When it comes to adding value to your home, you don’t necessarily have to break the bank. We asked Xome Contributor and HomeAdvisor.com’s Housing Expert Marianne Cusato for 5 improvements that would both increase value, and cost less than $500. Below are her recommendations.
1. Invest in Cabinet Hardware & Door Knobs
Replace builder grade door knobs and cabinet hardware with new or salvaged knobs. Consider egg-shape or crystal knobs for a unique look. Price will vary depending on selection, but can be anywhere from $20 a set to $125 a set. Most can be installed on your own, but the work can also be done by a handyman.
2. Install a Programmable Thermostat
This is a project that will not only increase your home’s value, but also pay for itself over time by lowering your monthly bills. According to HomeAdvisor.com’s True Cost Guide, the average cost of installing a new thermostat is $167.
3. Repair and Paint the Front Door
Like the hardware, the front door is an element of the home that you touch and feel. Replacing the front door is a project that offers the highest return on investment (the project is typically a bit more than $500, coming in at around $867). On the other hand, repairing a door costs on average $223, according to HomeAdvisor.com’s True Cost Guide. This small investment will add value to any home.
4. Clean Up Your Clutter
Inside and out. Outside – Rake the leaves, pull weeds, and clean up any mess. Messy landscaping detracts from a home’s curb appeal. Inside, clean up clutter. Install extra shelves in closets to accommodate more belongings. Whether inside or out, hiring a handyman to help with simple tasks of organizing and cleaning up with add to the value of a home. Real estate agents know these tricks when staging a home, no reason to just do it when selling, it is good advice for living in the home too. The average cost to hire a handyman is $391, according to HomeAdvisor.com’s True Cost Guide.
5. Add a Backsplash
A simple mirrored or tiled backsplash will add dimension to a kitchen. Depending on materials a backsplash can cost anywhere from $10-$100 a square foot installed.