5 Ways To Increase Your Property Value Without Breaking The Budget

5 Ways To Increase Your Property Value Without Breaking The Budget

You may be investing in home updates to enjoy for yourself or preparing to place your property on the market. Whichever the case, it is important to make sure you see a return on your investment. It is possible to increase property value without breaking the budget. These home updates, many of which can be done by yourself will increase the value of your property and showcase what your home has to offer.

Consider A Curb Appeal Makeover

No matter how nice the inside of your house is buyers want a visually pleasing exterior. Curb appeal is important because it is the first impression people will have of your property. A well maintained exterior and yard signals that the house has been taken care of. Replacing windows and doors is an effective way to bring a more updated feel to the house. A more affordable option is a fresh coat of paint on the door, changing the door knob and updating old and broken shutters.

Other outdoor repairs that can make a big impact include updating your mailbox. This is a simple change but several small details can make the exterior have a modern look. Do not neglect fixing cracks or even replacing concrete pads that are in bad condition. Make sure if there is a fence on your property it is free of damage or holes. This can be a concern for pet owners and could turn off potential buyers.

Update Fixtures And Faucets

Change outdated lighting and faucet fixtures with more modern styles. Consider choosing light fixtures that are energy efficient. The potential money savings will be of value to buyers. Choose faucets that are modern and functional. Pull-down faucets can make tasks like washing the dishes a lot easier. Instead of updating a shower, adding a new shower head can make a big difference.

Update Your Kitchen Without Gutting It

If you have older style cupboards you may be tempted to rip them out and install new ones. Before committing to new cupboards, add a fresh coat of paint to make them look new again. Consider swapping out the hardware on your cupboards for stainless steel or nickel which will look more modern than brass ones.

A tasteful backsplash will go a long way in changing the look of your kitchen. It is a great update for both cosmetic and functional reasons since it will help protect your walls. If you are new to tiling this is a great opportunity to learn. If you aren’t confident enough to tackle a do-it-yourself tile project it should be relatively affordable to hire someone to do it.

Increase Storage Space

Storage space is valuable to a lot of buyers. Update sheds so that they are more functional or add a shed to your property if it doesn’t have one. Maximize every square inch of your place for storage by adding built-in shelves and closet organizers. Make use of unfinished spaces such as attics or basements with storage units. Even if storage is not built-in it will make it easy for buyers to imagine how they can make use of the space.

Reinvent A Space

Take advantage of an unused den, attic or basement and reinvent the room. Turn it into a bedroom, a small living area, creative space or office. Paint the walls of an empty space, add some new light fixtures and stage it for functionality. Incorporate some storage into the room if possible. When you go to put your house on the market, this will help paint a picture for the buyer of what they can do with the room rather than if they were looking at a dark and empty space.

You may feel like your list of home improvements will never be accomplished due to budget constraints. Just remember to focus on the improvements that you can enjoy but will also increase property value because you will thank yourself in the future. So get out a pen and paper, write these suggestions down and you will be on your way to increasing your property value.

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