5 Practical Options to Enhance the Value of Your Real Estate
Home improvements can be a simple project if there isn't a problem with funds. However, these days most everyone is on a strict budget. Homeowners must set their priorities and carefully assess which home improvement projects can significantly add to the value of their home. In addition, you will have to carefully manage your finances in order to keep the cost of your home improvements to a minimum so you can generate a higher profit margin. It is also extremely important that you keep your home in tiptop shape to attract home buyers.
There are some basic home improvement projects that homeowners must undertake in order to maintain and enhance the value of their property. In addition to these projects, it is also important that you tackle other minor home improvement projects that can significantly add value to your home.
Here is a list of 5 inexpensive ways by which you can enhance the value of your home:
1. Replace old and broken electrical switch plates with new ones
This is just a minor element of your home. In most cases, homeowners neglect this small detail. Replace the old switch plates with a new set and see for yourself how this can significantly change the overall look of your home. You should definitely use new switch plates if you've had a fresh coat of paint applied.
Standard switch plates will cost you less than .50 cents each. With that you can probably afford to replace all the switch plates with new ones. For the living room, foyer and other exposed areas, you can use something a little more elegant added class. The cost of these types of switch plates will run around $5 each.
2. Update your doors
This can be one of the most neglected aspects of a home. It might be time for you to consider replacing any doors that are unsightly. You can purchase doors that are painted white, or you can just paint them with your preferred color to create the desired effect for your home interior.
The standard hollow-core type of doors cost about $20 each. These are the type of doors that are pre-hung and pre-primed. The six-panel door is also another practical option when considering door replacements. This type of door will cost about $10 each.
3. Replace old and damaged door handles with new ones
In addition to replacing old doors with new ones, you should also consider using new door handles. Replacing those drab and worn out door handles with new updated handles will cost you about $10-$20 each depending on what you go with.
4. Replace or Repaint Trim
There are instances where you don’t need to paint the entire interior of your home to give it a fresh new look. Replacing or repainting the trim can instantly give you the desired effect for your home interior. Consider bright-white or off-white trim to give your home interior a contemporary finish. You may also use a semi-gloss white trim for all parts of your home interior.
5. Apply a fresh paint coat on your kitchen cabinets
You don’t have to replace your kitchen cabinets with new ones if you are doing a kitchen update. Consider painting them using a semi-gloss white for an inexpensive yet effective way of improving the kitchen too give you the desired finish and look your house needs. Don’t forget to use colorful plastic knobs to give your kitchen fixtures the complete makeover.
Home improvements are important if you want to enhance the value of your real estate, but you have to identify which aspects can significantly add to the overall value of your home. This does not necessarily mean that the more expensive home improvement projects will give you the best value. There are minor improvements that you must take into account to gain the best value for every dollar you spend on your home improvement projects.
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