6 Budget-Friendly Ways To Add Value To Your Home

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Looking for a cheap way to boost the value of your home without breaking the bank? Whether you’re wanting to sell your home to upgrade for a growing family, downsize from an empty nest, or just to make some extra money, small tweaks that don’t cost an arm and a leg can dramatically increase the value of your home. Fortunately, there are many things you can do to your home to give it an inexpensive facelift, making it more appealing to buyers and increasing the chances of selling it at a higher price. 

1. A Fresh Coat Of Paint 

You’d be surprised what a new coat of paint can do to the interior of a home. Not only can fresh paint brighten dull walls, but a modern, neutral color like white or cream can open up any living area, making it appear bigger, newer and more appealing to those looking to buy. 

2. Less Is More 

Taking a minimalist approach to home decor is the smartest decision you can make when selling. Decluttering will make your space more open, and gives prospective buyers a chance to imagine their own belongings in your home. Remove unnecessary items like frames, ornaments, pictures and hide children’s toys before an open house. 

3. Add A Mirror Or Two 

Adding mirrors in rooms like the master bedroom, in the lounge room behind the sofa, or in the family room can add depth and give the impression of having a larger space than there actually is. Plus, not only are some mirrors super-stylish, they are an affordable way to give your home a designer aesthetic that buyers are sure to love. 


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4. Bye Bye Kitschy Kitchen 

The kitchen is often the heart of the home. Giving your kitchen a simple refresh doesn’t have to be expensive if you know where to start. Consider updating small appliances for more modern ones - you can find cheap options in places like Walmart and Target. Change door knobs for an easy update, or for a more considerate renovation that could bring you a decent payback , you might even consider painting old cabinets to a fresh white or neutral color scheme. 

5. Tidy Up Your Front Yard 

Curb-appeal is always important when it comes to selling your home. Whilst it might sound obvious; a freshly cut lawn, vibrant foliage and a cleanly kept front entrance is always desirable. If you don’t have a green thumb, you might consider an affordable landscaper to help you upgrade your front yard. After all, it’s the first thing buyers see and the last impression they will get! 

6. Upgrade Your Entertainment Area 

If you have existing space in your backyard or an existing rundown entertaining area, a little TLC will go a long way when selling. If you have a deck, repaint it for a fresh new look, add some plants, outdoor seating, but don’t overcrowd. You want to create an area that is inviting for long summer nights and weekend barbeques without unnecessary clutter.  

Steve Jovcevski is a property and lending expert at financial comparison website mozo.com.au, where he shares his insights and tips to help home buyers and sellers navigate the world of property finance.

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