Contrary to popular belief, home upgrades don’t have to be overly expensive. Even on a budget, we can make a few clever changes here and there to rediscover our love and passion for our homes. If you are looking to reinvigorate or sell your home, these are the 6 best upgrades to increase home value, as well as make it much easier when you put your home up for sale.
What Brings Down Property Value?
Before we answer the question of what kinds of upgrades increase home value, we should probably talk about the ones that bring it down!
Most likely, if you’ve lived in your home for a while, you may not notice the little things (or even the big things) that can affect the price that you get for your home.
Here are just a few things that bring down property value:
- Lack of curb appeal
- Tacky wall colors, wallpaper, and yes, even shiplap
- Serious repairs, like a broken AC unit or a capped gas line that needs repairing
- Ugly/nonfunctional kitchens and bathrooms
While no buyer is going to 100% love the home (even if it is brand new!), these are the most common issues that cause people to pay less for a house, or skip it altogether.
Are There Any Home Improvements That Don’t Add Value?
Are there actually home improvements that do not add value to a house?
Yes, there are plenty!
And many are also extremely expensive to add and take down as well.
If you’re looking to get the most bang for your buck, avoid these home improvements:
- Solar panels (unless you live in an area like Arizona, where they are cheaper and more common)
- Wine cellars
- Specialty paint colors and wallpaper
- A remodeled basement or attic (unless it is a separate unit that can be used as a rental)
- Garage conversions
For the most part, if you avoid these renovations, you’re already ahead of the game.
There are tons of renovations that will increase your home value – and some more so than others!
The options on this list are budget-friendly and are great if you don’t have a lot of cash or time to complete full renovations in your home. However, if you have more time and money on your hand, here are a few of the most popular (and sought after) renovations and changes you can make to your home.
- Garage door replacements (with key fobs!)
- Kitchen remodel
- Bathroom remodel
- Vinyl siding
- Vinyl windows
- Replaced AC/Furnace
- Replaced roof
Again, these renovations can add up and cost thousands of dollars. But, the upgrades on this list are great if you just want a few new touches in your home to make it look better and make it easier to sell.
Use A Home Improvement Value Calculator
Want to know how much your upgrades and improvements will increase the value of your home? Use a home improvement value calculator.
It will use your location, the home improvement option, and your home’s current value to let you know what could happen. That way, you can make sure a renovation is worth it before you spend money upfront.
Best Upgrades To Increase Home Value On A Budget
What are some of the best home upgrades to make if you’re on a tight budget? Here’s the top things you can do, and they can actually make a HUGE impact!
When people come to buy a home, their eyes naturally gaze downwards as they enter a front door. So, one way to transform the home could be to change the flooring. However, this easily become expensive.
So, why not get clever with the paint color? If you have wooden floors, this can be rather simple. Simply find the right color and pattern and go for it. If it is carpeted, you may want to go back to wood or laminate floors and spruce those up.
Overall, this method can brighten up any room and give it that new look and feel you have been lacking.
2) Update the Faucets
If you want to change the bathroom or kitchen’s look and make it more modern, but haven’t got the budget to change everything, why not start simple and change the faucets? New faucets can actually give the sinks and bath a brand new and luxurious look.
You could go for a totally different color and design to really spruce it up. Maybe you want something that oozes a modern finish, which can help you sell your home.
If you have issues with the pipework, then maybe you can find some black iron pipe fittings to fix the look.
We use faucets every day, so it is important to get this aspect right.
If your home is on the dark side, then trying to make the most of the light that enters the window is a must, especially when you come to sell it. Natural lighting is a mood enhancer, so getting more of it can do wonders for your mental health and make people feel less claustrophobic when they enter.
If you are struggling to add more light…
- think about changing dark, heavy curtains for lighter ones
- move large objects away from the windows as they will be blocking the light
- or, add mirrors to reflect the light and make the home seem larger
Also, think about your interior lighting.
For example, a new lampshade can make the home feel different. Change dark lampshades for lighter ones and more modern designs which allow more light through. This may even enable you to start using lower wattage bulbs, which can lower your electricity bill.
Changing old door handles for new ones can be a great trick.
Not only do they modernize a door, but they can change the whole feel of it too. If the handle was a bit flimsy before, a more sturdy one will make it feel more expensive and durable. There are a lot of new handle designs, so do a little investigation to find something that suits your style.
5) A Nice Rug or Two
Rolling down a rug over a tired carpet or old floorboards can usually make things look a lot better. It can give a room that burst of color and style it needs as well as giving your feet something luscious to feel. And, rugs also add a layer of insulation to your floors, thus keeping them warm, even during the winter months.
If you have wood floors, try to get a rug that matches with the naturally. For example, dark wood tends to fair better with light and warm tones, while lighter wood will benefit from more color or dark neutrals.
Painting the walls is a cost-effective way of transforming your interior. It truly is one of the best upgrades to increase home value (and one of the cheapest!!)
Painting can make a room seem brighter and larger, as well as giving it that newer feel. If your house is on the small side and you are looking to sell, you want to maximize the feel of space, so go for a light color that rebounds light.
You may also want to consider the fact that color can have a huge impact on our mood. If you have just started your own business and have a home office, for example, you may want to choose a color that promotes productivity. So think warm colors, like terra cotta or eggshell. However, if you want something that promotes relaxation and calm, think a light blue or grey.
Just remember not to get too wild a crazy with your colors. Many people hate buying homes with tacky colors (like puke purple) or wallpaper. Just because you like it, doesn’t mean potential buyers will.
Home Upgrades That Add Value — There Are More Options Than You Think
As you can see, there are plenty of ways to add value to your home, without spending a lot of time and money. And, all of these upgrades will increase your home’s value, even if you didn’t put a lot of effort into them!
The above are the best upgrades to increase home value. Which one will you be trying out??
AUTHOR Kimberly Studdard
Kim Studdard is a strategy consultant and course launching expert. When she isn't spending time with her daughter and husband, or crying over This Is Us, you'll find her teaching other mompreneurs how to scale their business without scaling their workload.