5 Minor Remodeling Projects That Increase Home Value
When it comes time to sell your home, you can make a few updates to garner as much money from the sale as possible. However, moving adds stress to families, both emotionally and financially. Luckily, you can make several worthwhile upgrades to your home without spending too much time or money on them.
Here are five smaller remodeling projects to help you increase the value of your home.
1. Improve Your Landscaping
Curb appeal plays a huge role in many homebuyers’ decision-making process. If they don’t like the look of your house, not much will pique their interest. You should aim to invest around 10 percent of your home’s value into your landscaping budget.
Make smart decisions for the types of plants you choose to grow by planning them out by the seasons. You should also coordinate the colors of the flowers in your garden with your home’s shutters or siding — and remember, coordinate doesn’t necessarily mean “match.”
2. Refresh Your Color Schemes
If you’ve lived in your house for more than a decade, the paint colors you chose when you first moved in have most likely gone out of style. While using lots of different, funky colors was a popular trend in the early and mid-2000s, today’s homebuyers prefer neutral tones like beige, gray or “greige” — a combination of the two shades.
Whether you hire a painter or complete the job yourself, painting your entire house before selling is a surefire way to boost your profits. Painting your house yourself will likely cost around $200 or $300 per room, and hiring a professional will run you between $400 and $800 per room.
3. Add Crown Moulding
Although it seems like an expensive, expertise-driven and time-consuming upgrade, installing crown molding is surprisingly simple and affordable. Plus, it adds an undeniable level of sophistication and class to your home.
Crown molding makes an excellent finishing touch for your home that could set it apart from other options on the market. It frames each room and adds unique visual interest to the space without drawing too much attention. Plus, you can use it to highlight certain aspects of your home, such as your mantle, fireplace, bay windows or breakfast nook.
4. Remodel Your Fireplace
Speaking of your fireplace, it could probably use an update as well. When you have a feature in your house as unique and breathtaking as a real fireplace, you should highlight it as much as possible. Depending on the kind of changes you decide to make, you can easily remodel your fireplace for under $1,000.
If your fireplace is made of a dated material such as brick, consider upgrading the fireplace by installing modern, natural stone instead. Get creative by matching your fireplace to your kitchen counters. Or, expand it into a floor-to-ceiling statement piece.
5. Replace Your Entry Door
Potential homebuyers’ first taste of your home will happen when they walk through your entry door. If it’s not modern, updated and clean-looking, it will negatively affect their first impression of the house. You want an attractive front door in line with the rest of the house regarding both color and style. Also, invest in a steel door for unbeatable durability and the most updated look.
Although this remodeling project suggestion falls on the pricier side — likely costing around $1400 — you will recoup around 91 percent of your expenses when you sell your home.
Analyze Your House, Then Make Your Remodeling To-Do List Accordingly
Selling your house is a busy and emotionally demanding time. Whether you’re moving because you want to downgrade or need a bigger home for your growing family, your house likely needs a few updates before it’s ready to hit the market.
If you want to make the most significant profit possible when you sell your home, consider these five simple, affordable remodeling projects. Then, take a look at your house specifically to decide what areas need a little TLC. You’ll probably end up surprised at how little time and money you spend on improving your home.