When you are a homeowner, it is important to understand that whatever improvements you do to your home should inevitably increase the value of your home. Regardless of how big or how small the improvement is, that improvement should add value. If your budget does not have room for a major remodel, don’t worry! There are a few things you can do to your home to increase its value with very little cost. Let's take a look at 4 cheap ways to increase home value.
Refinishing Existing Cabinets, Countertops, Bathtubs, Sinks, and Vanities
When it comes to figuring out how to add value to your home on a budget, you’ll quickly learn that refinishing something is much better than replacing it. One of the biggest places to add value to your home is in the kitchen and bathrooms. However, replacing the items in these rooms can be extremely expensive. Luckily, if there is nothing wrong with the cabinets, countertops, bathtubs, etc. besides the fact that they are outdated, refinishing them will save you up to 75% vs replacing them. Most refinishing projects take between 2-3 days to complete.
When it comes to refinishing, you have a multitude of options. There are sprays, epoxy overlays, and let’s not forget about good old sanding and staining. A few days, some elbow grease and you will have an updated kitchen and bathroom you will fall in love with (or buyers will want to grab up!)
Tweak Your Curb Appeal
When you pull up to your home, try looking at it as if it is the first time you’ve seen it. What stands out to you? Are there dead bushes in the front beds? Is the shutter a little crooked? Does the front door seem plain? Make a list of any problems you see and fix them. Now, consider what you can do to improve the curb appeal. Mulch your front beds and add some seasonal flowers and bushes. Mulch around the tree in your yard and add some flowers and plants. Make sure the beds are weeded regularly and give your front door a makeover. There are a lot of little things you can do for little money that will make a huge difference in your curb appeal.
Hardware In The Kitchen
Something as simple as changing out the hardware on the cabinets and drawers in your kitchen can make a huge impact in your kitchen.. This is definitely one of the easy home improvements that add value to your home. Select hardware that will match your newly refinished kitchen cabinet style. Buy handles and knobs to install on all the cabinetry in the kitchen. This simple upgrade will make a big difference
Add Crown Molding
Crown molding seems like a simple item that doesn’t make much of a difference, but it truly does! This is definitely one of the most cost effective home improvements a homeowner can do to their home to increase the value. Crown molding is cheap to purchase and simple to install. A few corner cuts, a few taps of a hammer and your rooms will look brand new without changing anything else.
Crown molding adds depth to the room. Be on the lookout for more affordable crown molding because there are multiple options out there. Some of the options are incredibly expensive. Just keep in mind that the crown molding is high above near the ceiling and very few people are going to look at it too closely to see what type of material it is. There are some beautiful, affordable molding options out there, you just have to keep an eye out for them.
Now that you know how to add value to your home on a budget, get out there and start looking for the materials you’ll need to get started. You can accomplish a few projects over the next month or two. Whether you plan on enjoying the new improvements yourself or if you are planning to put your home on the market, get started on creating a higher return on your investment in your home.