Boost Home Value Image

11 Inexpensive Ways to Boost Your Home Value

Whether you’re planning on selling your home soon or staying put for years to come, it’s always a good idea to do periodic improvements to increase your home’s value. Luckily, sprucing up your home doesn’t have to empty the nest egg. There are a lot of small ways to boost a home’s value that can pay off when you’re ready to sell.
  1. Replace the front door and/or garage doors. A first impression is always important, and it’s no different with a house.
  2. Add a bedroom without tearing down any walls. Repurpose a den or other room, such as an attic space, into sleeping quarters. The more bedrooms a home has, the more value it often has. Check local codes to determine what is required to be classified as a bedroom.
  3. Create an outdoor entertaining space. If building a deck is out of the budget, lay stones or bricks for a patio. Adding small touches, such as a fire pit or pergola, makes the space even more appealing.
  4. Add shelves for more storage in underutilized spaces. Areas under the stairs, entryways and closets are just begging to be used for extra storage.
  5. Repaint kitchen cabinets. A fresh coat of paint can make old cabinets look like new and help hide dings and scratches.
  6. Install a kitchen backsplash. Adding colored tile to your cooking and prep spaces can do a lot to update the kitchen without a lot of investment.
  7. Update light fixtures. Not only can new light fixtures modernize the décor and brighten up a room, they can also increase a home’s energy efficiency.
  8. Replace doorknobs and drawer pulls. These small details cost just a few dollars apiece, but can go a long way in updating the look of a home. Make sure all the small hardware details, including towel racks, match.
  9. Purchase new faucets. Replacing bathroom or kitchen sinks often take just a couple hours and can make a huge difference in the room.
  10. Don’t ignore an unfinished basement. At first appearance, unfinished basements can seem damp and dreary, however, with a few small changes, you can have another family room or play area. Place a dehumidifier in the basement to ward off the dampness and put down some rugs to add color. Use floor lamps or string lighting to brighten up the space. If the exposed ceiling and pipes are turn offs, paint the wood a dark shade of gray to detract eyes from it.
  11. Spruce up the yard. Many people overlook cutting back trees and trimming bushes when improving a home’s appearance. Plant a few flowers around the borders of the house to add welcoming pops of color.
Do you have other ideas for budget-friendly ways to increase your home’s value? Share them here!

« Back to Blog

Categories: Hobbies and Travel, Savings Strategies, Smart Spending, Your Home
Tags: About CapFed

Leave a Comment

* Required field

Categories

Tags

Blog Search