10 Easy Steps on How to Increase your Home Value on a Budget

10 Easy Steps on How to Increase your Home Value on a Budget

Martin Howard March 30, 2015 View all blog articles

When it comes to sprucing up your home's property value, always keep in mind that real estate developers would primarily look at three things: your property's location, accessibility to vehicles and outsiders, and the overall condition of your property. With these things in check, increasing your property value should be easy enough, and while most people think that this can be pretty pricey, you can actually make improvements to your property without having to shell out large amounts of cash.

  1. Invest in repaints.

    A fresh coat of paint will immediately work wonders for your home, since it would instantly give your home a new look even if you are on a budget. If your home has small indoor space, choose light, airy colors like white or cream in order to create an illusion of spaciousness. For a more cozy effect, choose earthly tones like light beige or brown.

  2. Make sure that your kitchen appliances are still in working condition.

    Potential buyers would always make sure first that the kitchen works well since kitchens are an essential part of a home, so make sure that your appliances are in mint condition and the area looks neat and clean. Make sure that rusty faucets and handles are replaced, creaking cabinet doors are oiled or changed for new ones, and stoves and ovens can still be put to good use.

  3. Pay attention to bath and toilet areas.

    Next to kitchens, bathrooms are also one of the primary things that potential buyers look at when scouting for possible properties. A bathroom upgrade need not be that pricey, since small things like replacing toilet seats or installing a new sink fixture can already go a long way. If your bathroom floors look grimy, consider investing in vinyl tiles which can be directly installed on top of your old flooring.

  4. Replace or add light fixtures.

    Installing a whole new set of lights can instantly give your home a whole new atmosphere, since lights can either add drama or make your spaces look bright and airy. It would also help to install brand new chandeliers especially in the kitchen and living areas. It doesn't have to be pricey, since home stores now offer a wide range of expensive-looking chandelier lightings that doesn't cost as much. Opt for lights that save energy and electricity like fluorescent bulbs.

  5. Make sure that plumbing and electricity services are in top shape.

    All the upgrades previously listed would be of no use if your house has faulty electricity and plumbing. It would be best to hire an electrician to inspect your home's wiring system, as well as a plumber in order to make sure that your faucets are working well and check if there are any water leakages.

  6. Upgrade your flooring or install new carpeting.

    New paint jobs would be useless if you have tired-looking floors and/or carpets. Update your flooring by fixing/replacing dilapidated areas and applying a fresh coating of varnish if you have wooden floors. Threadbare carpets may look cozy, but prospective buyers might not want this especially if they have pets. Replace your carpets with new ones, particular those which complements the color of your walls.

  7. Invest in additional storage space.

    Ample storage space in your home is an important feature if you want to increase its value, especially if your house has cramped spaces if not completely lacking in storage space. If you have cramped spaces, put in removable storage spaces so that future owners can adjust these storages depending on their preference. Install new drawers or cabinets that are not too fussy and will not draw much attention, yet has ample space for storing objects.

  8. Consider refurnishing your entryway.

    A nice-looking, solid front area automatically gives off the signal to potential buyers that your home is well-looked after. Replace rusty steel door handles with new ones, apply fresh varnish on wooden door knobs and doors, and make sure that your entry ways complement the overall outside appearance of your home.

  9. Revamp your furniture pieces.

    If you think that your furniture already looks old and outdated, it would be best to replace them with new ones without having to spend a lot of money. A lot of home décor shops have low-cost furniture pieces that would still look nice on homes. However, if you feel that your furniture still looks fine, then you can opt to invest on additional pieces like ottomans or a new centerpiece.

  10. Trim your lawn.

    Front lawns and gardens are important aspects to consider if you want to increase your property's value since this is the first thing that potential buyers would see upon entering your vicinity, and as such a well-kept lawn would immediately attract buyers. Make sure that lawns are well-trimmed, driveways are free from litter, and house plants are not obstructing your lawn.

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