And while it’s not the most cost-effective project on this list, he says it’s still a great option for budget-conscious homeowners.
For other cheap home improvement projects, Slavik suggests decluttering and reorganizing to create more space. Rearranging furniture, adding slip covers and rethinking the knick-knacks can also help homeowners refresh their homes without spending money. He also recommends spray painting light switch plates, outlet covers and cabinet pulls a bold color, such as brushed gold or oil rubbed bronze. But it’s important to remember that not all DIY projects are worth the investment of time and energy, or safe for homeowners to undertake on their own.
Install New Flooring
Installing new floors is a major home improvement project, but you can get it done without going into debt or ransacking your savings. Before starting a flooring renovation, look into financing options offered by your installer. These are typically available for qualified homeowners who have built up significant equity in their homes.
Another way to save money on new floors is by being flexible with your material selection. For example, if you’re set on hardwood floors, consider engineered hardwood floors instead of natural wood. They’re constructed with multiple layers of plywood beneath a solid hardwood veneer and have a more realistic appearance.
Before the installation process starts, move any furniture into an area that is not being renovated. Also, be sure to arrange for any gas hookups and electrical outlets in the room to be disconnected safely by a professional. This will save you the hassle of having to call a repairman on installation day.
Upgrade Your Lighting
Homeowners often struggle to determine which projects are worth the cost of labor and materials, especially when they’re trying to figure out how much they can recoup on a renovation project when it comes time to sell. To help, Valdivia recommends starting small and focusing on the details to add value to your house.
For instance, replacing out-of-date light fixtures will instantly modernize the look of your home. In addition, the right light fixtures can make a room feel warmer and more inviting.
Other small but high-impact projects that will help you build your style and increase your house’s value include painting cabinetry, upgrading doorknobs and handles to a more modern style, and installing window boxes. Another great way to increase your home’s curb appeal is by planting perennial flowers and bushes, which will return year after year. Lastly, adding storage to your kitchen can be an inexpensive but impactful upgrade. Whether it’s a new pantry, open shelving or wine rack, extra storage will make your kitchen more functional and appealing.
Add Storage
Adding storage can make a room feel more spacious, and is an easy way to add value. You can add shelves, cabinets or even a pantry. Having ample storage will be a huge selling point for buyers.
Another way to make your home more appealing is to update the landscaping. Adding flowers and other greenery is an inexpensive way to add curb appeal. Creating a welcoming front yard will help potential buyers envision themselves living in the space.
While whole-house renovations can be expensive, there are plenty of DIY projects that can boost your home’s value without draining your savings or going into debt. Painting, re-grouting tile and cleaning up the yard are low-cost ways to improve your space. And remember that simple upgrades like decluttering and reorganizing can have a big impact on your home’s appearance and feel. Staying on top of your maintenance and repairs will also help keep the cost of home ownership down.