58% of homeowners report that they will “definitely” or “probably” undergo a home improvement project over the course of the next year.
If you’re one of those homeowners, then you’ll want to focus on one thing during your renovation: adding value to your home.
The best part is that you actually don’t have to spend a lot of money to boost your property value. Here are five inexpensive home upgrades you can do that won’t break your budget.
1. Update High-Traffic Areas First
If you want to stick to a strict budget and only have a couple of hundred dollars to spend on renovating your home, then focus on high-traffic areas first.
These are usually the kitchen and bathrooms. In fact, HGTV reports that the kitchen is the number one home upgrade with the biggest return on value.
Changing the paint, resurfacing cabinets, and updating smaller appliances are all cheap ways to increase the value of your home without spending much money.
2. Increase Curb Appeal
Thinking about how to add on to your house? Instead, add features to your front lawn that increase the curb appeal.
Curb appeal is especially important if you know you’re going to sell your home in the future and you want to sell fast.
This can include repainting your front door, tidying up the lawn, adding unique garden fixtures or even planting a tree.
If you’re smart about how you plant your trees, over time you’ll notice how perfectly landscaped your home looks. And, if you plant them in the right places, they can even reduce your energy by up to 40%.
3. Repaint Rooms
Fewer upgrades provide homeowners with a higher improvement value for such a low cost as repainting does.
Simply changing the color of your kitchen or bedroom walls can renew the look of your entire home.
Not only this, but it will ensure that your walls look fresh and clean, which is something that potential buyers notice when touring a home that’s for sale.
Familiarize yourself with the most popular color trends and be sure to incorporate those into your design. This will help avoid having your home look outdated.
4. Invest in Smart Home Technology
38% of millennials have already purchased a home with smart technology in it. And, real estate experts note that the trend is becoming even more popular.
Consider investing in technology that adds to your home while also increasing its safety and functionality. This can include smart locks, smart thermostats, and even smart blinds that help reduce energy usage.
You can find both smart locks and smart thermostats for less than $200, which is a pretty budget-friendly upgrade.
5. Add On to Your House
No, you don’t have to actually factor in the cost to add a bedroom to add on to your house.
If adding on to your house isn’t an option, then you might consider installing an outdoor shed that can act as a home office or game room.
This is one of the most inexpensive home upgrades simply due to its functionality. You’re not changing the structure or foundation of your home. Instead, you’re adding space in other ways.
Inexpensive Home Upgrades Add Money to Your Pocket
Inexpensive home upgrades are a wise investment, especially if you’re looking to save money and increase your property investment over time.
Instead of renovating your entire home, it’s best to start small and work your way up over time.
If you’re looking for other ways to save money in order to fund your upgrades, head over to our tips section where you’ll find even more saving advice.
