Over 51 percent of homeowners spend about $10,000 each in home renovations.

While the renovations may not entirely be a bad idea, you need to have a basic plan of which elements of your home need upgrade to cut on the renovation costs. In addition, if you’re selling your home, well-thought-out renovations can increase its resale value.

So, here are some cheap home improvements to recoup your property’s value:

1. Cater to Your Flooring

Renovating your damaged floor is one of the quickest ways of adding value to your home. Besides, the floor is probably the first thing buyers notice when they enter your house.

This is why most real estate agents recommend updating damaged or faded floors before staging your house.

Also, if your carpets show signs of wear, cover them using inexpensive throw rugs. Unless they’re seriously worn out, don’t replace the carpets before you sell your house.

2. Upgrade Your Landscaping

Mowing your lawn and trimming the shrubs can go a long way into improving your home’s curb appeal. And when your home attracts more buyers, its value may significantly increase.

3. Revamp the Kitchen

The kitchen is probably the most renovated room in most homes. Thus, potential buyers will be looking for something sleek that they won’t have to renovate. Although kitchen upgrades tend to be expensive, it’s possible to give your kitchen an appealing look without breaking the bank.

Simple improvements such as applying a fresh coat of paint to the walls and cabinets can go a long way into improving your kitchen aesthetics and boost your home’s value.

You may also consider upgrading your inexpensive kitchen appliances to ensure they complement other appliances in style. For instance, if your microwave is worn out, replace it with a new one that complements your fridge’s design and color.

4. Make Your Home Energy Efficient

Lowering your home’s energy costs saves you money as well as adds value to your home.

To make your home energy efficient, you can start by installing large windows to let in more natural light, thus, minimizing power consumption during the day.

Moreover, adding attic insulation using affordable options such as fiberglass, minimizes the heat loss through the roof. As a result, you won’t have the AC on throughout.

You can also consult the best solar company near you for the installation of affordable solar panels to improve your home’s energy efficiency.

5. Check Your Exterior Siding

If you live in areas with extreme weather conditions, it’s possible that your house siding is damaged or unsightly.

By renovating the damaged parts of the siding, you’ll improve the house looks and consequently add value to it.

If your budget allows it, this is the perfect time to replace your entire house siding with a more resilient option that can withstand the harsh weather.

Cheap Home Improvements for the Best Value

Improving your home’s resale value doesn’t mean you have to drain your bank account. With the above cheap home improvements, you can rest assured you’ll get the most resale value for your precious home.

For all the latest trends in real estate, be sure to check out our news category.