Renovations Under $5K That Can Add Value To Your Home

Are you looking to add value to your home with you a lot of upfront cost.  Many times you go through usual updates to make you home more valuable such as Landscaping, New Flooring, & New Roof. However, those types of improvements can make a difference when it comes to the bottom line.  There are 3 simple low cost things that can be done for under $5,000 that will add value to you home without making a big dent in your pocketbook.

• Modernize the Bathroom

It is very well known that a bathroom or any room with utilities is a great place to do upgrades if you are looking to add value. If your bath has old fixtures, an outdated tub/shower combo now is the time to modernize the bath a glass or tiled shower stall or possible a jetted tub. Most average sized bathroom renovations will spend between $2,800 and $4,700. Keep in mind more than likely you will recoup from 80% to 90% of the cost in home value. This simple update can actually add an extra $3500 to $4000 to the price of your home. Other ideas can be new vinyl flooring or an updated sink, fixtures or updated lighting.

• Invest in a Small Scale Kitchen Renovation kit

The kitchen is another great place where small changes can be make that can make your home look like a million bucks. Also this the place where buyers will spend most of their time and inspect and know that you have skimped

here. If you have already updated the appliances or don’t have that in the budget consider stone countertops. A change like that can run around $4500 for an average kitchen. Natural materials are often the key to selling a home and especially a kitchen. These minor changes can make the difference and have a great return of investment of up to 85%. Spend $4000 and you can add up to $3500 to the value of your home.

• Replace Your Entry Door

This is probably the most inexpensive upgrade that you can make because it has a nearly 100% return on investment. Spend a bit extra on a custom hard carved door that will run you about $3000 and you will tack on an extra $3000 to the price of your home. Also this is the first thing that potential buyers see and it exudes a great first impression. It makes the home feel richer and gives it gives it character.

So if you want to add value to your home for yourself or to potentially sell your home these small upgrades will help to make your home stand out among the rest.