What if somebody said you could have the home renovation you truly want, with all the best materials and finishings, for a mere fraction of the normal cost? What they said your biggest home renovation dreams could be realized without investing thousands of dollars, and you would be guaranteed professional results?
Truth be told, you probably wouldn’t pay much attention—and for good reason. Major home renovations are a big investment, and there’s simply no way around it. The projects that people often dream about, such as remodeled kitchens and bathrooms, bring a whole host of benefits. But they also require sizable budgets. It’s always been this way, and probably always will be.
Are there any exceptions? Not exactly—but there are a number of home renovation projects that represent great value for the money. If you’re looking for ways to enhance your property and improve your lifestyle, but you don’t want to invest a lot of money at this time, here are some minor projects that score major points with America’s homeowners.
1. Bring in more daylight
Changing your window configurations is a time intensive and high-cost prospect. But what can you do if you want more natural light in those dark areas of your home? Light tubes and skylights can be installed for less than new windows, and the brighter interiors can be a big selling point.
2. Leave sinks and toilets in place
Sometimes it’s the things you don’t do that result in the meaningful savings. When renovating kitchens and bathrooms, consider the costs before you decide to move plumbing fixtures like sinks and toilets. Doing so can increase costs by up to $1,000 per fixture.
3. Discover new storage space
Homeowners love storage space, and homeowners can often get more of it without having to knock down walls. By researching clever storage renovations (especially for kitchens) that make better use of existing space, you can pump up value without breaking the bank.
4. Change your floorpan
Open floor plans have been desirable for a number of years, and you might be surprised at how affordable it is to remove a wall and make it look seamless. Most homeowners spend around $2,000 for a truly professional job—but make sure you don’t remove valuable bedrooms, putting your home below the neighborhood average and potential depreciating property value.
5. Renovate your fireplace
These classic amenities often lag behind in rooms that are otherwise contemporary. A skilled home renovator will be able to perform a “facelift” on your fireplace and bring it into sync with the rest of the home. Homeowners are often amazed by the results.
Getting ahead without going broke
Home renovations are truly an exciting part of being a homeowner. What could be better than the ability to customize your own space in a way that reflects your tastes, enhances your enjoyment, and adds value to your property? Investing a lot of money in a big project can be highly rewarding if you work with a reputable home renovation specialist; but it’s not always the right time to make that kind of investment. By choosing an affordable project with documented benefits, homeowners can make meaningful strides forward without financial strain.