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Cost-Effective Home Improvements That Add Real Value To Your Property
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Cost-Effective Home Improvements That Add Real Value To Your Property

Last Updated on May 16, 2024 by Admin

People all over the world are choosing to renovate or upgrade their homes instead of buying a new property. With the rising cost of real estate properties and all the hassle that comes with moving, it’s no wonder that homeowners are opting to stay where they are and are looking for ways to enhance their living spaces. As people are planning to add rooms, smart technology, and other features to their homes, it is projected that the global home improvement market could reach about $490.13 billion by 2030.

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A major renovation can certainly enhance the aesthetics and functionality of your home, but it can be costly and may take some time to complete. Fortunately, there are affordable upgrades that will beautify your home and increase its worth at the same time. Here are some cost-effective home improvements that will add real value to your property.

Low-Cost Landscaping

Before making any changes to your abode, think about getting home insurance to protect your property in case of a storm, flood, or a fire. This is a necessary expense since having insurance means that you won’t have to bear the cost of rebuilding your home in case it gets damaged. There are different types of home insurance coverage options that you can choose from, so pick one that’s right for your living situation. Once that’s settled, start exploring affordable options to boost your home’s value, such as adding low-cost landscaping to your backyard.

A well-kept garden can add as much as 5 to 12 percent more value to your home, depending on where your property is located. Professional landscaping can be quite expensive, especially if you have a large garden. But there are ways to cut costs if you’re planning a backyard makeover. First, plant native plants since they’re cheaper, conserve water, and they’re well-suited to your area’s climate. Also, scrap the lawn since it costs an arm and a leg to maintain. Instead, plant inexpensive groundcover like red creeping thyme, Sweet Woodruff, or chamomile. They require no mowing, fertilizing, or regular watering, and they add beauty and color to your garden. You may also want to add a large or medium sized tree since the presence of trees can boost the value of your home by up to 20 percent.

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Replace Your Front Door with an Accent Door

First impressions start at the front of your home, and having a nice door can go a long way in increasing your house’s value. According to a study, replacing your front door can lead to a 68.8 percent return of investment, so while getting a brand new entry door means shelling out more money, it can be worth it in the long run. If you want to save some money though, consider painting your existing front door in an unexpected color such as matte black, teal, or powder blue. Nowadays, black is one of the most popular colors for entry doors, and a survey indicates that a black front door can add more than $6,000 to the value of a home. After painting, add door accessories such as a gold door knocker, letter plate, door handle, and numbers to smarten up your front door.

Upgrade Your Kitchen

A full kitchen renovation is one of the most expensive ways to upgrade your home since the price of replacing cabinets, flooring, furniture, and appliances can cost about $12,000 to $60,500. Most homeowners prioritize a kitchen remodel since it’s one of the most used rooms in a home, and having an upgraded kitchen can improve its functionality and even reduce energy usage by up to 40 percent. For an affordable way to spruce up your cooking space, think about doing some easy DIY kitchen projects, such as installing a backsplash or adding open shelves to display dishes and decorative items.

You can also add modern light fixtures to refresh your kitchen and give it an updated look. Consider painting your cabinets, then replace cabinet and drawer pulls with new ones with a matte or brushed metal finish. Finally, enhance your kitchen by hanging up some artwork or framed prints, then place a medium-sized potted plant at one corner of the room to add some life to the space.

A home renovation can cost a fortune, but there are other ways to increase your property’s worth. Consider these ideas to improve and add value to your abode without hurting your budget.

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