June 10th, 2017 12:52 PM by Jackie A. Graves, President
Learn ways to add value to your home no matter
what your budget
Home Improvements: Under $100
Spend an hour with a pro.
Invite a realtor or interior designer over to check out your home. Many
realtors will do this as a courtesy, but you will probably have to pay a
consultation fee to a designer. Check with several designers in your area; a
standard hourly fee is normally less than $100, and in an hour they can give
you lots of ideas for needed improvements. Even small suggested improvements,
such as paint colors or furniture placement, can go a long way toward improving
the look and feel of your home.
Not every home improvement is cosmetic. Deteriorating roofs, termite
infestation or outdated electrical systems — you can't fix it if you don't know
it's broken. Hire an inspector to check out the areas of your home that you
don't normally see. They may discover hidden problems that could negatively
impact your home's value. Small problems (such as a hidden water leak) can
become big, expensive problems quickly; the longer you put off repairs, the
more expensive those repairs will be.
Paint, paint, paint.
One of the simplest, most cost-effective improvements of all is paint! Freshly
painted rooms look clean and updated — and that spells value. When selecting
paint colors, keep in mind that neutrals appeal to the greatest number of
people, therefore making your home more desirable. On average, a gallon of
paint costs around $25, leaving you plenty of money to buy rollers, painter's
tape, drop cloths and brushes. So buy a few gallons and get busy!
An alternative to hiring a designer is to search for remodeling and decorating
inspiration in design-oriented magazines, books, TV shows and websites. Simply
tear out or print off the ideas you want to try and start your to-do list. Keep
it simple — when remodeling on a tight budget, do-it-yourself projects are
Cut energy costs.
The amount of money you spend each month on energy costs may seem like a fixed
amount, but many local utility companies provide free energy audits of their
customers' homes. They can show you how to maximize the energy efficiency of
your home. An energy-efficient home will save you money now, which can be
applied to other updates, and is a more valuable and marketable asset in the
Home Improvements: $100-$200
plants are an excellent way to spruce up your landscaping and save money on
Plant a tree.
If you aren't planning to sell your house today, plan for the future with a
landscaping improvement that will mature over time. Plant shade trees — not
only will mature trees make your home more desirable but a fully grown,
properly placed tree can cut your cooling costs by as much as 40 percent.
Mature landscaping is also good for the environment, providing a necessary
habitat for wildlife while adding valuable curb appeal to your home.
Low-maintenance landscaping saves you money now, adds value when you sell.
No question that shrubs and colorful plants will add curb appeal to any home,
but when shopping at your local garden center, make sure that you "think
green." Purchase plants that are native to your region or plants that are
drought-tolerant; these require less water and maintenance, which means more
savings to you and more green in your wallet.
Add a money-saving luxury.
Speaking of water, here's another way to tap into extra savings; install a
water filtration system in your kitchen. Not only do these systems purify your
water, they will also lower your grocery bills — no more bottled water. A water
filtration system is an inexpensive addition, but it's the sort of small luxury
that homebuyers love.
Improve the air quality inside your home.
Air quality isn't just about the conditions outdoors. If you have older carpets
in your home, they might be hiding contaminants and allergens. The first step
to determine if these need replacing is to hire a professional company to test
your indoor air quality. If the results prove that your carpets should be
replaced, choose environmentally friendly natural products like tile or
laminate floors. Hard-surface floors are much easier to keep clean, don't hold
odors, give your home an updated look and, in general, are more appealing to
Save the popcorn for the movies.
Finally, what's on your ceiling? Few structural elements date a house more than
popcorn ceilings. So dedicate a weekend to ditching the dated look and adding
dollar signs to the value of your home. This is a project you can tackle
yourself. First, visit your local hardware store for a solution to soften the
texture, then simply scrape the popcorn away. Removing a popcorn ceiling may
not seem like a big change but one of the keys for adding value to your home is
to repair, replace or remove anything that could turn buyers away.
Home Improvements: $200-$400
you're too busy to keep up the yard work, hire a lawn service to keep up your
A messy lawn creates a bad first impression.
Overgrown or patchy lawns and outsized bushes will cause your home to stand out
— in a bad way. The good news is that taming your jungle is an easy fix. For a
few hundred dollars, hire a lawn service company to trim your lawn and shape
your hedges. Your curb appeal will go from messy to maintained without blowing
The old adage that you only get one shot at a first impression is true. So,
make the interior of you home shine from the moment someone walks through the
door. For less than $400, hire a cleaning service for a thorough top-to-bottom
scrubbing. Even if you clean your home regularly, there are nooks and crannies
that you may miss or overlook. Let a cleaning service do the dirty work to
really make your home sparkle.
Visually increase your home's square footage.
The size of your home dramatically affects the value, but square footage isn't
the only space that counts. Visual space or how large a home feels also counts.
The key is to make each room in your house feel larger. Replace heavy closed
draperies with vertical blinds or shutters to let light in — a sunny room feels
larger and more open. Also, try adding a single large mirror to a room to
visually double the space. Finally, clear the clutter. The more clutter,
furniture and plain old stuff you have in a room, the more cramped it will
feel. For less than $400, add an attractive shelving unit to an underused space
and store your clutter out of sight.
Small bathroom updates equal a big return.
Bathroom updates are always a smart move. Even if you can't afford a full
remodel, small changes such as replacing dated wallpaper with a faux or
textured finish and replacing old lighting will update the room without denting
Add new energy-efficient fixtures.
A functional, decorative ceiling fan is a beautiful thing. It provides
necessary light and, in warm months, creates a soft breeze reducing the need
for expensive air conditioning. But, an outdated, wobbly, loud or broken
ceiling fan is a useless eyesore. Replace old fixtures with new ones to make
your home more enjoyable for you now and to increase the bottom line should you
decide to sell.
Home Improvements: $400-$750
an organized home saves you time and money and brings in money at the time of a
Even small changes in the bathroom equal a big return.
A great room to update for less than $750 is the bathroom. The two rooms that
benefit most from even small renovations are the kitchen and bathroom. One
cost-effective change — like replacing an outdated vanity, old plumbing and
lighting fixtures or adding a new tile floor — will guarantee a lot of bang for
your buck and give your bath an updated, modern look.
Any kitchen update equals added value.
The same rule applies in the kitchen. You don't have to start from scratch to
create a winning recipe. For maximizing your home's value, kitchen updates are
key. Start by swapping out just one item, such as a stained sink or ancient
microwave for shiny new stainless models. Even small kitchen updates will add
big value to your home.
Replace any worn carpets or area rugs.
Take a look at your home's soft flooring. Are your carpets and area rugs
stained or worn? Nothing turns buyers off more than the thought that they will
immediately need to replace all of the flooring in a home. Ideally, you may
want to replace them all, but if a limited budget puts a snag in that plan,
start by replacing the carpet in the room that shows the most wear and tear and
replace the others as your finances allow.
Keep up with regular maintenance and repairs.
Walk around your home and make a list of all the little things that are broken
or in need of repair. Individually, small repairs might not seem important, but
if every room has just one thing wrong, those small things will add up to
create the impression that your home has been neglected. If you don't feel
comfortable tackling the repairs yourself, hire a handyman for a day and watch
your "to do" list disappear. Staying on top of maintenance today
eliminates problems down the road should you decide to sell.
Get help with getting organized.
Hire a professional organizer for a day. They will show you how to organize
various rooms in your home and teach you tricks for keeping it organized. How
does this increase your home's value? Simple — a clutter-free home appears
cleaner and larger, which is more attractive to homebuyers and therefore more
Home Improvements: $750-$1,000
new appliances is a guaranteed way of increasing the sales price of your home.
Upgrade your standard water heater for a tankless model. Most old-fashioned
water heaters keep 50 or so gallons of water hot, seven days a week, 24 hours a
day, whether you use the water or not. Tankless water heaters heat only the
water you need as you need it. Not only will they save you money now, but
they're an eco-friendly and cost-effective update that today's homebuyers are
Upgrade your appliances.
Eighty-six the old-school appliances for sleek new energy-efficient ones. An
appliance with an Energy Star label has been certified by the government to use
10-50 percent less energy and water than conventional appliances. Matching
stainless appliances will not only look great now, but will make your home
shine brighter than the competition should you decide to sell.
Go for the green.
Everyone loves a yard with thick, green grass. For less than $1000, in a
weekend's time, you can replace your existing patchy mix of weeds and grass
with fresh new sod. You'll be amazed at the difference this one change will
make in your home's curb appeal and value.
Home Improvements: $1,000-$1,500
upgrade to the entrance of your home will leave a lasting impression with
Spruce up your ceilings.
One of a room's most neglected spaces, the ceiling, makes up one-sixth of a
room's total area. Updating your home's ceilings will net a lot of bang for the
buck while adding architectural interest. First, if you still have popcorn
ceilings, hire a contractor to scrape them smooth. To add a sophisticated
custom look to a smooth ceiling, install crown molding or box beams for a
coffered look. Ceiling millwork, an attractive feature prevalent in older
homes, is rarely found in newer construction. Adding small touches like these
will help your home stand out from the pack.
Update your home's entrance.
The look of your front door and entrance play heavily into the overall curb
appeal of your home. As visitors enter, the front door serves as the transition
into your home and is part of their first impression. Entry doors are
architectural components that should complement your home's overall design, not
detract from it. If your existing front door isn't up to par, head down to your
local home improvement store for a more energy-efficient and attractive
replacement. Whether you choose a solid wood door or one with decorative
stained or cut glass panels, a welcoming entrance will definitely increase your
home's bottom line.
Consult a design pro.
If you're unsure of which design style or paint color to use, hire a designer.
They'll use discriminating taste and a trained eye to help with making the big
decisions. Also, remodeling your home with a cohesive plan in mind makes all of
your choices easier and ensures a pulled-together finished look. So, when you
get the right mix of time or money, you'll know exactly which project to take
Home Improvements: $1,500-$2,000
makes a huge difference in the curb appeal of your home.
Save on air conditioning costs.
Consider installing a whole-house fan. They're a great alternative to air
conditioning because they use only one-tenth the electricity of air
conditioners, saving you money. Whole-house fans are considered a
"green" home improvement, which is a popular selling feature with
today's homebuyers. As the cost of electricity continues to skyrocket, green
energy alternatives will only gain in popularity.
A "bright" way to increase the value of your home is to lighten up.
Adequate lighting in a home makes a big difference. Not only does a bright,
well-lit room feel more cheerful but it also makes spaces feel larger and
cleaner. A well-lit room also shows that you have nothing to hide, so should
you decide to sell, prospective buyers will feel at ease when touring your
home. Hire an electrician to add recessed lights to a dim kitchen or family
room or to brighten up a formal dining or living room with elegant sconces.
You'll enjoy the bright effect now and your home will feel warmer and more welcoming
Add the right landscaping and watch your home's value grow.
For less than $2,000, hire a landscape designer to create a plan that will make
your home's exterior really shine. For maximum impact, plant mature trees or
fast growing varieties; these can be pricy but they will instantly make your
home feel more established. As your landscaping grows, so will your home's curb
appeal and value.
Home Improvements: $2,000-$3,000
glass doors provide elegance and drama that improve the value of your home.
Kitchen or bath remodels are always a safe bet.
Improving your home is a solid investment at any level — but if you have up to three
thousand dollars to spend, a great place to start is by upgrading either the
kitchen or bath. Either room is a good choice and you don't have to do a
complete floor-to-ceiling remodel to reap financial benefits. In fact, modest
kitchen or bath updates can be your best bet for a big return, netting, on
average, an 80-85 percent return.
Protect your investment.
For most people, their home is their single largest investment, so treat it
that way. Hire a financial planner to work out a strategy for protecting your
investment by analyzing all of the financing options that are available. A
financial whiz can tell you if you should refinance to lower your monthly
payments or pull out some equity to pay for value-adding improvements.
Bring the outdoors in.
Consider turning two standard windows into an opening for beautiful French or
sliding glass doors. Full-view glass doors really brighten up the space and a
light and airy room is always more attractive. Also, with a view of the
outdoors, the room will feel much larger. Another bonus is that modern doors
are energy-efficient, cutting down on heating and cooling costs. That means
more cash in your pocket now and a financial bonus should you decide to sell.
Home Improvements: $3,000-$5,000
will get extra points by installing eco-friendly flooring.
Add closet or garage storage.
Realtors agree that top on most homeownes' list of wants is ample storage
space. For less than $5,000, consider upgrading your home's storage by adding
custom shelving systems to a closet or garage. The first step to really getting
organized is de-cluttering. Start by sorting your belongings, then stash them
away in your new organized closet or garage to really maximize your home's
Green flooring choices equal more green in your wallet.
Worn, tired carpet will not only turn off homebuyers, but it can make you feel
worn and tired too. Replace it with the hottest trend in flooring: renewable,
environmentally friendly bamboo. Solid-surface floors are easy to keep clean
and give your home an upscale look and feel. Green flooring choices, like
bamboo, minimally impact the environment and are a big selling point to today's
environmentally conscious homebuyers.
Replacing the cracked concrete surfaces around your home can cost a small
fortune. But for a fraction of that cost, concrete can be resurfaced in a
multitude of colors and finishes. Consider adding a cobblestone finish to your
driveway, a brick look to an old walkway or a slate finish around the pool or
patio. Whichever texture you choose, it will be a huge improvement over
standard concrete and potential homebuyers will really take notice.
Home Improvements: $5,000 and up
coat of exterior paint will take the home's curb appeal from so-so to wow.
Refresh the exterior paint.
The condition of your home's exterior is key to the overall curb appeal, so
refresh that facade with a coat of paint. Fresh exterior paint will not only
preserve and protect your home's exterior siding — the right paint color can
make a dull home dazzling. By the same token, a house painted with an overly
bright or overly bland color will make a house less appealing and hurt the
value, so choose your colors wisely. Should you decide to put your house on the
market and the exterior paint looks bad, a buyer will assume that the interior
of the home has been neglected too and drive right past.
Go solar to save some green.
Save energy bill greenbacks by going green with a solar water heater. The
installed price can cost up to $5,000, but these systems can slash your hot
water bills by as much as 80 percent and attract energy-conscious homebuyers
should you decide to sell. Install a solar water heater where there's
unobstructed southern exposure and you'll have savings made in the shade.
Kitchen remodels are king.
Hands down, one of the biggest returns on investment comes from a kitchen
remodel. Most experts agree that if you plan on updating only one room in your
home, it should be the kitchen. Large, open kitchens have become the social hub
of the modern home. High-end touches like granite countertops, richly stained
custom cabinets and energy-efficient stainless appliances are the gold standard
in modern kitchens. Experts agree that kitchen remodels return an average of 80
to 85 percent of every dollar spent. You can expect an even higher return if
you are remodeling a really outdated kitchen.
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