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TRENDING BASIC MONEY MANAGEMENT TIPS
03.10.2020 / Budgeting « Back to all articles
5 Inexpensive Home Renovations that Add Value to a Home
Strategic Improvements
The Do It Yourself craze has officially swept the world, and more and more people are itching to make renovations, additions and improvements to their homes. But many are finding that once their updates are made, they have a hard time re-selling the house. While passion projects are fun, they can spiral out of control in terms of cost, and they are not always universally appealing.
If you plan on selling a house in the future, it might be a good idea to keep the buying public in mind when making changes. This does not mean giving up on that dream kitchen. Just consider it a way to filter through the list to decide what to do first.
Touch Up the Kitchen
The kitchen is a deal breaker in many cases because it is one of the only rooms in the house that cannot be repurposed. It is also the most expensive to remodel. So, try to bring it up to date with a few minor changes. The easiest one is paint. Modern paint colors make a kitchen stand out, and it is not difficult or expensive. Flooring would be the next step, as well as replacing any old appliances with brand new ones.
Repurpose a Room
The kitchen will always be the kitchen, but most other spaces are up for debate. Try to find a room that is not serving any purpose and give it one. Most commonly this means finishing out the basement. That can be expensive, but don’t worry about making it luxurious, just make it clean, insulated and livable. Or take that attic space and knock out a few beams and add some carpet to make it a game room or craft space. Little nooks like that are very appealing to potential buyers.
Think Outside
Do not neglect the outside of the house, either. Curb appeal is a major area of concern when it comes to home-buying. Many buyers will drive by the house before even considering going inside, so spruce it up. Trim the grass, plant some flowers and pressure wash that siding and pavement. Maybe update the mailbox, too. Try to look at your house like a stranger and evaluate if it looks like somewhere you would like to live.
Clear Out the Cobwebs
Lastly, instead of tackling the wants on the list, get started on those things that need to get done. It’s those things that nag at the back of your mind, but hardly qualify as a substantial update. Clear out the mold, replace rotted siding, fix that showerhead that leaks all night. A house might seem just right, but little details like that will keep it from selling, so don’t neglect them.
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03.10.2020 / Budgeting « Back to all articles
5 Inexpensive Home Renovations that Add Value to a Home
Strategic Improvements
The Do It Yourself craze has officially swept the world, and more and more people are itching to make renovations, additions and improvements to their homes. But many are finding that once their updates are made, they have a hard time re-selling the house. While passion projects are fun, they can spiral out of control in terms of cost, and they are not always universally appealing.
If you plan on selling a house in the future, it might be a good idea to keep the buying public in mind when making changes. This does not mean giving up on that dream kitchen. Just consider it a way to filter through the list to decide what to do first.
Touch Up the Kitchen
The kitchen is a deal breaker in many cases because it is one of the only rooms in the house that cannot be repurposed. It is also the most expensive to remodel. So, try to bring it up to date with a few minor changes. The easiest one is paint. Modern paint colors make a kitchen stand out, and it is not difficult or expensive. Flooring would be the next step, as well as replacing any old appliances with brand new ones.
Repurpose a Room
The kitchen will always be the kitchen, but most other spaces are up for debate. Try to find a room that is not serving any purpose and give it one. Most commonly this means finishing out the basement. That can be expensive, but don’t worry about making it luxurious, just make it clean, insulated and livable. Or take that attic space and knock out a few beams and add some carpet to make it a game room or craft space. Little nooks like that are very appealing to potential buyers.
Think Outside
Do not neglect the outside of the house, either. Curb appeal is a major area of concern when it comes to home-buying. Many buyers will drive by the house before even considering going inside, so spruce it up. Trim the grass, plant some flowers and pressure wash that siding and pavement. Maybe update the mailbox, too. Try to look at your house like a stranger and evaluate if it looks like somewhere you would like to live.
Clear Out the Cobwebs
Lastly, instead of tackling the wants on the list, get started on those things that need to get done. It’s those things that nag at the back of your mind, but hardly qualify as a substantial update. Clear out the mold, replace rotted siding, fix that showerhead that leaks all night. A house might seem just right, but little details like that will keep it from selling, so don’t neglect them.
