In the current tough real estate market, buying a fixer-upper can be a great strategy. For starters, making improvements and upgrading outdated features can be more affordable than buying a new home in a good neighborhood. What’s more, you can renovate your home in phases with the available cash.
If you want to transform your fixer upper and boost its value, here are nine things you should do.
Clean the house
As simple as it may sound, cleaning your home is a great way to increase the value of your fixer-upper. A clean home is more welcoming, and it enables you to spot potential problems. Additionally, it eliminates the likelihood of mold growth, which can be a health hazard.
Painting your home is another affordable yet effective way to transform your home. A new hue can give your home the blast of color it requires and cover any imperfections. Forget the white and dull walls that are unappealing. Give your home a total color makeover with neutral colors.
Let in natural light
Letting in more natural light into your house will make a big difference and completely transform the atmosphere. Although knocking down some walls can be pretty expensive, adding windows, flooring, and color pallets will be more affordable.
Remove the old carpeting
A new carpet looks great, but old and torn carpets can have a negative impact on your space. You may want to consider hardwoods, which are beautiful and can last a lifetime. However, if you are on a tight budget, you can try a laminate, penny style, or bag floor.
Replace old fixtures with new ones
The fixtures of your old home are most likely outdated. Therefore, you should consider installing new ones. Start by replacing the kitchen faucets and then proceed to the bathroom. Ensure that you hire experienced bathroom remodeling professionals for the best result.
Remodel your kitchen
Any real estate expert will tell you that the best upgrade to a fixer-upper with the greatest returns is the kitchen. Follow these steps to transform your kitchen:
- Repaint the cabinets
- Install new tiles
- Switch to stainless steel kitchen appliances as they last longer
Change the lighting
Nothing gets outdated quickly than the lighting of a house. A gold-plated chandelier will scream “old-fashioned.” Fortunately, lighting can also be updated easily, and you won’t have to break the bank to make this upgrade.
Add a deck
Adding a deck to an old home will recoup over 80 percent of your investment after selling. Therefore, plan carefully before you install a deck and include unique features like a fire pit and built-in benches. Also, ensure that you use high-grade materials that can last for years.
Install new windows
Although new windows can be expensive, they are crucial. Old windows in your home may not effectively keep elements at bay. Therefore, new windows will help you to save more money in the long run.
While buying a fixer-upper will have more work than a new home, doing the renovations yourself can be very rewarding. Use the above simple tips to breathe life back into your home without paying a premium price for it.