When thinking of home improvements, large projects with large price tags may come to mind. However, that doesn’t always have to be the case. Here are 6 home improvement projects that will add value without breaking the bank.
- Living Room Decor
HGTV has identified updates to living room decor as a great investment that doesn’t require a large budget. It could cost approximately $1,350 to update and stage living room decor, but it will be worth the investment. These updates could include new light switch covers, floor registers, floor registers, crown molding, chair railing and draperies.
If you’re searching for a clean, crisp look, add crown molding to the room. Select molding that complements floorboards and window trim. If your room needs a splash of color, consider adding colorful drapes that pop. To create the illusion of height in the room, hang drapes and valances higher on the wall.
- Walls and Floors
For the small cost of a gallon of paint, you can refresh your living room walls by using light, earth tones. Use a high-gloss white paint on baseboards to avoid scuffs and make cleaning easier.
If you have carpet in the living room in good condition, have it professionally cleaned ($100-$150). It’s easy to find a local environmentally friendly carpet cleaning company. If cleaning isn’t an option, consider replacement. Some people prefer carpeting, but there is a bigger trend toward hardwood or laminate flooring in living areas.
- Curb Appeal
This low-cost project is a sure winner. To give your property a winning first impression, Trulia suggests trimming hedges and planting flowers. Painting your front door in an accent color will also lend to increased curb appeal. New house numbers and a new mailbox will make your home look even more polished. Consider adding outdoor lighting. There are great, low cost options in several finishes available at your local home improvement store. Some of them are solar powered, so there’s no impact to your monthly bill.
- Door Replacement
According to experts, you will recover about 90 percent of your investment by installing a 36×80 20-gauge steel door. If you have a garage, you should also consider replacing that door if it is in poor condition.
Some of these projects will be more costly and time-consuming than others, but the current condition of your home will be the deciding factor in what projects are worth the effort. If you’re planning to sell your home in the near future, contact a local real estate agent who can give you tips to fit your home’s needs so you can get the most out of your investment.