As a homeowner, it’s extremely important to make periodic updates to help maintain your property’s overall value. There isn’t a need to invest thousands of dollars in updates in order to benefit from an increase in your home’s value.
In fact, there are a variety of interesting options to consider that should be easy to maintain and that won’t break the bank. Here are 4 ways to maximize your home’s potential on a budget:
Update Your Appliances
Appliances are an important aspect of any home, especially those that are found in the kitchen. Updated appliances not only help to increase the overall value of your property, but they will likely improve the look and feel of your home’s design, too.
There’s no need to buy new appliances in order to increase your home’s value—have them all inspected by a professional to ensure proper performance and paint them all with epoxy appliance spray paint instead. You can get your hands on epoxy paint for less than ten dollars a bottle, and each bottle should cover at least one large appliance. Or, another great way to save money on appliances without purchasing new ones is to check out your local Habitat for Humanity or Dent and Ding shops. Just be consistent with the look and if you can the name brand as well.
Do a Light Paint Job // Touch-ups
Chipped, cracked, faded, or dingy paint makes a home look old, even when it comes to homes that are just a couple years old. A quick and easy way to give your home a new look and increase its overall value is to update the paint both inside and out.
Outside, simply touch up any scratches and inconsistencies on the base color and give the doors and window trim a completely new coat of paint. Indoors, paint the walls and trim a neutral color, such as beige or tan, to ensure that your accent colors stand out in the space.
Plant a Couple of Trees
Planting a couple of trees in your yard can increase your property value by up to a whopping 20 percent while providing your home with natural protection from the elements, which will help you maintain optimal temperatures indoors without putting a lot of wear and tear on your HVAC system.
Deciduous trees are your best bet because they are full of large leaves during the summer that block your home from the heat of the sun, and they lose their leaves in the winter so the sun can naturally warm your things up indoors especially on the west side of your home where the sun sets and can get very hot especially here in Oklahoma!
Increase Your Curb Appeal
Increasing your home’s curb appeal is an important way to improve its overall value. Looks play a significant role in how much a home should be valued on the market, and it certainly has an effect on the chance to refinance the home or use the property as collateral to get a new loan.
In addition to making sure trees, shrubs, and flowers are trimmed and the grass is well cut on a regular basis, it is a good idea to paint the mailbox, replace your street sign numbers, and choose an updated front door for the home. You should also look into replacing or painting your gutters if you find that they are stained or cracked.
These tips and tricks work well when used in combination and can dramatically increase your property value enough that the cost of each improvement should pay for itself within just a few short months.
Comment below with questions or about other ways of increasing your home’s value. We would love to hear from you.