Whether you’re living in your forever home or thinking about putting your house on the market, it’s always good to be on the lookout for ways to boost your home’s value without having to spend a lot of money.
Focusing on your kitchen and bathrooms will likely give the best bang for your buck. You will also catch the attention of buyers if you plan to list.
With that in mind, here are some inexpensive fixes with big payoffs for your home’s kitchen and bathrooms.
Take your kitchen to the next level
A kitchen can be the selling point for a home. No wonder you can expect a return on investment of about 98.5%! Here are five updates you can undertake without breaking the bank:
- Add a fresh coat of paint. You’ll be surprised at how just painting the walls will make your entire kitchen appear updated.
- No island? No problem. Islands on rollers provide necessary workspace, but can also be more adaptable to changing needs.
- Add a splash of newness with an updated backsplash. Your color choice should enhance the look of your cabinets and countertops.
- Replace old appliances with stainless steel. The sleek feel of steal is still top of the list for most buyers. If you can’t afford to update your appliances all at once, begin to accumulate stainless steel replacements.
- Lighten up! Add under-cabinet task lighting. Replace outdated florescent lights with recessed lighting. Update overhead fixtures and ensure all metals are complementary.
Give your bathroom the spa-like treatment
When it comes to your return on investment, bathrooms are not far behind kitchens, with an estimated return on investment of just over 93%. Once the most ignored room on a home tour, buyers today are looking for well-appointed bathrooms that provide that spa-like feel. Here are five ideas to get you started:
- Update the faucets. High on buyer lists right now are spa-like touches, so keep this in mind when choosing new faucets for your sink and tub.
- Brighten things up with fresh white grout and caulking. Grout and caulking can easily become dingy and dirty over the years. Freshening up your bathroom with fresh grout and caulking can make a surprisingly noticeable difference.
- Update your vanity top with a new granite or other stone countertop. Remember that your bathroom countertops occupy much less space than your kitchen, so updating your vanity topper wont break the bank.
- Step up the spa feel by replacing your old shower stall with a new spa version featuring tile surround and body sprays.
- Install heated floors. Buyers will swoon.
You don’t have to invest a lot to increase your home’s value in the eyes of buyers. By thinking creatively, you can make updates that pack a powerful punch while providing a great return on your investment.
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