Seven Small Renovation Ideas That Add Value to Your Home

Increase the Value of Your Home with these Small Renovation Ideas

With home prices at historic highs and mortgage rates still lofty, many homeowners choose to stay put and invest in their properties.

In fact, a recent survey by Discover Home Loans found that 55 percent of American homeowners would rather renovate and upgrade their homes than move to a new place. However, some big renovations, such as an updated kitchen, a new deck, or a remodeled bathroom, can be pricey.

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The good news is that there are many improvements that can make your home more comfortable, livable, and functional, adding value to your home while not breaking the bank!

Here are seven low-cost small renovation ideas that can add incredible value to your home.

Small Renovation Ideas = Added Value

In today’s market, every dollar counts. When well-chosen and planned, even small renovations can add tremendous value. Adding value can enhance your home equity, making future borrowing more attractive, and some small renovation ideas can add functionality, aesthetics, and comfort to your life!

1. Upgraded Curb Appeal with a Garage Door Replacement

A good-looking garage door is a relatively inexpensive upgrade that pays big dividends. The average cost of removing and disposing of 16 x 7-foot garage doors and replacing them with four-section doors on heavy-duty galvanized steel tracks is around $5,000. This curb appeal enhancer can pay back 193.9% of your installation cost when you sell.

2. Replacing Your Front Entry Door

Your front door is the first impression a visitor has of your home. It’s also a beacon for potential buyers. Replacing an old wooden door with a steel replacement door can not only improve your home’s curb appeal and recoup 188.1% of its installation cost, but it can also help lower your energy costs. Steel doors fit more tightly into door frames, reducing drafts and lowering heating and cooling bills.

3. Install a New Kitchen Backsplash

Remodeling your kitchen can be costly. However, one small renovation idea that can improve its aesthetics and add value is installing a new backsplash. It can be done quickly, and with the right tile, it can become a visual focal point.

4. Upgrade Your Kitchen Lighting

Your kitchen is a multi-purpose space. Not only do you prepare and share meals with your family in it, but it’s also a workspace for kids and adults and a gathering space for family meals and dinner parties. Ambient kitchen lighting plays a big role in setting the mood, and task lighting helps keep you safe when preparing food. Whether it’s new pendants over the island or under-cabinet lighting, a kitchen lighting upgrade is an affordable project that can add value.

5. Loose Fill or Blown-in Attic Insulation

Adding insulation in your attic is an upgrade that offers almost a 100% return on your investment. You will recoup most of the cost in added value to your home and lower your energy use, saving you money.

6. A Minor Kitchen Remodel

It’s easy to go a little crazy with a kitchen remodeling project. Taking the room down to the studs is expensive and often not necessary! In fact, a minor kitchen renovation, like replacing your solid surface countertops with natural stone, adding a tile backsplash, installing new cabinet hardware, or refacing cabinets, can often recoup more of your costs than a major one.

7. Modernize Your Bathrooms

Upgrading your bathrooms to offer a more spa-like experience can not only add to your enjoyment of your home, it’s a feature that buyers are looking for. Remodeling your bathroom can increase your property value by as much as 73.7% of your project’s cost. Even small renovation ideas like upgrading to rain shower heads, double sink vanities, extra storage, or a standalone soaking tub can contribute to that spa-like vibe and add value.

And finally, an affordable DIY Bonus Idea…

Get A Big Bang for Your Buck with a Fresh Coat of Paint

A fresh coat of paint can instantly update and transform your home’s interior. An average gallon of one-coat coverage interior paint costs under $50, and a high-quality brush, roller, and tray will cost another $50. Though it’s one of the most affordable small renovation ideas, you may want to consider hiring a painter. This year, neutral colors like whites and greys are back in style. Creating a neutral palette can make your décor, draperies, and furniture really pop!

Conclusion

You don’t have to spend a fortune to add value to your home. These small renovation ideas are affordable and take as little time as a long weekend! Some, like a new steel entry door, can add twice their cost in increased value, and all will improve your family’s comfort, are attractive to buyers, and add value to your home.

Are you considering a home improvement project on a limited budget? Let us help you design the perfect space to meet your needs! If you live in the Greater Madison area, call the experts at Degnan Design-Build-Remodel at (608) 846-5963. We can take your home to the next level of comfort, design, and function! Are you ready to learn more? We are always available and happy to answer your questions.