If you’re getting ready to sell your home or you simply want to add value to the home you’re in right now, you don’t have to undergo a massive renovation. In fact, you could do several simple upgrades that add value to your home without spending thousands of dollars. Below are some examples.
Paint, Paint, and Paint Some More
As I sit here writing this, I’m looking at lots of baseboards that need a fresh coat of white paint in my home. I live in a 1940’s bungalow, and although it’s small and sturdy, the house is showing its age in many places.
I know that if I had to sell my house next week, the best way to improve it would be to put a fresh coat of paint on the walls, the baseboards, and the interior doors. This would only cost a few hundred dollars and a few hours of my time. It would also make the home smell and feel brand new for any potential buyers coming through the door.
You can also consider painting your front door a bright, happy color. This will help buyers reference your house and fall in love with it more. They might say things like, “I just can’t stop thinking about that house with the yellow door!” So, it is possible to give your home some defining features with paint without making choices that are too personal and not appealing to all buyers.
Side note: My front door is robin’s egg blue right now, and we get so many compliments on it!
Add or Refresh Tile
One of the simplest upgrades that you can make to your kitchen or bathroom is to add or refresh your tile. For example, my kitchen doesn’t have a backsplash at all, but I know it would only cost me about $300 to add one. Plus, they have so many products now where tiles come in sheets, which makes it easy for a DIY-er.
You can also refresh the tile you do have. There are grout paint pens and other paint products on the market that you can use to whiten the grout lines in your bathroom or kitchen and make them look brand new. There are also different types of flooring products that you can place directly on top of cracked or broken tile.
So, if you want to upgrade your home and add value to it without spending a lot of money, consider adding tile or refreshing the tile you do have. If you have any questions, you can always take a trip to your local home improvement store and ask the experts there for their advice on improving your home.
Upgrade Hardware and Outlet Plates
Another very simple household item to fix is to upgrade your outlet plates, light switch plates, and kitchen cabinet hardware. You can easily add new knobs to your kitchen and bathroom cabinets for under $100 (depending on the type you buy.) It also only costs a few dollars and an afternoon of work to change out all of your light switch plates. Light switch plates, similar to cabinet knobs, don’t cost a lot to replace.
You might not think that these small upgrades will make a difference, but they absolutely do. When a potential buyer walks through your home, new knobs and light switch plates send the message that the house has been upgraded and taken care of over time. Plus, it’s a very inexpensive way to make your upgrades over time.
Add Outdoor Seating
Outdoor space is just an extension of your living space, so if you have a backyard, make sure you have outdoor seating. I’ve purchased two different patio sets on Craigslist in my life, and I got several compliments on both of them after spray painting them. The truth is, you don’t have to spend $1,000 on expensive outdoor patio furniture. You can find something that’s been gently used and make it your own.
Add twinkle lights outside, build your own fire pit, and you instantly have an outdoor oasis. Again, outdoor spaces add value to your home whether you want to enjoy it more with your family or put your home up for sale. Buyers love to envision themselves in a space, so if you show them how they can have a great time in your backyard, they’re more likely to buy it.
Tackling a big upgrade like adding on another bathroom in your home or replacing the roof can absolutely add instant value and improve your chances of a sale. However, those upgrades are also incredibly expensive. So, if you want to add value to your home but you’re on a budget, try some of the examples above first.
Keep in mind that you don’t have to make all of these upgrades at once. I suggest making a list of some simple improvements, and then tackle them one at a time. I usually have a “home improvement” line item in my budget with about $50 a month. Some months I don’t use it at all and so I let it build up until I need to buy two gallons of paint or a new doorknob for the front door.
This is a great way to plan for upgrades and save for them over time. Hopefully, with each upgrade, whether it’s big or small, your house’s value improves over time. Then, you can choose to enjoy it yourself for many years or put it up for sale.