According to Statista, about five million people sold their homes during 2022. If you’re ready to sell your home, upgrades can help you achieve that goal.
Understandably, no homeowner wants to spend a fortune while waiting for their home to sell. Check out the following affordable home upgrades to increase your property’s resale value.
1. Apply Fresh Paint
Almost nothing makes a home look newer than fresh coats of paint. When someone sees Kiawah Island real estate featuring brand-new paint, it can entice any potential buyer. Over time, your walls can fade, crack, stain, and chip away. Painting these walls hides stains and fills in scratches, making any room look incredible. You can paint with your home’s original shades or use this time to change a room’s color. Taking on painting duties will also be far less expensive than hiring a professional painting company.
2. Make Basic Repairs
Before diving into any upgrades, it’s important to tackle home-related repairs. Every home wears down with use and time. Chances are, you can think of a few things that need repairing or replacing.
While we can’t predict the exact repairs your home needs, here are common repairs homeowners make:
- Leaky faucets
- Cracks or holes in walls
- Creaking floors
- Water spots on ceilings or walls
- Damaged and stained floors
3. Install New Floors
It’s tough to find part of a home sustaining more wear than its floors. Keeping floors clean is even tougher when you have kids, pets, or both. Whether your home has carpet, tile, or wood floors, flooring upgrades can increase its resale value. According to Today’s Homeowner, installing new hardwood floors helps homeowners recoup 78% of their original investments.
4. Update Fixtures and Hardware
One of the most inexpensive ways to upgrade your home involves upgrading its fixtures. Wall outlet covers and switch plates are low-cost items to replace. If you have room in your renovation budget, updating light fixtures is another smart decision. You can add track lighting or wall scones to brighten up a room. Lighting upgrades don’t have to mean messing with wiring and electricity. Adding a few floor or bedside lamps can also spruce up your home. Whatever you choose, lighting upgrades are great ways to show off your home.
5. Add Low-Cost Landscaping
Upgrading the inside of your home is beneficial. But don’t let interior renovations cause you to forget about your yard. Fast-selling Folly Beach homes for sale properties typically feature flowers, bushes, and beautiful palm trees. For less than $20, you can buy several bags of mulch and seeds to get started. Understandably, you might not have time to wait for seeds to grow. If that’s the case, check out your local nursery. Nurseries typically feature many mature plants for an instant curb appeal upgrade.
6. Give Spare Rooms a Purpose
When potential buyers see your home, they imagine new experiences in a new house. Seeing empty, non-decorated rooms doesn’t let a potential buyer’s imagination run wild. Plus, bare rooms without furniture can look smaller than fully furnished ones. Instead of an empty room or one serving as storage, why not give it a purpose? For instance, you can transform a boring room into a spare bedroom, office, gym, or art space.
7. Power Washing Driveways and Sidewalks
As time goes on, driveways, sidewalks, and similar areas build up stains, dirt, and grime. While you might not give these areas more than a glance, dirty driveways and sidewalks can turn away potential home buyers. For a few hundred dollars, you can purchase your own power washer. This small investment can save you from spending lots of money on a power washing company. After spending several minutes setting everything up, you can start power washing oil stains, dirt, mud, and more.
8. Create a Tile Backsplash
If you have a little time to spare, a tile backsplash can go a long way to impress people viewing your home. Tiling a small area of your kitchen is extremely affordable when you take the DIY route. You can keep things simple by installing a pattern of the same tiles or a pre-made backsplash. Or get extra creative and showcase your artistic flair by mixing up tile patterns to create a unique design.
9. Install Crown Molding
Crown molding adds extra elegance and style to any room. After adding crown molding, rooms can also appear taller. Crown molding is available in many styles and designs, making it easy to find something suitable. While it might sound and look expensive, there’s no need to spend a fortune on crown molding. Instead, you can buy and install polyurethane molding for a low-cost solution.
10. Remove the Clutter
Sometimes, what isn’t in your home can make it sell faster. Understandably, people accumulate many belongings after living in a home for a while. However, a house full of possessions doesn’t always create an inviting space for people who might buy your home. Sometimes, finding a spare storage room in your house can be impossible. If that’s the case, consider renting a storage unit to temporarily store clutter. Or donate items to a local charity.
Wrapping Things Up
Whether your home is on the market or about to be, upgrading it is often beneficial. The right upgrades help attract more buyers while increasing your home’s resale value. Money and time spent on home renovations can pay off in a big way!