(BPT) - Whether you plan to sell your home soon or you simply want to make your property more modern and livable, there are many things you can do to increase the value of your house. The good news is you don't need a massive budget to make a big impact. Here are five affordable things you can do to boost your home's bottom line.
Update the entryway
Updating the entryway provides a warm welcome to guests. Clean the space of clutter and consider adding a new sturdy doormat and plant or wreath to add a splash of style. Of course, the focal point of the entryway is the front door, so if yours is looking drab, a fresh coat of paint can go a long way. If it's dented and worn, consider a replacement that doesn't cost a ton but has great return on investment: Remodeling Magazine's 2019 Cost vs. Value reports an average national job cost of $1,826 with a 74% ROI.
A kitchen remodel certainly boosts a home's value, but even a minor kitchen remodeling can surpass $20,000, with upscale remodels costing $100,000 or more. To get that new kitchen look and feel without the big price tag, consider putting funds toward new appliances instead. Coordinating appliances for a cohesive look enhances the aesthetic of the room. Stainless steel continues to dominate in interior design, but choose the right colors for your kitchen's unique look and you'll love the results.
Add a bathroom
A bathroom addition certainly boosts a home's value, and if you are strategic about the remodel, it doesn't have to be costly. Don't feel limited if the space where you want to add a bathroom doesn't have existing, below-floor drainage. With smart alternatives like Saniflo, you can add a complete bathroom virtually anywhere, thanks to above-floor plumbing technology that pumps drainage from the fixtures up to the sewer or septic-tank line. The Sanibest Pro is ideal for full baths, especially those used frequently by guests and children. Designed to handle sanitary products that normally should not be flushed down the toilet, the Sanibest Pro can also handle drainage from two other bath fixtures, such as a sink and a tub or shower. Keep in mind, a mid-range bathroom addition recoups 60% of cost, according to the 2019 Cost vs. Value report.
Swap out hardware
Sometimes it all comes down to the details to make a space more visually appealing. It's costly to get new vanities and cabinets in bathrooms, kitchens and entertaining spaces, but you can give the space a new look by updating the hardware. Knobs, handles, hooks and more become dated and dingy over time. Head to your local home improvement store to select new hardware in a design and finish that reflects your personality and the home's style. Satin chrome and oil-rubbed bronze are trending in 2019.
Add crown molding
If you think crown molding is reserved just for upscale homes, you're mistaken. Crown molding is an affordable way to add a touch of luxury to any space, boosting value and enhancing the interior design. Crown molding is available in a variety of materials, including wood, plastic and foam. You can paint it to the color of your choice, although white is always a classic crown molding hue that adds a clean, eye-catching appearance. Not only does crown molding boost design, it also is a clever way to cover any gaps that can emerge over time between the walls and ceiling.
You don't need a big budget to give your home's value a big boost. These five projects are a great way to enhance your property today with a great return on investment tomorrow.