If you're looking to increase the value of your home without breaking the bank, there are a few simple upgrades you can make that can have a big impact. Here are the 5 fastest ways to increase the value of your home under $5,000:
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Update your countertops to quartz One of the easiest and most effective ways to increase the value of your home is to upgrade your countertops to quartz. Quartz is a durable, low-maintenance material that is available in a wide range of colors and patterns, making it the perfect choice for any kitchen or bathroom. And with prices ranging from around $40.00 to $130.00 per square foot, you can get a high-quality quartz countertop for a reasonable price. According to Remodeling Magazine's 2021 Cost vs. Value Report, a minor kitchen remodel that includes new countertops can have an average ROI of 72.8%, which means that you can expect to recoup nearly three-quarters of the cost of your new countertops when it comes time to sell your home.
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Repaint your interior walls A fresh coat of paint can go a long way in making your home feel new and updated. And with a cost of around $1,000 for an average-sized room, it's an affordable way to increase the value of your home. Choose a neutral color that will appeal to a wide range of buyers, such as beige or gray.
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Replace old light fixtures Outdated or worn-out light fixtures can make your home feel dark and uninviting. By replacing them with new, modern fixtures, you can instantly brighten up your space and add value to your home. And with prices starting at around $100 per fixture, it's a relatively inexpensive upgrade that can make a big impact.
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Install new hardware on your kitchen cabinets Updating the hardware on your kitchen cabinets is another easy and affordable way to increase the value of your home. Choose a modern style that will complement the look of your kitchen, such as brushed nickel or matte black. And with prices starting at around $2 per knob or handle, it's a budget-friendly upgrade that can make a big difference.
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Add curb appeal with landscaping First impressions matter, and the exterior of your home is the first thing that potential buyers will see. By adding some new landscaping, you can instantly improve your home's curb appeal and increase its value. Choose low-maintenance plants and flowers that will thrive in your area, and consider adding some outdoor lighting for added effect. With an average cost of around $1,500, it's a relatively inexpensive upgrade that can make a big impact.
There are many ways to increase the value of your home without spending a lot of money. Upgrading your countertops to quartz is one of the fastest and most effective ways to add value to your home, but there are also many other upgrades you can make for under $5,000. By repainting your interior walls, replacing old light fixtures, installing new hardware on your kitchen cabinets, and adding curb appeal with landscaping, you can transform your home and make it more attractive to potential buyers.
