Increase the value of your home does not always have to be that expensive. If you are planning to put your property on the market soon, it means you have to do something to get more chances of selling it fast. The good news for you is that housing prices are increasing these days, which implies that any investment you make in your home in order to boost its value makes a lot of sense. But the problem is you don’t have that much to carry out expensive home improvement projects.
So the thing is there actually is no need to produce thousands of dollars just to be able to make your home look better. Continue reading this article for you to get some valuable tips on the affordable ways to increase home value.
First, we found this video from Consumer Reports that explains the specific home improvement projects you can do that provide the most benefit in terms of investment.
Since you don’t have all the money to make all the improvements you want, the video above gives you valuable information as to those you can focus on, mainly because those projects give you the best return of your investment. Get this: increasing the value of your home is no race; it doesn’t need to be hurried. Take as much time as possible in figuring out where you can best put your money in.
Meanwhile, a blog post from ThisOldHouse.com, “Brokers Tell All: 10 Ways to Boost House Value” bares several smart upgrades and fixess which can prove pivotal for the improvement of your home, but just like what we’ve been talking about, these do not require a lot of money to do:
Knock out a non-structural wall, or even remove that kitchen island. Anything that opens the space and creates a sense of flow in the house is generating a response from buyers who can afford to be choosy. For the price of a few hundred dollars, you’ll transform the feel of the house. “Right now buyers want a wide open floor plan, the living room right off the kitchen. They are into big spaces,” says Kristin Wellins, Senior Manager of Program Development for ERA Real Estate.
Seattle broker Reba Haas says a kitchen island can be an asset, creating needed storage space. But if the kitchen has enough cabinets, it could pay to haul the island away. Haas says homeowners might want to consider a moveable island. “You can adjust them to you needs,” she explains.
Let in the Light
The number one item on the 2007 HomeGain survey, lighting—everything from a dimmer switch to the increasingly popular sun tubes—noticeably enhances a home’s appeal. California broker Robert Bailey says, “Dimmers allow you to create a mood.”
He’s a booster of sun tubes, too. Less expensive than framing in a skylight, sun tubes—also known as light pipes, sunscoops, and tubular skylights—use reflective material to funnel natural light from a globe-capped hole cut in a rooftop down through a ceiling fixture and into a room. Bailey says, with tubular skylights, sunlight is nice, and moonlight is even nicer. “I’m putting six of them in my house. I don’t need a skylight, but I do want the natural light.”
A few other ways to light things up: Fix broken panes, make sure windows open, and consider lights that use motion detectors to turn themselves off. Remember high wattage bulbs make small spaces feel larger, and soft lighting brings warmth to empty spaces.
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One of the things prospective buyers want in a house is sufficient lighting. So if you’re someone who does not really like light to come inside, then you have to change all that if you plan on putting your property on the market. Lighting makes everything inside fresher and livelier.
Next up, another post, this time, from HGTV, talked about the importance of making bathroom modifications and improvements. See this excerpt from the article “10 Tips to Increase Your Home’s Value.”
Beautify your bathroom.
Of all the rooms in your house, the bathroom is the workhorse. There is lots of wear and tear, so you want to keep it functioning well and make good looking upgrades along the way.
Focus on your faucet. Bathrooms are not utilitarian anymore. People like to feel relaxed, like they are in a spa. Drop-sinks are old news, people want the under-mount sinks.
Go granite or marble with your countertops. If you are toying with the granite idea, your bathroom counter is most likely smaller than your kitchen counter and less expensive. This is a great place to start your first granite project.
Nix the overhead lighting in favor of wall mounts to add warmth and value to your bathroom. Make sure that around your mirror you have even lighting with no side shadows.
Heated floors attract buyers like bees to honey.
Upgrade your bath area. With an 85 percent return, install a shower with body sprays and stone surround tile. If you are not selling right away, you will feel like you are in a Zen garden every time you step into your bathroom.
Keep it clean. Dirt and grime can become embedded in bathroom surfaces very quickly. Freshen it up with new grout.
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You have to realize that any kind of bathroom fix or improvement comes cheap. But once someone inspects your home, one of the first things they’ll look at is the bathroom. Therefore, you need to focus on it if you want your home to get sold fast.
Finally, here are more tips from BankRate.com:
Reframe your entry. Do you have a flimsy little knob on your main entry door? If so, spring for a substantial-looking handle-and-lock set. “A nice, big piece of hardware on the front door signals to newcomers that this is a solid home,” says Viessi.
Also, if you’re stuck with a basic steel front door, Persley suggests painting or faux-finishing it for more eye appeal. “It’s becoming a trend in Florida to add wood-grain doors to a home’s entry or garage. The good news, though, is that you can easily paint existing metal doors with stain and paint,” she says.
Look underfoot. Carpeting is another detail that can quickly update a home and make it look cleaner. A professional carpet cleaning is an inexpensive investment, especially if your rugs are in good shape and are neutral colors.
If your carpet is showing serious wear, cover it with inexpensive, strategically placed area rugs. Unless it is truly hideous, most real estate agents don’t suggest replacing wall-to-wall carpeting right before you sell your house. The new homeowners may want to choose their own carpeting after they move in.
Step up your storage. Old houses, particularly, are notorious for their lack of closet space. If you have cramped storage areas, Realtor Moe Viessi of Miami suggests adding do-it-yourself wire and laminate closet systems to bedrooms, pantries and entry closets.
Firms like ClosetMaid allow you to measure and redesign your closets online. You can also get design details and parts for these systems at many large home-improvement stores. Most closets can be updated in a weekend or less.
Trust us, you’re going to love doing all these home improvement projects since they’re easy to do and they don’t empty your pockets, although you need to spend a lot of time in order to finish them. But the important thing right now is that you have come to the realization that increasing your home’s value does not really have to be expensive.