Increase Your Home's Value—Without Breaking the Bank

With the spring remodeling season right around the corner, now is the perfect time to start thinking about adding value to your home by making various upgrades. If a big remodeling project is not in your budget, however, there are other things you can do to improve your home’s value without breaking the bank.

Think About Your Most Important Rooms. Your kitchen, master bedroom and master bathroom are the most important rooms—value-wise—in your home and if you have a limited amount to spend on renovations, concentrate on making upgrades to these three rooms. Although a total renovation of any (or all) of these rooms may not be feasible, smaller updates will still give you a very good return for your money. If you need ideas for less-involved upgrades to your kitchen, master bedroom and master bathroom, talk to your real estate agent.

Redo Rather Than Replace. To save money, consider redoing rather than replacing. For example, instead of a full kitchen remodel, just have the doors of your cabinets replaced and new laminate flooring put down over your existing kitchen floor. Another example would be to get your backyard deck cleaned and refinished rather than having the deck torn out and a new one installed. Of course, a complete remodeling project may be unavoidable, but try to think outside the box a bit to see where you can save some money.

Maintain Your Curb Appeal. One area you should consider is the outside of your house, namely the landscaping and general appearance of the outside. Hiring a landscaping company to regularly maintain your yard is a good inexpensive step and will increase the curb appeal of your home throughout the year. Also, you may want to have the exterior of your home painted, which will definitely increase the curb appeal. Maintaining your curb appeal may not boost the value of your home as much as adding on a bedroom or remodeling your kitchen, but it will definitely add some value.

Get the Biggest Bang for Your Buck. Sometimes, making small and simple upgrades to your home can be the way to go. These projects may include replacing faucets, light fixtures or door knobs or installing crown molding or shelving. Much like maintaining your curb appeal, each small project will probably not increase the value of your home, but taken together, several small upgrades can make a difference.

In the end, keep in mind that increasing a home’s value isn’t just something that sellers should be thinking about. Even if you plan on staying in your home forever, increasing your home’s value is important because your home is an investment—and growing an investment is always an excellent idea.

For more than 25 years, Omega Financial has been serving mortgage clients in Massachusetts. Our brokers have approximately 50 years in the mortgage business. You always will receive fast, courteous, and accurate information. Omega Financial, Inc. is a company duly licensed to operate in Massachusetts as a Mortgage Brokerage. We are located in the Town of Norwood, Massachusetts where we have been operating as Omega Financial Incorporated since 1988.

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