5 Ways to Increase the Value of Your Home Without Breaking the Bank
If you’re looking for opportunities to add to your home’s value, it can be hard to know where to begin, especially when you’re working with a budget. Whether you’re working on your live-in fixer-upper or you’re getting ready to list your home on the market, starting with a solid plan is essential to maximizing your budget while maxing out your ROI.
At Bill Buys Houses, we understand many of the challenges Minneota homeowners face when renovating or selling their homes. To learn more about what we do or connect with a cash home buyer, give us a call today!
From small changes that boast a big impact to cost-effective solutions, let’s take a closer look at some of the best ways to increase your home’s value without breaking the bank.
1. A Little Paint Goes a Long Way
Easily one of the most affordable ways to make a big difference, paint can be something of a magic wand when it comes to freshening up a home. A new color palette for your home’s exterior or interior can make a big splash. Or if you don’t want to change things up, applying a new coat of paint can make your space feel cleaner and brighter instantly.
And the best part? Repainting your home is an easy DIY task, especially with the help of a few friends or family members willing to pitch in their elbow grease.
2. Get Rid of Your Carpet
Carpet was a huge fad through much of the 20th century, but its popularity is waning for a number of reasons, and it doesn’t look like it will be making a comeback anytime soon. Sure, new carpet can be comfortable underfoot or look really nice. But it requires constant cleaning and serves as a magnet for dust, dirt, contaminants, dander, allergens, bacteria, and even mold.
Most homebuyers these days don’t want to mess with carpet, and there’s just something that’s pure and beautiful about a simple tile or hardwood floor. Another popular alternative is to stain the concrete subfloor, adding throw rugs as needed for comfort and design.
Once you’ve removed your carpet, you’ll enjoy better air quality without carpet because your floors can be easily swept and don’t contain unpleasant odors when they need cleaning. And few home improvement tasks are more cathartic than ripping up old, outdated carpet.
3. Remove Popcorn Ceiling & Wall Textures
One of the most dated looks in a home is a textured wall or popcorn ceiling. Popcorn ceilings, also called acoustic ceilings, were very common during the 20th century because the material hid flaws well, making the process a cheaper and easier method of application for mass-produced homes. The process also had the added benefit of noise reduction.
In addition to popcorn ceiling, several types of textured walls are common among older or mid-century homes including orange peel, splatter, and knockdown, among others.
But these days, the popcorn ceiling is not considered desirable. Fortunately, it can be easily removed as part of a home DIY project. Before getting started, research your home to make sure there’s no chance that your walls contain harmful contaminants like lead or asbestos that would require special removal.
To remove your textured ceiling or walls, you can purchase a softening solution at a hardware store. Once the solution is applied, the wall texture will be easy to remove.
4. Add a Smart Thermostat
If you’re paying more than you wish you were on your monthly energy bills, installing a smart thermostat should be at the top of your to-do list. With a smart thermostat, you can log in from anywhere in the world using your thermostat app. From there, you can program your thermostat to automatically adjust after you’ve left the house during the day and return to its optimal temperature before you return home again.
A smart thermostat is an investment that will pay off over time, and it’s one of the simplest ways to add value to your home if you’re thinking of selling.
5. Update the Kitchen
Kitchen renovations can be as expensive as you want them to be, but there are plenty of things you can do to make a difference without spending a fortune. And your kitchen is one of the most noticeable spaces inside of your home, which is why outdated appliances and fixtures can make a home harder to sell.
But you don’t have to rip out your cabinets and replace them to get a more modern kitchen. Start by replacing your faucet and sink with a more modern alternative. Next, update your kitchen light fixtures.
If you’re set on a new kitchen cabinet look, consider repainting your kitchen or investing in kitchen refacing services, which modernize your existing cabinets.
6. Paint Old Floors
Refinishing a floor can be costly, and total replacement is even more. A cost effective solution to spruce up an old floor is with paint. You can purchase durable floor paint and either paint the whole floor one color, or paint designs like checkers or stripes.
Painting your floors is a unique way to add a bit of flair to your home. In addition to wood floors, you can paint on ceramic floors. Painting your ceramic can give your bathrooms or laundry room an update without breaking the bank.
You can use this same idea for an outdoor patio as well. You can purchase concrete stains to brighten up an old patio. There are stencils you can purchase to create a nice design with the concrete stain, giving your patio a brand new look.
7. Refresh Bathrooms With New Caulk
If the caulk in your bathrooms is showing signs of age, such as cracking or mildew, it could be time to replace it. Not only does fresh caulk help spruce up your bathroom, but it also helps protect against water seeping through.
You can caulk around your sink, bathtub, and toilet.
8. Install Ceiling Fans
A new ceiling fan can help bring together the look for a room, and also help with heating and cooling costs. In the summer, ceiling fans create breezes, which can help reduce how hard your air conditioner works. In the winter, ceiling fans can change directions and help circulate the warm air.
Additionally, if you choose a ceiling fan with a light fixture, it can help brighten up the room. Ceiling fans run off the existing wiring from the old light fixture, so you don’t have to run new wiring to install it.
9. Replace the Front Door
First impressions mean a lot, and if you have an old, aging door, that first impression might not be the one you’re looking for. Installing a new door can have many benefits aside from looking great. Your old door may be causing your home to lose cold or warm air, depending on the season.
Updating with a new door and weather stripping can improve your home’s air retention.
10. Add Color With Peel-and-Stick Wallpaper
A budget-friendly way to add some color to a room is peel-and-stick wallpaper. It’s less expensive than traditional wallpaper, and it's much easier to apply. You could wallpaper an entire room or just one accent wall to give that room a fresh look.
Use colors and patterns that complement your existing decor or try something completely new!
Selling Your Minnesota Home for Cash
If remodeling your home is more effort than it’s worth, it might be time to think about selling your home to a cash home buyer that’s willing to purchase your house as-is. At Bill Buys Houses, we invest in outdated, old, and damaged homes to get sellers the cash they need to move on to bigger and better things.
To learn more about selling your home to a cash home buyer, give Bill Buys Houses a call at 651-270-9191 or contact us online. Our process is simple and straightforward, so give us a call!