Posted by: Discover Directory on 11/13/2018

6 Ways to Boost Your Home Value on the Cheap

6 Ways to Boost Your Home Value on the Cheap

When beginning the process of buying and selling a home, it is important to notice any wear and tear, outdated designs or appliances, or anything that might need updating in your home. If you try to sell your house as it stands, you’re likely to come across some barriers in the selling process in terms of buyers and what they want in a “new” home. Plus, doing renovations will increase the estimated value of your home (even if you are not looking to sell). 

Some of these — possibly necessary — updates might fall on the more expensive side of things. But not to worry! You don’t have to pull out all the stops to increase your home’s value. These six tips and tricks will help you figure out how to boost your home’s value on a budget: 

 1. Get a professional opinion.

Real Estate agents and interior designers are trained to know what’s in and what’s not in terms of interior design and decor, what buyers are looking for, and what they turn away from. Most realtors will do a free consultation, walking through your home to point out areas that may need updating. Interior designers can do this as well but will likely require an hourly fee. Either way, a realtor or interior designer can suggest renovations and updates that will leave you feeling like you know what you’re doing when it comes to giving your home that newer look. 

2. Give it a fresh coat of paint.

It sounds silly — almost too easy, right? Well, giving all the rooms in your house a fresh coat of paint is one of the easiest, cheapest ways to raise your home’s value. This will leave your home looking and feeling new even though you didn’t change that much. If you are planning on selling, it is also important to select neutral colors for your paint job. Wacky colors (like a bright blue kitchen, for example) are too personal and can turn the buyers off from making a purchase. Neutral colors are also easier to match furniture or curtains to. 

3. It’s gorgeous on the outside, too!

Many people tend to overlook this sector of home updates. Sure, you remembered to mow the lawn before your open house on Sunday, but what about everything else? Obviously, the exterior is the first thing potential buyers see when they pull up to an open house. Therefore, it’s important to make sure that the outside is just as beautiful and up-to-date as the interior. Cosmetically, hiring a landscaping service to plant new plants or trim bushes is a great start. On the more functional side of things, improvements such as installing lighting in your backyard will not only add to your ability to entertain indoors and outdoors, it will also up your home security. Other steps such as installing a sprinkler system, for example, keeps your lawn looking continually fresh and green while also cutting down your water costs. 

4. Go shopping!

No doubt there are plenty of pieces in your home that you bought when you first moved in (or even a year ago!) that are now outdated. Revamping communal rooms (i.e., your living room, dining room, kitchen, etc.) with new — or new to you — home decor can really bring a space to life. With a budget in mind, check out local home decor and antique shops or browse the internet to see if a new lamp or mirror or end table jumps out at you and gives you inspiration. Big-ticket renovations, such as recovering a couch (or buying a new one altogether) or getting new curtains can also completely change the look of a room. 

5. Look where you’re walking.

It goes without saying that the floor is an imperative part of any home. More likely than not, your floors are not in tip-top shape and are likely in need of repairs. In fact, This Old House says that 94% of real estate professionals urge sellers to carve out a slot in their budget for their floors. That’s not to say you need to entirely replace your tired hardwood floors. Simply by replacing damaged boards or putting in new nails, your floor will look, sound, and feel like new. If you have wall-to-wall carpeting, it’ll likely be recommended that you tear it out before selling (something you can even do yourself!). 

6. Don’t slack on general maintenance.

This falls under the category of noticing any wear and tear. Homeowners know that any and every house has complications — big and small. The hard part is keeping up with these complications with regular repairs. Fix that faucet that’s been leaking since last winter, and replace the lightbulb in the fridge. Keeping up with little things like this will not only put your mind at ease, but it will also make life a lot easier later when you are looking to do bigger repairs or are trying to sell. 

Buying and selling a house is stressful in and of itself, and it takes a lot of work. Even if you’re not moving, increasing the value of your home is always a good idea. Doing simple, inexpensive renovations will greatly improve your chances of getting a higher bid on your house. Consider projects you can do around the house — big and small — that will boost the value of your home.