Like most Americans, your home is likely your biggest investment. And if you intend to get a great return on that investment, it can hugely benefit you to perform minor improvements here and there.
Small, affordable renovations to your home can significantly boost its overall value — even some you'd never expect! Read on in today's blog on how you can increase the value of your home investment on a budget!
Know Where to Save and Where to Splurge
When you decide it's time to make improvements on your home to increase its value, it's tremendously helpful to know where to start. This helpful article from US News & World Report details everything you need to know about the various values of home improvements.
From the beginning, it's clear that the area where you should really go all out is the kitchen. A minor kitchen remodel can net you an 82.7 percent return on your investment. Plus, real estate agents always put a huge focus on this room in particular.
One room you should not spend too much money renovating is the home office. You're basically wasting your money at a 48.9 percent return on investment.
And one more thing you might not think about: your front door. Installing an attractive new front door can bring you an incredible 96.6 percent return on your investment!
Perform the Labor Yourself
When the time comes to actually paint your rooms, tear down old stuff, and install the new flooring, paneling, or fixtures, don't waste your money by unnecessarily hiring someone else.
By doing the work yourself, your only costs are the price of the materials used and your own time. If you paid a professional to do the work, you might have the comfort knowing it'll be finished without you lifting a finger, but it'll cost much more in the long run.
And if you're hesitant to do the work yourself because you aren't certain how to perform it, there's an incredible tool at your disposal: the Internet. Virtually every home improvement project has been covered extensively somewhere online, only a Google search away.
Paint Your Cabinets
Want to make a significant change for a small price? One of the cheapest and easiest home upgrades you can make is painting your kitchen cabinets. You can transform the look of the room with a few coats of paint. Plus, it takes no particular skill to accomplish the project. Just approach the job carefully and follow the directions for priming the cabinets before you paint. The results will wow you.
Use Peel and Stick Flooring
Putting in a new floor may seem like a job for a professional, but you can do it yourself when choosing the right type of flooring. One of our favorite cheap home improvement ideas is using peel and stick flooring, which you can put right over your existing floor. You get a high-quality look for just a bit of effort, and for so much less than you'd pay for other flooring options.
Add Window Trim
Window trim gives your home a simple yet sophisticated look, and you don't even need any special tools to do it. Watch a YouTube video on how to install frames to teach yourself what to do.
Paint the Ceramic Tile in Your Bathroom
When you're looking for how to improve your home on a budget, think about changing the look of a room without spending a lot of money. Ripping out the ceramic tile in your bathroom, for example, would cost an arm and a leg. But painting that tile or at least sections of it can give you an entirely fresh appearance for the bathroom. Choose two contrasting colors and get to work. All you have to pay for is the paint.
Invest in Chalkboard Paint
Is chalkboard paint one of the best inventions ever? We think it belongs in the "cheap renovation ideas" hall of fame. You can use it any room to give your family better ways to stay on task:
- Paint the middle of a cabinet in your kitchen with chalkboard paint to get a place to write up your nightly menu.
- Add it to a wall in a kid's room so they can keep track of their homework.
- Cover part of the mudroom with chalkboard paint and post the weekly family schedule.
Put in a Backsplash
One of the most popular home renovation ideas on a budget is to add a backsplash to your kitchen or bathroom. You can find inexpensive ones at home improvement stores or even shop online to look for discounted backsplashes. Glass and stone options will add beauty to your decor, and they are easy to install by yourself.
While a backsplash provides a great updated look for a room, it's also practical. Water splashes above the sink when you do the dishes or brush your teeth before bedtime. By installing a backsplash, you protect the paint on that wall from washing away or getting distorted.
Apply for a Personal Loan
While home improvement expenses can seriously improve the overall value of your property, the upfront cost might be a little prohibitive for some people. But when you learn that the money you put in can pay off in big ways in the future, it can be truly worth it to spend that money.
Fortunately, there are resources out there like personal loans from companies like Atlas Credit if you don't have the budget for home improvements. Small loans as low as $100 and as large as $1,400 can have a big impact on your home improvement projects. When you need to splurge on that higher-quality tiling for your kitchen, it'll be worth it to acquire the money however possible — and pay it back over time at your convenience.
Atlas Credit offers personal loan repayment plans over 5 to 12 month periods. In other words, long after you see a great return on your initial investment, you can pay off your loan with ease. Now that you know how to add value to your home on a budget, make your dreams come true. Contact Atlas Credit today to learn more, apply online or stop by one of our locations in Texas or Oklahoma!