The Thrifty Homeowner’s Guide to Increasing Property Value
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Basic Upkeep Is Really Worth It
Remember that saying “an ounce of prevention is worth a pound of cure”? In real estate, that translates to “save money on future renovations by maintaining what you already have”. Small regular maintenance tasks like cleaning your gutters or sealing your driveway can stave off costly damage.
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Fix the Small Things
When it comes to real estate, the devil’s definitely not just in the details – he’s setting up shop in all your unfixed broken doorknobs, leaky faucets, and cracked windows. The good news – you can exorcise him pretty cheaply and thereby gain some value points on your property.
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A Little Paint Goes a Long Way
Repainting is a cost-effective way of giving a home that fresh ‘just-renovated’ vibe. Take a plunge into the color realm responsibly, though! Homebuyers usually opt for neutral palettes, so leave that lime green for your personal canvas.
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Boost Your Curb Appeal
First impressions matter, folks! That’s not just dating advice, that applies to houses too. Trim your hedges, mow the lawn, and plant some flowers. Show your house at its Sunday best!
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Bathroom and Kitchen Remodels
Think about the places your guests are likely to scrutinize – hint, it’s the places where they let it all out and stuff themselves. Renovating bathrooms and kitchens can significantly raise home value.
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Upgrade Your Home’s Energy Efficiency
Who doesn’t love a good old planet-saving stint combined with saving greenbacks on their energy bills? Go green to attract green, if you know what we mean!
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Home Office Spaces
In a world where home and office are virtually synonyms, creating an efficient workspace can boost your home’s appeal manifold.
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Add a Deck or Patio
A deck or patio is like an extra room without the pesky walls and roof. Imagine sipping cocktails while watching the sunset. Priceless!
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Get Rid of Popcorn Ceiling
Seriously. It’s like the mullet of home decor – a fashion mishap tough to forgive. Replacing it can update your home’s look and add value.
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Basement and Attics aren’t just for Hoarding
Turn them into functional spaces to increase usable square footage and subsequently, your home’s worth.
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Lighting Matters
Good lighting can highlight your home’s best parts. It’s like makeup for your house, but cheaper!
Takeaway Hot Take
Increased home value on a budget is as much about strategic renovations as it is about throwing greenbacks at your abode. In essence, it’s about regular home maintenance, small repairs, color diplomacy, judicious face-lift to kitchens and bathrooms, and having an appropriately flirtatious curb appeal. Office space and outdoor space like a deck or patio are increasingly appealing in our work-from-home reality. And not to forget, anyone who underestimates good lighting needs to spend some more time on Instagram. The devil is, indeed, in the details when it comes to property value. So, put your DIY helmet, get the toolkit, and let’s add some zeros to your property cost without busting your bank!
Original article: https://www.redfin.com/blog/how-to-increase-home-value-on-a-budget/
