Forget about remodeling your kitchen or making other major home improvements that cost more than $50,000.
No single one of the most common home improvement initiatives in the United States is worth the money, says the annual Cost vs. Value study.
Moreover, the 2018 Houzz and Home Study: Renovation Trends found that the average amount spent by repeat homebuyers on renovations was $25,000. It doesn’t matter how lovely a house seems at first glance – buyers will still add the amenities and finishes they desire. Because of this, there is no need to invest a lot of money starting again.
As an alternative, you can quickly and easily get your property in show-ready condition at a fraction of the expense by implementing some of these inexpensive but effective fixes.
This article is full of low-cost, high-impact home improvement ideas culled from the knowledge of professional real estate agents.
Reducing the number of personal belongings within the house is a good first step to increasing its market value. Even in larger houses, the costs of scrubbing and decluttering are manageable. Some reports reveal that the average cost of deep cleaning for a four-bedroom house is somewhere between $150 and $250.
Obviously, if you perform the job yourself, you will save some cash. First, sort your unwanted belongings by category into heaps in your cupboards and closets. Then, remove any unnecessary items from cabinets, closets, and shelves.
This single action may be what raises the value of your house and what may qualify for a mortgage loan for an even bigger and more costly home.
Enhancing your house’s curb attractiveness can have a significant impact on its worth. This includes tasks as varied as power-washing the parking space, having the window frames cleaned, and having the grass mowed.
It has been estimated that curb aesthetics is responsible for as much as 7% of a home’s value, based on recent research released in 2020 from the University of Texas.
Further, some realtors argue that investing in landscaping upgrades can have a significant impact on a home’s aesthetic.
Some surveys reveal that painting and wallpapering will be among the most preferred home renovation tasks. Even the most worn-looking exteriors and interiors may be given a new lease of life with a fresh paint job, and it doesn’t cost all that much.
Some home designers recommend starting with redecorating any interiors with an “unusual” paint job. The cost of painting your home can vary depending on how many rooms you want to paint.
Painting a restroom, often the smallest space on the property, can cost around $200 and $300, while a sitting room measuring 330 square feet or more can cost up to $1500 and in some cases, even $2,000.
Increasing a home’s livable square footage might be a wise financial move, particularly in regions where land and buildings are in short supply.
The truth is that the more usable square feet home has, the higher its worth and price. Freshening up a bathroom, adding a media room, or any other functional area to a house can make it more comfortable and improve its market value.
Surveys in the United States estimate that the typical price of an expansion is $49,562. Contingent on the accommodation type, the final price may be significantly different.
Adding a laundry space to your house can cost as low as $5,000, whereas adding an additional guest room with a private shower and bathroom could cost up to $100,000.