Are you feeling the “renovation itch” or perhaps looking for a fun project that you can take on which will provide you with a return on your investment? There are numerous home upgrades and renovations that can add value to a home without costing a large sum of money to complete.
Let’s take a look at three popular home renovations that can increase your home equity without draining your bank account.
Paint Your Home Inside and out
Painting the interior or exterior of your home costs very little when compared to how much it can freshen up your home’s appearance and increase its value. Painting is also an excellent time to get rid of any old wallpaper or other decor touches that are a little dated. Spend some time browsing through Pinterest or through home improvement websites in order to choose a color palette that is warm and inviting without being too bold. Remember, if the goal is to increase your home’s value you’ll need to paint using colors that buyers will find attractive.
Upgrading Your Windows
If your local environment is cold or wet during parts of the year you may find that upgrading your windows improves your home’s appearance and provides you with some additional savings in the form of reduced energy costs. Look for windows that are energy-efficient and that are guaranteed to eliminate drafts. Depending on the area of the country that you reside in, you may find that windows that are insulated with vinyl or aluminum are your best bet.
Update Lighting Fixtures
Brass fixtures, or other outdated, or cheap fixtures may make your home see outdated or cheap. Buying updated ceiling fans, pendant lights, door hardware, that is updated will bring your home up to date. Remember even though your out-pf-date fixtures may work just fine, it may detour buyers or even have them low ball an offer. A few hundred dollars and a days work may get your home of the market faster and/or get you a higher offer.
You’ll find that investing a little time and money in your home now can pay huge dividends later when it’s time to sell and move on. If you’d like to learn more about the value of your home and what you could receive for it if you sold, contact me today, so that we can discuss the possible upgrades before you spend any money. Call me at 985-237-2517.