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.
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. Small loans as low as $100 and as large as $1300 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. Contact Atlas Credit today to learn more!