GUEST BLOG: RenosGroup – How to Increase Your Home Value on a Budget

Looking for ways to increase your home value on a budget? We’ve gathered our top suggestions below to improve your design without breaking the bank.

Flip the Basement

Adding more useable space in the basement is actually more affordable than you might think, especially if you already have a finished basement. All it takes is a few extra touches to transform a grungy, dark basement area into a bright and eye-catching secondary living room space, games room, playroom or secondary suite. A basement renovation both adds more value and also increases your family’s overall enjoyment. 

New Energy Efficient Fixtures

Another way to give the value a boost when you’re on a tight budget is to upgrade all of the energy-draining appliances to energy-efficient ones. EnergyStar washers and dryers, dishwashers, furnaces, fridges, and ovens are the most sought-after upgrades by potential homebuyers because they can save hundreds of dollars in energy bills each year. 

Updated Kitchen Furnishings

You don’t have to rip out all the cabinets and completely customize your kitchen space to add value. Even minor changes in the kitchen can yield high returns. Think of new hardware, upgraded fixtures, a cool mosaic tile backsplash or upgraded flooring to give the room a quick update without breaking the bank. Even new lighting fixtures can greatly improve the look and feel for only a few hundred dollars. 

Improve the Wood Trim

Replacing any old worn wooden trim can make your home look just like new again. The trim around the doors and windows can also be upgraded for a small investment. 

Bathroom Remodel

Does your master bathroom look like something out of that ‘70s show? All it takes is a few hundred dollars to give it a well-needed facelift. Taking down old wallpaper and adding a new tub, installing decorative tiling, and replacing the vanity and mirror with a more modern design are inexpensive ways to change up the look and increase the value. 

Upgrade the Ceiling

Do you still have popcorn ceiling? Removing that old bumpy ceiling and applying a fresh coat of paint or a new stylish wood tongue and groove is an easy, budget-friendly fix. It’s also better for your health if you get rid of it since popcorn ceilings are historically known to contain asbestos dust.

Change the Flooring

If you’re looking for a big return on investment, changing up the flooring in the main rooms can instantly enhance the value and entire look of your home. The trick is keeping it within budget.  Fortunately, today there are many affordable flooring options that look just like luxury materials. Take vinyl and ceramic for example. These both come in various styles and colours and can even imitate wood and stone. Sustainable flooring options are also more affordable than ever before. Options like cork will give you some serious bang for your buck.

Improve the Garage

Adding cabinets in the garage is one simple project that can give you lots of extra storage space. But extra space isn’t the only reason to upgrade the garage. Adding slip-proof flooring, for instance, can enhance safety and even add value. Insulating the garage can also be seen as advantageous, especially if you use the garage as a workshop or to store personal belongings.

Repair the Entranceway

First impressions matter for any home, so if your front yard, driveway, walkway, or front door are looking neglected, consider ways to improve them. Minor improvements can go a long way when it comes to increasing the value of your property. New asphalt on the driveway, a more modern front door, and basic hardscaping upgrades are all it takes to change the appearance and boost the price tag of your home.

Add Mobility Services

Planning to age in place? Many seniors are opting out of retirement homes to stay where they are most comfortable. If you or a loved one plans to stay put, some modifications may be required to guarantee your safety. Mobility renovation services will ensure that your home has enough space to maneuver and that all the counters, cabinets, storage areas are within reach. Brighter lighting can increase visibility and shower and bathroom modifications can reduce slip and fall incidents. 

Hire someone you can trust to stick to your budget and provide the advice that you can trust. Renosgroup.ca has been assisting homeowners in Ottawa, boosting the value of their properties with beautiful, professional renovation work for decades. Contact us today and let’s start your next project. 

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