Home prices are on the rise, so selling can be difficult in today’s housing market, but there are six low-cost tips that add value without breaking the bank.
While completely renovating a bathroom or kitchen can yield high returns, there are inexpensive ways to ensure that you are getting a good return on investment (ROI) when it comes to home upgrades.
Here are six home improvements that won’t leave your wallet feeling depleted.
1. Open Floor Plan
a study from National Association of Home Builders found that home buyers prefer open layouts, with 85% preferring an open arrangement between the kitchen and the family room.
Between family and dining rooms, 70% would choose an open plan, so reconfiguring your existing furniture to open up your space is a way to add value that won’t cost a dime.
It will also create more functional square footage and create more shared lighting while creating a larger entertaining space.
2. Fresh Coat of Paint
a fresh coat of paint on your inside or outside Property Can give a whole new look to the space.
If you live in a home, an exterior paint job will instantly increase curb appeal and can provide you with a rate of return of more than 100% on the cost of doing so. motley flower,
3. Plant a Tree
If you are not planning to sell your property immediately and live in the home, consider planting a tree outside.
by home site hgtvA fully grown, properly kept tree can cut your cooling costs by up to 40%, a big selling point when it comes to energy efficiency.
It will also add value to that significant curb appeal.
4. Cut Energy Costs
Other ideas for ways to make your home more energy-efficient won’t cost you a dollar.
many local utility Companies offer in-home energy audits to show owners how to maximize energy efficiency, and some offer free kits to help them achieve the added efficiency.
An energy-efficient home will not only save you money now, it is a valuable and marketable asset in the long run.
5. Replace worn area rugs or rugs
Another inexpensive fix is to replace a worn area rug or carpeting in the same room that needs it the most.
If that’s not possible, invest in a good cleaning, or consider eliminating them entirely if the floor below is in good condition.
6. Visually Increase the Size of a Space
One of the easiest and cheapest tricks is to invest in a large mirror.
This will visually double the space, literally.
Two rooms you should invest in to get the most return on investment
The kitchen is one of the best places to increase the value of your home.
You don’t have to do a complete kitchen remodel, small upgrades have the most returns, such as replacing a countertop or simply replacing an old appliance.
The ROI per Motley Fool can be up to 87%.
Plus, according to a survey by Homelite, 60% of the top real estate Agents said a home office was a top priority for buyers.
Converting an existing space into a home office can add more than $10,000 to resale value as more people incorporate working from home into their daily routine.
With the average home prices in the US hitting an all-time high of $391,200 in April, according to National Association of RealtorsSelling homes to qualified buyers is becoming increasingly difficult in the current economy.
Investing in the right upgrades to add value to give home buyers what they are looking for, without outgrowing themselves, is a smart investment strategy.
the sun is higher mistakes Homebuyers make up when buying a home.
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