Renovating your property can significantly impact your bank account. Whether you want to update your home to make it more enjoyable for your family or to modernize it for sale, it will undoubtedly require time and money.
Yes, selling your home in today's market can be challenging. If your home needs improvements or repairs, it can be more difficult to sell. Most buyers want a home that requires little to no repairs or improvements. A few small changes can make your home more inviting and potentially increase its market value.
If you don't have the money for a complete remodel, don't worry—there are countless changes you can make on a small budget. And let's be honest, who doesn't want to save some money?
We've compiled a list of small things you can do to add value to your property, no matter your budget.
Think small: small changes can make a big difference:
1. Update Cabinet Knobs: Change outdated cabinet knobs for something more modern.
2. Replace Curtains and Bedding: Update the bedroom with new curtains and bedding, and change the bathroom curtain and towels.
3. Match Kitchen Accessories: Add matching curtains and towels in the kitchen and change the tablecloth.
4. Keep It Clean and Organized: Consider having your home professionally cleaned at least once every two weeks. No one wants to enter a dirty and disorganized house!
Outdoor Enhancements: Make a Good First Impression:
1. Add Colorful Plants: Place durable and colorful plants in pots at the entrance of your home.
2. Maintain the Lawn: Keep the lawn mowed and fertilized. If you are not home often, consider having a neighbor or professional gardener maintain it.
3. Plant for the Future: If you don’t plan to sell immediately, plant greenery that will grow over time, adding shade, possibly fruit, and beauty to your garden or patio. Perennial flowers or native shrubs that are easy to maintain can be a great option.
High Impact, Low Cost: Economical Ways to Transform a Space:
1. Paint!: Painting is one of the easiest and cheapest ways to transform a dull space into a cheerful and elegant one.
2. Update Floors: While replacing floors might seem daunting, a new rug can give a room a fresh, pleasant look. New bathroom rugs or a bit of floor wax can make old floors shine.
3. Bathroom Updates: Full bathroom remodels can be expensive, but small changes like adding a new light fixture or a decorative mirror can make the space look much nicer.
Note: As a homeowner, it’s important to remember that in the North American real estate market, you can add significant value to your property through small modifications, repairs, and cleaning. What is unlikely in this market is recovering the investment in costly remodels.
Ignoring the market value and trying to increase the sale price based on the cost of a remodel is not a good strategy.
Enrique Vicente Urdaneta
Real Estate Advisor | eXp Realty | EVU Luxury Homes
305.209.6418
www.instagram.com/evuluxuryhomes
Disclaimer: The information presented in this article is intended to provide a general understanding of the topic. However, please note that I am a real estate agent, not a lawyer, accountant, tax, or financial advisor. This content should not be taken as legal, tax, accounting, or financial advice. The laws and regulations related to this topic can be complex and may change or expand in the future. Therefore, it is crucial to consult with a qualified professional, such as a specialized financial or tax advisor, before making any decision based on this information. As a real estate agent, I can provide various options and professional guidance related to the real estate aspects of your investment strategy, and for matters related to tax implications, legal issues, and financial planning, please consult with the appropriate professionals, which whom I have allies I can refer.
