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How to Boost Your Home Value on a Budget

Friday, January 13, 2023   /   by Laura Larson

How to Boost Your Home Value on a Budget

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It's true that increasing your home's worth can get pricey, but it doesn't have to. There are various home improvements that can boost house value and have a significant impact without breaking the bank, from making the most of the natural light in your home to enhancing your curb appeal.
 
Here are 12 inexpensive home improvement projects that can not only boost the value of your house but also make you happier.
 
1) Reduce clutter to boost property value
It happens to everyone; items that should be stashed away have found new homes elsewhere and the storage closet that was once empty is now full. If this sounds similar, right now would be a wonderful time to start getting rid of things you don't need. It might be a difficult undertaking for one individual to finish decluttering. The greatest option could be to work with a professional organizer, who can even raise a home's asking price by up to 5%.
 
2) Thoroughly clean your house
Deep cleaning your home is the next stage after decluttering. That means it's time to dust and clean every surface, mop the floors, and vacuum the carpets. Spend a lot of time in the kitchen, cleaning up the bathroom, and organizing the living room. Additionally, the smell can leave a lasting impression, especially if it smells awful. Potential buyers may be put off by the smell of your property due to pets, children, food, and other factors.
 
3. Paint your house, inside and out.
It's crucial for buyers to envision living in your house while you're trying to sell it. Paint that is dull, dirty, chipped, or of poor quality may deter purchasers and lower the value of your home. Avoid using complex or bright colors because they have a tendency to draw attention away from the actual residence. Neutral interior painting costs little compared to the benefits you'll receive, which often include an increase in property value, more interested buyers, and hopefully more competitive offers.
 
4) Upgrade your garage door
Your garage door has certainly suffered a lot of wear and tear over the years. The last time you opened and closed it, how did it sound? After a while, you could have forgotten about flying balls or bike crash dents, but buyers will undoubtedly notice. Examine the sweep as well. If blowing rains come under the door, chances are vermin do also and the sweep needs replaced. When you replace it, you may often enhance the value of your property by less than $5,000 and get a return on investment of about 94 percent.
 
5) Insert faux stone veneer
Consider adding stone veneer to your home to truly freshen things up and boost property value. Several house types work well with manufactured stone, which gives a home a rich appearance. When you're merely going to sell your house, why would you want to invest money in an update like stone veneer? If your property is competing with several others in your region that are similar in look, a stone veneer is a terrific method to draw attention to your listing and might help you sell your home quicker and for more money.
 
6) Remodeling your kitchen
It's understandable why buyers consider the kitchen to be a major selling element because they frequently envision entertaining guests and making meals in the new room. Repainting cabinets, including a backsplash and a new sink, are straightforward and inexpensive upgrades. Additionally, you can choose eco-friendly alternatives and update to a low-energy microwave, water-saving fixtures, and energy-saving lights. Whatever renovation you decide to carry out in the center of your house, it should make you feel more at home there. In their yearly Remodeling Impact Report, the National Association of the Remodeling Industry rates remodeling your kitchen a "pleasure score" of 9.8.
 
7) Take note of your yard
When selling a house, first impressions matter, therefore maintaining the exterior of your house is just as crucial as maintaining the interior. Consider yourself the buyer. If a house didn't appear to be properly kept on the exterior, would you still feel obliged to explore it? The value of your property can rise by up to 7% thanks to curb appeal, which also helps sell your house quickly.
 
8) Let the light in
Adding more light may make a space feel more alive. Poor lighting can make a space feel small, dark, and claustrophobic; good lighting has the exact opposite effect. Your home can look more orderly, large, and valuable with the right lighting. In order to maximize natural light, try to schedule open houses and home tours during the sunniest part of the day. Replace dull lamps with bright, warm-spectrum bulbs. The most beneficial home trend right now is recessed lighting, therefore take into consideration implementing it in your house. Even adding a striking light fixture, say in the foyer, can boost the appearance of value and character in your house.
 
9) Pay attention to the restrooms
One of the most crucial rooms to potential buyers is the bathroom, which may be improved with a few low-cost renovations. Think about changing your showerhead, installing granite or marble worktops to your bathroom vanity, replacing the sink faucet with a fashionable replacement, and updating the lighting.
 
10) Focus on the small things
Your home's appearance can be drastically enhanced by even the slightest modifications. Check out these simple, inexpensive upgrades that can raise the value of your home:
 
- Replacing cabinet and door knobs in the kitchen
- Repair dripping faucets and loose wires
- Insulate attic space.
- Complete household renovations and minor repairs
- Replace wall switches and faceplates
- Polish your hardwood flooring.
- Regrout the shower and floor tiles.
 
11) Convert the guest room into a multi-use room
The need for specialized office space is more than ever right now. Consider converting a second bedroom or guest room into a multi-purpose area that serves as both a bedroom and an office if you have one. In addition to being a practical and enjoyable space for you and your visitors, it has also grown in popularity over the past year.
 
12) Work with a house inspector.
It's a good idea to book a pre-listing home inspection if you're getting ready to sell your house so that you can look over areas of your house that you typically wouldn't see and spot any issues beforehand. Home inspectors search for hidden safety problems with the building's structural, electrical, and mechanical systems that could significantly reduce a buyer's ability to afford essential or necessary repairs. Property value will undoubtedly fall as a result of roof damage, termite infestation, water leaks, or outdated electrical wiring. If you are aware of the problems, you can get them fixed before putting your house on the market, which will raise its value.