You don't have to spend a lot of money to add value to your home. You just have to know where to spend the right money to get the greatest return on your investment.
Whether you are planning to sell your home in the near future or you simply want to make it worth more, there are a number of affordable opportunities out there for you. Here are 5 simple, low-cost ways to add value to your home.
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Before You Start, Know Where to Spend Your Money
Focus on these areas of your home, ordered by priority:
These are the areas that most people will judge your house on. If you are going to spend any money at all on your home, go down that list and make it count.
Update Your Cabinetry
Your cabinets tell people how old your home really is. If you are still rocking the olive green paint from the 70's, you're going to scare future buyers away. Upgrade the cabinets by repainting them, replacing the handles, or potentially replacing the doors entirely. You could also add bead board and trim to the doors to change the way they look for the better.
Add Built-in Shelving
Custom built-in shelving will make your home look like it cost more money than it actually did. This is especially true if you have a fireplace in your home that you want to emphasize. Find one wall in your living room or master bedroom that looks like it needs something special, and start adding built-in shelves to it. Try to anchor the shelves into the studs as much as possible to increase strength and stability.
Have Your Home Professionally Cleaned
Professional cleaning can rejuvenate your home and reveal potential problems you may want to address. For a very low investment professional carpet cleaning can add value, and improve the overall ‘feel’ of your home (and may identify damage which can be repaired before it gets worse). Keep your home clean on a regular basis to preserve its value over time.
Upgrade Your Countertops
If your countertops are fairly old, you can upgrade them without spending a lot of money. Laminate countertops are now made to look much more realistic than they did a decade ago. If you add a shiny coat of sealant to the top of them, you can make them look like real granite or marble from afar. You could also use granite tiles on your countertops if you want real stone without paying for a full slab. Another option would be to use granite tiles along the very bottom of your splashback to match laminate you use for the actual countertop. Play around with these ideas until you find something that works for you.
Paint Your Trim (Inside and Out)
Painting the trim on the outside of your home will freshen your façade and make your whole house look newer. Use this as an opportunity to change the color of your trim to something slightly more modern. On the inside, paint or stain your trim to give it new life as well. If it is already made of beautiful wood, you may only need to add a fresh coat of polyurethane to make it look great again. For cheap trim that doesn't look good now, white paint will be your best friend.
You can add value to your home without draining your wallet if you make smart choices in the right areas. Use the tips above to make your home worth more money, and you will see the rewards of your investment in the long run.