When it comes to home renovations, creating your dream space isn’t the only objective. Homeowners also want to get a bang for their buck! This means investing your time and resources into renovation projects that are within your budget and increase the value of your home. While it’s common knowledge that renovations like a kitchen remodel and new flooring can exponentially increase resale value, many homeowners are unaware of the more affordable tweaks they can make to make their homes more appealing. Here’s a quick look at five unconventional and affordable ways to increase your property value.
1. Paint your front door
There’s no doubt that the first thing buyers fall in love with is a home’s exterior. When putting their homes up for sale, homeowners usually get a fresh paint job and a well-manicured lawn. However, the front door is an important component often skipped over. Painting your front door and making it look brand spanking new is a great and inexpensive way to add to your home’s curb appeal. Depending on your home’s aesthetics, you can even get creative and choose bold colours to compliment the look of your house and make it more appealing to buyers.
2. Replace old windows
Not only do new windows have the ability to beautify a space, they’re also a great help when it comes to insulating your home. Replacing old windows with newer energy efficient ones is a great way to revamp your space and add to your home’s value. Not to mention, new windows can save you hundreds of dollars in heating bills. In a country like Canada with a long chilly winter season, a properly insulated home is invaluable.
3. Install modern lighting fixtures
Lighting is one of the most important components of a home’s interior – not only does lighting serve a crucial function, it can also be used to add a decorative touch as well. With buyers increasingly looking at every detail of a home before making a purchase decision, installing modern energy efficient lighting fixtures could make all the difference. This small renovation has the ability to turn an outdated shabby space into a contemporary and trendy one which is more desirable in today’s market.
4. Exchange light switches for dimmers
Nowadays, going green and living in a more sustainable way is the new normal. We’re seeing a surge in the number of buyers looking for energy efficient homes to complement their sustainable lifestyles. Exchanging your traditional light switches for dimmers is a fantastic way to capitalize on this trend. Modern day dimmers utilize motion sensors that turn your lights off when no one is in the room allowing you to use even less energy.
As previously mentioned, a well-kept lawn does a lot for the visual appeal of your home. Since the lawn is one of the first things buyers notice, it’s a good idea to invest in a little lawn care. Mow your lawn, trim your hedges and put in a few flower beds to make your home look more inviting. However, when maintaining your lawn, you want to keep it simple. Steer clear of elaborate fountains, stone paths and the likes as they don’t appeal to everyone and most likely will not add value.
Increasing your property value doesn’t always require a major investment. With these minor and imaginative renovations, you can be sure your home will attract tons of buyers in the resale market!
Thinking of renovating your home? Get in touch with us today!