Before diving into a major, expensive remodel, consider making smaller, strategic updates that can boost your home’s resale value. With careful planning, you can focus on high-ROI projects that increase your home’s appeal without breaking the bank. While the average remodeling job recoups less than two-thirds of its cost, there are several minor improvements that pay for themselves and more. Here’s how to get the most bang for your buck with these simple updates.
Minor Bathroom Remodel
Average Cost: $10,500
Average Resale Value: $10,700
Average Return at Resale: 102%
The bathroom is one of the most critical rooms for buyers. An outdated or insufficient bathroom can be a deal-breaker. If a full renovation is out of reach, here are some budget-friendly upgrades that can make a big impact:
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Re-glaze the tub for a fresh, like-new finish.
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Update wall coverings or apply a new coat of paint.
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Repair damaged walls quickly with a texture spray.
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Swap out drawer knobs, pulls, and faucets to give the space a modern look.
Landscaping
Average Cost: $5,000
Average Resale Value: $5,000
Average Return at Resale: 100%
First impressions count, and a well-maintained yard can set the tone for the rest of the house. Don’t worry about pricey walkways or sod–start with these simple tasks:
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Add color at the entryway with plants of varying heights. One color can create a striking effect.
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Trim overgrown shrubbery and replace it with flowering foundation plants.
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Install a focal point like a fountain to add charm and value.
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Seal flagstones for a lasting wet look that enhances color.
Minor Kitchen Remodel
Average Cost: $22,507
Average Resale Value: $18,123
Cost Recouped: 80.5%
Kitchens are high-value areas, but you don’t need to break the bank for an update. A few small changes can freshen up the space and increase resale potential. Here are some affordable upgrades:
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Sanding and painting existing cabinets brightens the entire room.
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Add trim to cabinet fronts for a custom look.
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Re-glaze the sink to restore its shine.
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Update hardware with new drawer pulls and faucets.
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Refresh window treatments and molding for a polished finish.
Living Room Decor Updates
Staging and decor updates can breathe new life into a living room. For a more budget-friendly approach, focus on small, impactful changes.
Average Cost: $1,350
Average Resale Value: $540
Cost Recouped: 66%
The Biggest Bang for Your Buck: Fresh Paint
Never underestimate the power of paint. A fresh coat of paint can completely transform a room and drastically improve its appeal. At just $38 per gallon, painting is an affordable way to add significant value to your home.
Average Cost: $38 per gallon
Average Resale Value: $750 per room
Cost Recouped: 1,873.68%
Wrapping Up
Minor renovations don’t have to cost a fortune to make a major impact on your home’s resale value. Whether it’s updating the bathroom, improving curb appeal, or painting a room, these simple changes can help you get top dollar when it’s time to sell. Focus on the projects that offer the best return, and you’ll be well on your way to making your home more attractive to potential buyers.
