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When you renovate your home before selling it, your ultimate goal is to make a profit. You want to increase the value of your home, which is why you’re improving it before putting it on the market. However, the costs of renovations quickly add up. Have you ever caught a renovation show on HGTV and watched as the projects began to go way over budget? This is a very real possibility, which is why you should exert caution when planning your project. We want you to have a successful experience, so we’ve created a guide on how to renovate your home on a budget. Keep reading to learn our best tips.
Look at It from a Buyer’s Perspective
When it comes to amenities, everyone has their own ideas regarding what they think is important. It’s impossible for one home to meet the expectations of everyone who sees it, but this doesn’t mean you can’t increase the number of people who will be attracted to your home. Before you begin your renovation process, try to look at the project through the lens of a potential buyer.
Tend to Repairs
Before you bring anything new into the home, you should first make sure whatever’s already there is in proper working order. If the plumbing has any major issues, replace parts as needed. It’s important to spend the necessary money on repairs, even if it chips away at your budget. Your home may look great on the surface, but an inspector won’t be afraid to tell buyers otherwise.
Adding walls and large structures is a surefire way to spend several thousand dollars. If your space seems small, look at other ways to make it seem larger. Removing some shelves from closets and cabinets can be a cost-effective way to open things up. You can also add the illusion of space by replacing cabinet doors with glass ones. Another thing you can do is knock down the wall that connects your kitchen to the living room and replace it with a half-wall.
Ask if You Can Buy Your Own Supplies
Professionals such as flooring experts will often order the materials necessary for a project themselves. Ask them if you can supply your own materials and if they can merely install them. If this is an option, you can search out deals and prevent any potential upcharges.
Switch Out Lights
When it comes to attracting buyers, this is one of the most important things you can do. Lights can affect the tone of a room, the size of it, and how the furnishings appear. We recommend using energy-efficient lightbulbs and updating any light fixtures.
Install Touchless Faucets
This is one of the most cost-effective ways to make your home seem both modern and functional. Touchless faucets aren’t incredibly expensive, though you’ll want to be sure to buy ones that are high-quality. Install these in the kitchen and bathrooms sinks to easily impress buyers.
Get Rid of Carpets
Carpets are becoming less and less popular as time goes on. They’re difficult to clean, and they can act as a magnet for an assortment of allergens. You can enhance the feel of your home by getting rid of any carpet and installing wood flooring that will last for decades to come. If wood is too expensive, laminate is also a popular option.
Simple, cost-effective DIY projects can provide the final touches to your home. Updating the paint and changing out light switch plates are seemingly small additions that create a satisfying final touch. Ultimately, these small details can be what make or break a sale.