Buying a home is more than just putting a roof over your head; it is a long-term investment that must be maintained and, ideally, improved. After all, nobody wants to pay hundreds of thousands of dollars (or more) for a home, only to see its value dwindle over the years. Sure, you may save on the high cost of rent, but you will lose out on a lot of money when it comes time to sell your house!
Fortunately, there are some specific ways that you can improve your home’s resale value without breaking the bank. It’s all about knowing what factors are considered when evaluating the sale price of a home and investing in the right improvements and changes. So, in today’s post, we are going to look at a few of the best ways to raise the value of your home on a budget!
Apply New Paint Regularly
While this may fall more into the “maintenance” category, giving your house a new paint job (inside and out) is one of the best ways to increase its resale value over the short term. Naturally, paint does not last forever, so you should be prepared to repaint your home once every 5 to 10 years. If you want to save as much money as possible, just buy the paint and do it yourself. Just be careful to avoid injuries, especially if you need to spend time on a ladder. That said, in the event that you are dealing with back pain or similar injuries, you can always contact the experts at ThriveMD for help so that you can tackle this job pain-free.
Install New Handles On Doors & Cabinets
New, modern handles are one of the easiest DIY improvements to the interior of a home. Not only are they a functional addition, but they are a value-add as well. High-quality handles on doors and cabinets can make even an older house look brand new. As an added bonus, you can get handles in bulk for low prices at various physical and online retailers.
Work On Curb Appeal
One could argue that curb appeal is subjective. However, there are some changes you can make to the exterior of your house and your yard to make it more visually appealing to everyone. For example, you might consider planting a garden near the front of your home, lining your driveway with bricks, or simply adding colorful shutters to the outside of your windows. In any case, curb appeal can make a huge difference in both the final sale price of your home and how quickly it sells.
Invest In Low-Cost Energy Efficiency
With each passing year, homeowners are becoming increasingly concerned with energy efficiency. Not only does an energy-efficient home save money on utility costs, but it is also better for the environment. So, consider adding seals to windows and doors and putting extra insulation in attics or crawlspaces. These changes will ultimately increase the value of your home and reduce your maintenance costs!
Did you enjoy our guide on how to raise the value of your home on a budget? If so, be sure to check out some of our other great posts on Personal Income today!