Home Renovations That Add Value in a Buyer’s Market

Budget Friendly Home Renovations

Are you planning to renovate your home but have a limited budget? Or are you getting ready to sell your home and don’t want to overspend on home renovations? Whether you are planning to sell your home or just being smart with your home renovation, it is important not to get too carried away with your home renovation project. Especially in a buyer’s market, you have to be extra smart about allocating your dollars. Here are some budget friendly home renovations that add value to your home.

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Kitchen Renovations that Add Value

A total kitchen renovation may be too costly and definitely not a smart move if you are planning to list your home for sale in a buyer’s market. However, it’s a good idea to spruce up the kitchen. You can make small upgrades such as changing the cabinetry hardware and replacing outdated faucets. The countertop is the most visible item in the kitchen. If you have Formica or tiled countertop, you can consider changing the countertop to granite or marble for a big impact. If your cabinets are dated, reface the cabinets rather than replacing your cabinets.  Definitely repaint your kitchen. Painting is not so expensive and will freshen up your kitchen immediately.  If the wood floor looks old and worn, refinishing is often a very viable option. You don’t have to replace your wood floor, refinishing wood floors will make your floor look brand new.  Combining some or all of these tips can make a big visual impact and freshen up your kitchen without breaking the bank.

Pro tip: Changing the countertop, cabinetry hardware and replacing outdated faucets will make the largest impact.

Bathroom Renovations that Add Value

Renovating your bathroom is definitely a good investment and will add value to your home. However, you don’t have to overdo it. Ripping out the floor tiles and changing big fixtures like toilet and bathtubs are unnecessary unless your bathroom is in true need of repair.  Full bathroom renovation is costly, with a limited budget, you can make a big impact with just a new vanity, sink and plumbing fixtures. There are a lot of affordable pre-measured vanity sets that you can order online. These vanity sets come with the vanity, sink and marble countertop (some even come with mirrors and faucets too!) A fresh coat of paint is easy and affordable but don’t forget the ceilings when you repaint your bathrooms.  If you have dated lighting fixtures, consider changing those as well.  Your bathroom will feel brand new with these smart bathroom renovation moves.

Pro tip: Changing the bathroom vanity will make the most impact.

Spruce Up the Bedrooms and Common Rooms

Budget Friendly Home Renovations

If you are looking for cost-effective home renovations that add value to your home, don’t overlook the impact a fresh coat of paint and new floors can do to a room. You will instantly make a room look brand new again just with a fresh coat of paint and new floors. Painting is probably the most cost-effective home improvement you can do.  If your carpet looks worn out or hardwood floor looks old, it is worth replacing the carpet or refinishing your hardwood floor (you don’t have to replace your floor).  Just updating the floors and walls will make any room feel brand new.

Pro tip: A fresh coat of paint and new floors will instantly make your house feel brand new.

Don’t Forget About the Home Exterior

Budget Friendly Home Renovations

It’s so important to improve your curb appeal if you are planning to sell your home. You don’t have to repaint your home or replace your siding or change the roof to improve your curb appeal. There are many inexpensive fixes that will make significant improvements to your home exterior. Simple fixes like replacing your mailbox and house number can make a difference. Improve your landscaping by adding new flowerbeds and by laying down new sod. If your siding looks dirty, consider power washing your exterior to freshen it up. Replacing your garage door can also make a big impact if it looks dated.

Pro tip: Replacing a dated garage door will have the most impact in upgrading your home exterior!

You really don’t have to do a full-blown renovation to add value to your home. With just these simple fixes, you can have a home that feels brand new.

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