The decision to purchase a home isn’t one you should make, as the right real estate can increase your investment portfolio or be worth more when you sell. If you want to boost the worth of your home right away, you should consider a few inexpensive DIY renovations.
7 Cost-Effective Ways to Renovate Your Home
If you’re in the process of buying a home, make sure you find a mortgage lender with the lowest rates. That way, you can have more accessible cash flow for the following low-cost renovations.
1. Decorate Your Home Intelligently
Home staging plays a key role in selling the home, even if you don’t plan to leave right away. If you have a small space, you can use mirrors or paneling to make your home look bigger and high-class. Pillows, slipcovers, and area rugs are especially great at hiding stains and damage.
If you want to truly renovate while decorating at the same time, consider installing beams or reclaimed hardwood flooring. Misshapen lumber can be purchased in bulk at a low price.
2. Repaint or Wallpaper Your Home
A fresh coat of paint can make your home look cleaner as long as you use neutrals or trendy shades (if you’re selling your home soon). While paint is inexpensive, wallpaper can be pricey, so only use a bit of it for an accent wall. Or, you can use stencils to paint patterns on the wall.
3. Focus on Small Artistic Details
Everyone has different tastes, but vintage decor is almost always popular with homeowners. Unfortunately, most early 20th century homes are either too expensive or run down to be affordable. You can capitalize on this crowd by taking a trip to a used or vintage furniture store.
Look for small pieces, like old doorknobs and high baseboards, or settle on a statement piece, like a claw-footed tub or a decorative fireplace. These inclusions could literally sell your home.
4. Update Your Home’s Lighting
Proper indoor lighting can make a space look bigger and more inviting, while better outdoor lighting can improve the security of your home. When updating your home’s lighting, make sure you update all light switches, replace anything that’s broken, and match your light fixtures.
5. Renovate the Kitchen or Bathroom
A kitchen or bathroom renovation will give you a 100% return on your investment, but if you don’t budget correctly, it could be too expensive. Instead of tearing out the countertops and plumbing, focus on low-cost renovations, such as updated facets, floor tiles, or cabinet doors.
If you do have more money in your budget, replace your appliances with something more energy efficient. Or, you could save up towards a big ticket item, like a marble countertop.
6. Add Hidden Storage Around the House
If your home lacks closets or intelligent storage space, design a closet system that hides clutter. Or, invest in shelving inside of your closets or around the home. Some people install custom bookcases in high-traffic areas, so they’ll always have a space for toys, mail, books, and more.
7. Improve Your Home’s Curb Appeal
Real estate agents typically show the front of your house as the property’s featured image. Your home could look incredible on the inside, but no one will be tempted to tour your house if it lacks curb appeal. For this reason, pay attention to your entryway, garden, driveway, and garage.
Although a deck can increase the value of your home, it can be expensive to build unless you do it yourself. Low-maintenance greenery, flora, or turf provide the best of both worlds.