6 Inexpensive Ways to Increase the Value of Your Home
If you’re getting ready to sell your home, then you’re probably thinking about how you can make the biggest profit possible. There are some inexpensive upgrades you can do to increase the value of your home that won’t break the bank, and can pay off exponentially.
Before you make any serious changes to your home, we recommend taking some time to peruse home decor magazines and check in with your realtor to get some advice. What are the trends in home design right now? Your real estate agent should also be knowledgeable on what people like and don’t like when they’re searching for a home.
Many of these changes are about giving a great first impression to potential buyers, whether it’s in the listing photos that will appear online or during home tours. People want to be in a place that feels fresh and new, and you want to eliminate any obvious potential problems that buyers will have.
Here are 6 inexpensive ways to increase the value of your home:
Giving both the inside and outside of your home a fresh coat of paint can make a huge difference! This is a super easy fix, especially if paint is worn down or outdated. Even if you just painted a room in the last few years though, think about the space from a buyers’ perspective. Is the room bright purple (your favorite color)? You might love it, but painting over it in a more modern, trendy color is a good idea. For tips, check out the BEST and WORST colors to paint your home (this is serious stuff—you could lose hundreds of dollars if you get this wrong).
Tip: You can get a gallon of paint for $25 at Home Depot!
Make a positive first impression with your home’s curb appeal.
You don’t have to do anything fancy or dig up the whole yard and start from scratch, but make sure the lawn is mowed and edged, clean up any overgrown brush, trim the hedge for a neat look, add in some new mulch, and add a couple of vibrant potted plants to the front porch. A few hours spent outside can make a big difference!
Tip: A bag of mulch is less than $4, and it does so much to make an outdoor space look fresh!
Make your home feel larger.
There are a few simple tricks that can make your home feel more spacious. Remove any curtains over windows to take advantage of natural light, add a large framed mirror to a smaller space, and declutter!
Update lighting and light fixtures.
Old light fixtures can really date a place, and the wrong lighting can make things feel dark, cramped, and even kind of depressing! Finding bright, energy-efficient lighting and simple, modern light fixtures can totally transform a space. (Especially be mindful of brass light fixtures—these instantly convey the feeling that something is outdated.)
Tip: Get thrifty! There are tons of discount stores out there, and specifically places to get discount light fixtures.
Worn carpeting can make a home look old.
These days, homebuyers love the hardwood look, and carpets instantly convey an older feel. Consider ripping out any old carpeting in your home and replacing it with flooring that has a hardwood-look to it. Plus, if the same type of flooring continues from room to room in your home, it can make the space feel larger.
Tip: You can update an entire room’s flooring for just a couple hundred dollars. Check out the different types of flooring out there and see how much they cost.
And finally, make sure everything is clean.
Make sure the floors are scrubbed, dust any flat surfaces, clean the windows (inside and out!), make sure sinks, toilets, and baths are spotless! Whether you clean everything yourself or hire a cleaner, this is a cheap way to make your home really shine!
Tip: Check out our 18 tips for having a great home showing!