7 Low-Cost Home Improvement Ideas

Dated: October 1 2020

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Are you looking for low-cost project ideas to increase the value of your home? Listed below are seven low-cost projects to increase your home’s value. My professional experience can guide you through your decision-making process, giving you the best advice on which home improvements will provide the greatest increases in value in today’s market.

1 - Room Reinvention - Instead of adding expensive additions, consider reinventing the space you already have. Creative transformations can spark the imagination of potential buyers. Try adding some shelves to a built-in desk area, and turn it into a quiet study. Convert an unused office or den into a children’s playroom, or a space for arts and crafts. Maximizing the potential of your living space is a great way to create buyer interest.

2 - Curb Appeal - According to the National Association of Realtors, 49 percent of all houses are sold by curb appeal alone. Other studies show a poorly maintained yard can affect a home’s value by as much as ten percent. Have the trees and bushes trimmed, lay down fresh mulch in planting areas, and add some color with new flowers.

Solar-powered lights are an inexpensive purchase which adds ornamentation and functional lighting to your walkways. Consider re-painting the floor of any screened in area, then apply a matching paint color where applicable in your lanai to create a color theme. Add the finishing touches with low-cost decorations.

3 - Add Storage - As a seller, you want your home to look organized and spacious. Adding various storage systems to closets is a cost-efficient way to capitalize on your current storage situation. If you have a room with no closet, try adding a freestanding wardrobe to the room. This will encourage a potential buyer to imagine the room with different potential uses such as a guest room or nursery.

4 - Energy Efficiency - Presenting your home as energy-efficient is an attractive highlight for potential buyers. If necessary, add caulking to drafty doors, windows, and places where ducts or wires go outside of the home. Replace existing bulbs in your home with Compact Fluorescent Light Bulbs (CFLs). You can also consider a programmable thermostat and an energy-efficient water heater.

5 - Evaluate Flooring - Updating carpet or tile can change the entire appearance of a room. If you have an old wood floor, it doesn’t necessarily need to be replaced. It can simply be refinished. Although returns will always vary, research shows on average, flooring costs steadily bring back close to 100% of investment.

6 - Add a Bathroom - HGTV estimates you can get between 80-130% return on investment by adding a bathroom. Adding a full bath to a home can possibly add up to 20% to a home’s value. If you’ve effectively updated the other areas of your property, a bath addition could be a key factor to make your house stand out from the crowd in a competitive market.

7 - Focus on the Kitchen - Upgrading to a cohesive look, without going overboard, will almost always add value. Keep the kitchen in perspective with the rest of your property, and your neighborhood. Fresh paint and re-painted or re-stained cabinets can give a kitchen new life. Do you have mismatched appliances? Instead of completely replacing them, order new front panels from the manufacturer so all of them match.

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Anne Butcher

Award-winning agent including America's Top 100 Real Estate Agents from 2019 and 2020. A full-time Real Estate Agent since 2003 and a certified negotiation expert. Awarded eXp Realty Icon Agent Statu....

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