If you’re a homeowner, you have probably thought about investing in upgrades to your home. Adding value through home improvement projects will pay off if you ever need a home equity loan or when it comes time to sell. Like most homeowners, however, you may not have the time or money to tackle all of the major projects on your wish list right away. Luckily, there are many smaller projects that can immediately add value to your home while giving you a sense of pride in your accomplishments. Here are just a few projects that you can put on your home improvement list that will make a dramatic difference at an affordable price.
1. Freshen Up Your Paint
Fresh paint in modern colors can add a nice touch to your home without breaking the bank. If a resale is in your future, remember to keep colors as neutral as possible so you can appeal to as many types of potential buyers as possible.
2. Renew Your Existing Cabinets
You will be surprised at the transformation that a coat of paint and new hardware can make to your cabinetry. It is also one of the easiest home improvement projects to do!
3. Crown Molding
Crown molding averages around $3 per foot, depending on what style you choose, and will soften the transition from the walls to the ceiling. Most homeowners will be able to tackle this project on their own, making it a very simple and inexpensive way to elevate the look of a room.
4. Go Green
Update your light bulbs, appliances and windows to more energy-efficient models to save yourself some electricity costs while also saving the planet. Win-win! Check Energy Star’s rebate finder for product rebates or special offers. Also, buy appliances toward the end of the month or during a weekday or holiday sale to save even more.
5. Landscaping
Realtors tend to agree that upgrading the look of your front yard can help increase your chances of showing your home to prospective buyers. However, you don’t want to spend too much money on the perfect landscape because that money may never get recouped. Think about adding perennials, which come back each year, to add some beautiful accents to the front yard and increase curb appeal.
Taking on these smaller projects over time will add up and improve your home’s appeal. Your home is a major investment. By keeping it well-maintained and making upgrades, you will certainly see your investment appreciate over time. If you’d like to learn more about leveraging your home equity for an upcoming home improvement project, feel free to speak to a mortgage lender in PA or NY or contact us.
