Are you planning to sell your house? If yes, consider a little remodelling to increase the resale value of the house. Making a few changes will give the house a completely new look and you can quote a price that will give you a profit. If you feel you are short on cash, take a loan for home renovation. The return on your investment will be much higher than what you would invest in the remodelling project.
5 Budget-Friendly Home Renovation With High ROI
Let us look at 5 home renovations that will give you a high return of investment.
- Makeover the Kitchen
The kitchen is one of the most used spaces in the house. So, give it a budget-friendly new look. Ensure that you don’t go overboard with the expenses and make the kitchen fancier than the entire house.
Painting the cabinets, adding a new backsplash, or cleaning off the oil splashes and grime will go a long way.
- Remodel the Bathroom
Remodelling your bathroom can make a huge impact. Studies have shown that even a minor bathroom remodelling can give you a 102% ROI. You don’t have to go big or strip down the entire bathroom to change the way it looks.
Just replace the mirrors and bathroom fixtures, put in a new sink, or change the cabinets, and you will be good to go. Make sure there is no leakage in the bathroom, and the walls are not peeling off.
- Paint the Walls
Giving the walls a fresh coat of paint gives the house a whole new look. Paint a neutral colour that would suit everyone’s palate. It’s one of the cheapest updates that you can make that has the best returns of investment. New paint will make the rooms look clean, hide visual defects, and lighten the room.
- Clean and ‘Pop’ the Garden with Colour
A garden is the first thing that any potential buyer would see as soon as they enter the property. You can give your landscaping a boost to make the space more welcoming.
Take out the weeds, clean up the space, uproot the dead plants, and add flowers of different heights to add that pop of colour. This will certainly grab the buyer’s attention even before they step into the house.
- Make the House Energy-Efficient
You can increase the value of the property by making energy-efficient upgrades to the house. Since they help in reducing the overall energy bills, it would be an attractive feature for the buyers.
If you do energy-efficient upgrades, make sure you market it that way. You can even carry electricity bills to show how much of a difference it makes. This can make a huge impact in convincing the buyers to go ahead with the sale.
Remodelling a house will give you an upper hand in negotiations. You can ask for a higher yet a fair price while selling the remodelled house. Use these small home remodelling tips to get a higher ROI on your home.