When people think about renovating their homes, they often think they need to go big, with a major kitchen remodel or adding a room onto the house. But it’s actually the small projects that pay off in the long run, retaining more of their value when it is time to sell. Here are six low-cost home renovation ideas that will be worth what you spend on them.
A new garage door
It may not be the part of your home you live in that needs a remodel. If you have an old garage door that is cracked, dented or doesn’t work right, replacing it can be a great investment. With a new garage door that opens and closes properly, you will improve the look of your garage, more securely protect your vehicles and stuff you add there and increase the value of your home. You can replace your garage door for less than $3,000 and are likely to recoup about 75 percent of the cost when you sell.
A new front door
Home buyers seem to focus on doors, and another low-cost renovation you can make that will create a lot of value is a new front entry door. You can get a new door for anywhere from several hundred to more than a thousand dollars, depending on materials and the quality of the door. However, you will likely recoup more than 80 percent of that value when you sell your home.
Changing out your lights and light fixtures is a relatively easy and inexpensive way to spruce up your home and add value. Replacing outdated fixtures with more modern lighting can not only make your home feel warmer, but it also can make it look and feel larger. You usually can replace the fixtures in a room for just a few hundred dollars, although if you need the services of an electrician, it will cost more.
Update your bathroom
Bathrooms are fairly small rooms that can be updated relatively inexpensively. They also are important rooms for buyers, so updates you make can add some serious value. Look for things you can do that don’t cost a ton of money, such as changing out fixtures, replacing the shower curtain or door and changing out the cabinet and drawer hardware. If you don’t mind spending a little money, getting a new toilet and/or vanity can also improve your look.
A quick kitchen update
Another room that is important for buyers is the kitchen, and while kitchen remodels generally are pretty expensive, there are some things you can do to spruce up your kitchen that don’t cost a lot. Changing your cabinet hardware is one small, inexpensive change you can make that can greatly enhance the look. Refinishing wood floors, changing the sink and fixtures and redoing your backsplash are all improvements you can make for less than $1,000.
Adding shelves on your walls increases utility and also gives you the chance to add decorations that will liven up the look at your home. Shelves are easy to install and don’t cost a lot, making them a good low-cost project.