In these times, being a financially savvy individual is crucial. Spending and investing your money in all the right places is the key to success. With the Internet at your fingertips, it’s so easy to look for money hacks and other financial tips that will help you get started.
A lot of new entrepreneurs and investors have found success simply by following these tips and tricks. While it has been proven time and again that the guidelines are practical, most people have actually overlooked one of the most important investments that they can make. You might not have noticed it yet, but you may have already made this investment: your home.
Having a beautiful home is one of the most common yet practical goals that most people have. We all know that it’s more than just a place where you sleep and spend time with your family. It’s also one of the best comfort zones that a person can ever have.
When it comes time to sell even a few small things can make a big difference.
Seven Upgrades to Maximize Your Sale Price
- Give the living spaces a fresh coat of paint- Paint is relatively cheap a gallon of paint will generally cost you around $40. so you can paint most of your living spaces for $200 -$300. This will make a great first impression since the house will look clean and fresh.
- Improve the lighting- Add a few additional light fixtures. You can go to Walmart and get the torchiere style lamps for about $12 each and they will make the place much brighter. You might also consider updating any dated chandeliers or hanging light fixtures. Track lighting is also inexpensive and with the new LED light fixtures you can really brighten up the living space. Speaking of LED lights… replace your old bulbs with “Daylight” LED bulbs it will make a big difference in how bright and cheery the house appears.
- Replace Old Fixtures- Things like light switches, outlet covers, door handles, faucets, and cabinet knobs. Replacing them might cost a couple of hundred dollars but it will make the house look so much better.
- Do Minor Kitchen Upgrades – We’re not talking about replacing cabinets just paint or reface cabinets, update countertops, and /or install a fancy backsplash.
- Install Hardwood floors instead of carpet- Carpet is out! Millennials want hardwood floors. Carpets look raggedy wood is classy.
- Staging- Staging your house makes it feel friendlier. Take out 50% of your stuff. Hire a professional staging consultant it will be well worth it.
- Landscaping- Curb appeal is a big deal you don’t get a second chance to make a good first impression. The bare minimum is to make sure the grass is mowed, bare spots are mulched, and plant a few flowers (you can even go to the dollar store and pick up some fake flowers).
Always think of your home as an important part of your investments whenever you plan your finances. Stay savvy, especially when you’re in the middle of renovating or upgrading your house. It’s all a matter of striking a balance between turning your home into the ultimate comfort zone and increasing its value as a part of your investments.
Renovating and upgrading your home is easier said than done, especially now that you are more inclined to invest in it. The sky is still the limit! There are many ways to increase your home’s value. Some of them are easy to do. You can even find some low-cost hacks! A lot of them might feel more expensive and can take a lot of time to complete, but just like the others, it will be worth it once it’s completed.
You might also like:
- Renovate Your Family Home on a Budget
- Remodel Your Family Backyard and Save Some Money
- Invest in Your Home: Home Improvements That Save You Money Later
- Small Items that Can Help Your Household Save Big Money
- Frugal Family: How to Save Money on Regular Home Maintenance
- Time for a Change? 5 Tips for Home Renovating on a Budget
