Whether you’re doing significant renovations to your home or improving it with minor upgrades, the primary goals usually entail comfort, convenience and an increase in value. Everything that is done to a house, no matter how small or big, can oftentimes affect its value. This not only plays an important role for the current inhabitants of the property, but also for how appealing it can be for future owners too when the time does come to let go. As such, it’s important to minimise expenditure when possible. Here are a few economical and inexpensive ways to add value to your home.
- Consider the flooring
It goes without saying that out of all of the elements of a home, the flooring will take the most beating. Because of this, materials often used in hardwood and laminate flooring can often deteriorate faster and there’s only so much that refinishing can achieve. Some homeowners will opt for carpeting due to cost, but wear-and-tear make it an unviable option for the long-term, while others may go for stone for durability, but it too has a downside in terms of price.
One approach that has become popular amongst many homeowners today to overcome this dilemma is tile flooring. Not only can it withstand high-traffic and other elements, but it can also be easy to install and replace. It’s usually reasonable in cost too, and will undoubtedly stand the test of time.
- Upgrade your bathroom
Out of all the areas in a home, the bathroom is the place that serves as a reflection of how good a house is. It’s essential that you invest in improving it by giving it an upgrade. Walkin showers for example have become essential additions that most homes today have because of all the advantages and benefits they offer. While they certainly aren’t cheap, they’re reasonably priced and worth their weight in gold.
You don’t necessarily need to buy everything brand new however. Some accessories and furniture can be repurposed to serve as cabinets or vanities, and the vintage look work wonders for how aesthetically pleasing the area looks. Investing in functional hardware and thinking out of the box for decorative items is the best way to add value in an inexpensive manner.
- Go green with your electrics
Another essential element to have in order to increase the value of your home is using energy-saving hardware and appliances. Annual utility and monthly electrical bill reductions can significantly improve the value of any property tremendously and should not be overlooked by any homeowner. You will not only lighten the burden on yourself but impress any potential buyer as well.
High expenditure doesn’t always equate to high value when it comes to a home. There are many ways to be frugal while increasing the value of your home, and these smart investments will go a long way in doing so.