Property Management, Tenant Selection, Real Estate News & Tips

Home Improvement Projects For Under $500

By on November 12, 2014 in Education with 0 Comments

home improvementI’ve tried to put this compilation of  home improvement ideas in approximate order of cost. These projects start at under $100 and work upwards to just under $500.

Nothing a little paint can’t fix 

Painting is one of the cheapest and easiest home improvements to make. A fresh coat of paint will make any room look as good as new which is sure to add value. Choose colors that are popular to give a more modern up to date look or stick to the neutral classic colors. At around $25 a gallon paint is an inexpensive way to improve your homes desirability and is something that just about any homeowner can tackle on there own. While you’re at it, look up, do you have that outdated popcorn ceiling? Scrape that texture away to get rid of the dated looking ceilings.

Skip the Interior Designer and Just “Steal” Other’s Ideas

Instead of hiring a designer who will inevitably give you a lot of expensive ideas such as tearing down walls or pulling up perfectly good flooring just copy what others have done.  You can find all sorts of ideas in books and magazines, on interior decorating TV shows, Pinterest  and other websites also provide plenty of decorating inspiration. To keep to a tight budget pick projects that can be completed yourself.

Get an Energy Audit 

Take advantage of your utility companies free energy audits to determine what improvements could save you hundreds or thousands of dollars in utility costs each year. Most  local utility companies will come and inspect your house for free and to top it off the improvements are generally going to have some sort of energy saving tax rebate. Having an energy efficient home is a salable improvement or if you plan on staying in the home for the long haul you can put the money save towards a different home improvement.

Who cares whether or not it’s Arbor day, plant a tree

Landscaping such as properly placed trees and shrubs will improve the curb appeal of your home greatly. Trees provide shade to keep the harmful rays of the sun from bleaching out your paint or heating up the inside of the house. Mature landscaping is a huge plus when trying to sell a home and is frequently sought after. When choosing which species or varieties to plant it is important to take into consideration the water and maintenance requirements of the plants. Purchasing drought tolerant plants that are slow to moderate growers will save you hours of yard work and money in the long run.  Keeping the yard well maintained and not overgrown will help keep the property looking nice and tidy without investing a huge amount of money

Keep it Clean

Keeping a home clean and clutter free will leave a good impression. It’s often difficult to make the house sparkle from top to bottom so I would recommend hiring a cleaning service to really give the home a thorough cleaning before putting it on the market.

If You Don’t Have The Square Footage, Fake it

Houses are often analyzed by price/square foot to help determine if it’s a good deal or not but the feel and layout of the home can make the house appear bigger then it really is. Keeping the rooms light and airy by choosing light paint, furniture and window coverings can create a feeling of being bigger then it really is. Adding a large mirror can double the rooms size just by creating that mirror image.  An uncluttered home will make the space look bigger and more open. Have a big  garage sale to get rid of the unessecary, dusty, clutter and put that money towards other home improvements

New Fixtures

Nothing dates a home like brass fixtures. Replacing old lights, faucets, door handles, etc. with updated fixtures really can change the look and feel of a home.  The cost of fixtures do add up quickly so shop around and  start with rooms that receive the most traffic such as; in the bathrooms, family room, and kitchen this would have the biggest impact for the money.

Little improvements can really increase the value of your home or if your not planning on selling they can make it a more pleasant place to live. Do any of you have an inexpensive improvement that I should add to my list?

 

 

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About the Author

About the Author: Dulcey is both a private landlord and media contributor for Rentec Direct. Her passion is to bring up to date, useful information front-and-center for property managers and landlords. .

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