Home improvement projects are growing in popularity. Kitchen and bath remodeling has increased 40% as of June 2020. Renovations can increase the functionality and aesthetic appeal of the space and can also increase resale value.
Consider adding home upgrades to your Christmas list as the holiday season approaches. Here are some affordable projects to gift yourself this season.
1. Update Your Entryway
Adding a steel door can increase your home’s curb appeal and resale value. It is also an affordable option with an average cost of $1,000 and an added resale value of $850. Steel is a durable material that protects your home from the elements and deters thieves.
In addition, these types of doors are easy to maintain. You can simply clean them with a wet sponge and all-purpose cleaners. Make sure to also regularly check the door and frames for any signs of damage.
Here are some more reasons to add a steel entryway:
- It’s energy-efficient
- It can block out noise
- It can be customizable
- It won’t rot or warp like a wood door
2. Replace Your Windows
Updating your windows can be a great way to enhance your exterior. Also, having properly fitted windows can decrease your energy bills. Consider adding vinyl versions, which have better insulation, require minimal maintenance and are durable.
Another perk is they come in various styles, so you can easily find one that matches your home’s design. The best part is installing vinyl windows won’t break the bank. They are cheaper than other options, costing around $400-$800 to install.
Once a contractor has installed the windows, add caulk or weather-stripping to seal any gaps. It helps to improve your home’s energy efficiency and keep out unwanted pests. Also, add some fun patterned curtains to help liven up the space.
3. Build a Wooden Deck
Many homeowners enjoy having a deck to entertain or spend quality family time on. This can be a cost-effective way to add value to your home. It can cost around $3,565-$5,122 to build a deck, but it provides a 70% return on investment (ROI).
Once your deck is built, add in some comfortable seating and a table. Decorating with potted plants or lights can also enhance the area. If there’s room in the budget, a fire pit or outdoor kitchen can be an attractive feature to potential buyers.
4. Remodel Your Kitchen
Kitchen remodels are one of the more popular renovation projects, with an 81% ROI. It’s well worth the investment since you spend most of your time here. Make simple changes such as repainting and updating hardware. Natural colors and earth tones are popular choices for homeowners.
Some improvements will need help from professionals, such as installing new countertops. If there is enough room in your budget, granite or marble can give the space a classic look. However, laminate is more affordable, costing around $8-$40 per square foot. It’s also easy to install and can mimic stone options.
5. Refresh Your Bathroom
Bathrooms are other popular amenities buyers look at closely, and remodels can have about a 50% ROI. Updating your bathroom can increase its functionality, especially for a larger family. One of the first things you want to do is update old fixtures, such as your toilet or faucets. Also, upgrading lighting and installing a tile backsplash can further enhance the space.
Another thing to keep in mind is adding additional storage. Floating shelves over the sink can help you organize your toiletries. If you have more room in your budget, you can replace your shower or add a double vanity.
6. Update Your Flooring
Your floors receive a lot of foot traffic, so they should be durable and comfortable. They can also tie a room together. However, there are many materials to choose from. If you’re not sure which flooring to add, you should consider your lifestyle.
For example, do you own a pet? Consider installing vinyl flooring, which offers good traction and is comfortable for dogs. Vinyl is also durable and low-maintenance. Plus, it doesn’t trap pet dander and is scratch-resistant. It’s also a good option for homeowners with families.
Carpets are another comfortable option for children. If you’re looking to increase your home’s value, hardwood floors are attractive features to potential buyers.
Here are some other questions to consider before installing new floors:
- How much foot traffic will it get?
- Where are you installing the flooring?
- Who is walking on it?
- How much time do you want to spend on maintenance?
7. Construct a Walk-in Closet
Having more storage space for your clothes is very convenient. Instead of garments getting wrinkled in drawers, you can easily hang them up. You can also build more shelving to increase your organization and place some wire baskets to hold shoes.
A bigger closet will also add value when you sell because extra storage space is a popular amenity for many homeowners.
8. Add Another Bedroom
Adding a bedroom can give extra space for guests or another child. To create one, you can build out, construct a room on the side of your house or add a second level. Keep in mind you will need to obtain the proper permits before making any additions. It’s also important to review your local zoning laws.
Adding an extra bedroom provides short-term convenience and long-term value. You can add about $30,000 to $50,000 to your home’s asking price.
When creating an extra bedroom, consider the location carefully. Attics or finished basements are great spaces. Plus, it can reduce costs, since you don’t have to build new walls.
Be sure to add character by hanging fun artwork or tapestries on the wall. Also, consider adding larger windows or sheer curtains to allow more natural light. It can help boost your mood and make you feel more relaxed.
Cost-Effective Updates for Your Wish List
Making improvements to your home doesn’t have to break the bank — simple upgrades can be affordable. Larger remodels can also increase your property’s value, saving you money down the line. Gift yourself one of these improvement projects this holiday season and reap the rewards.