7 SMART RENOVATIONS UNDER $500
If you're thinking about selling your home, you may be stressed out about all the things you need to do to get it market ready, and all the costs associated with those updates. Renovations don't have to cost you a fortune. By thinking smart about some of the updates that will have the greatest impact, you can minimize your spend and maximize your investment.
1. Give your kitchen some attention
If there's one spot that can make or break your home sale, it's this. You could spend thousands on new countertops and cabinets - and your agent may advise you to do some of these larger updates depending on the age and condition of your current kitchen and the competitiveness of your local market. But, for many of us, attention to a few key areas can help detract from the negatives and highlight the positives.
"Naturally, there are limits to what you can do on a budget. But many home-remodeling experts stress that moderately handy homeowners with just a little cash to spend can make a big difference in their kitchen," said Bankrate. "And if the work looks good, you're adding equity to your home," Erin Davis, lead designer for Mosaik Design & Remodeling in Portland, Oregon, told them.
For under $500, you can paint your kitchen cabinets - use white for a classic yet updated look - and add hardware. You'll be surprised how much impact these two changes can have in an outdated space. Finish it off with a fancy new faucet that can be swapped out for under $100, like this brushed chrome single handle pullout.
2. Get a new appliance
It's not likely that you'll find a new appliance package for under $500, but you may be able to find a great deal on a new fridge or dishwasher if yours is a bit ratty by looking at scratch and dent items. Sometimes, the scratch is in a place that will be obscured by a wall, meaning you can save tons of money and not ever see the issue. If you can only afford one, think about the fact that you can take the refrigerator with you to your new place.
3. Bring in the light
One of the most important things you can do to prepare your home for sale is to fill it with natural light. That means opening drapes and pulling blinds for showings—and making sure your windows are clean behind them! If your home doesn't offer a lot of natural light, careful placement of mirrors can help bounce whatever light there is around. Painting lighter colors can also keep the space airy, and is recommended by stagers as well.
Bringing in new light fixtures to replace anything that is outdated or builder grade can help give the home a modern feel for little financial output. Hanging two of these pendants over an island or peninsula captures one of the hottest trends in lighting today and will only set you back $104.
4. Refresh the bedrooms
Making sure the bedrooms have just the right amount of furniture - not too much, not too little - is key. Remove unnecessary pieces to emphasize the space and add key pieces like nightstands in a master (if you don't currently have them) to highlight function. You can pick up a pair at IKEA for under $30. Style them with a lamp and a book or stylish accessory and no one will know they cost less than dinner. Don't forget to add a new comforter for another modern touch. This three-piece set is just $49 from Wayfair.
5. Create some architectural interest
Crown molding can make a room look elegant and is also one of the features that can woo a picky buyer. Having a pro come in to install it can get expensive, but if you can use a saw and are somewhat adept at math, you can do it yourself. Materials should cost you abot $1.20 a foot at Home Depot. You can get some DIY tips here.
Creating interest in a space that needs it doesn't have to involve power tools. Peel-and-stick wallpaper is one of our favorite tools for dressing up a wall without the hassle of working with paste and now it comes in textured looks we love, llike this reclaimed wood version.
6. Create some curb appeal
Some of the most important things to do in the front of your house won't cost you a thing outside of elbow grease: mow, rake, and clean up. Next, lay down a new layer of mulch, which will cost you a couple bucks per bag, and plant some fresh flowers or bring some flowerpots close to the door.
If your front door has seen better days, a fresh coat of paint will keep buyers from wondering what else needs work on the inside.
7. Throw some accessories at it
You may not have money to make large changes to your home, but you can make it look freshened up with a little smart staging. Make sure furniture arrangements in living spaces make sense—it costs you nothing to move stuff around or store an extra-large chair that's impeding the flow of traffic in the garage while the home is for sale.
Some fresh flowers, a few throw pillows, an inexpensive new rug to anchor the seating area, and maybe a few modern knickknacks scattered around can make the space feel inviting.