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Not all renovation projects will increase the resale value of your home. If you want to increase your profit potential, strategic home improvement ideas in these five categories — all of which will cost you under $1000 — will give you the biggest return on your investment.
1. Painting your walls
Cost: $1000 per 500 square feet for a professional job or $200-$500 if you DIY
It always pays to freshen up your walls with a coat of paint if they’re looking under the weather. Unless you’re working with a professional interior designer, always opt of light, neutral colours as they tend to make the living space look brighter and bigger.
Investing in new lighting is an easy way of making your home look larger and more cheerful. Replace any old-fashioned fixtures with new energy efficient models. Styles of lighting fixtures range from simple pendant bulbs to statement pieces or extravagant chandeliers, and each option will change the look and feel of a room more than you might think. Choose the cheapest for bedrooms; invest more in the dining room and kitchen.
3. Update your bathroom
Since bathrooms are generally the smallest rooms in the house, $1,000 can go a long way. A new shower curtain, fresh linens, new light fixtures, and accessories like towel bars and robe hooks can instantly modernize a bathroom. If your bathtub is looking outdated, it would cost you between $300 and $700 to re-enamel it. DIY or call in the professionals; either way, you’ll come in under budget.
4. Revamp your front door
Your front door is a key element of great curb appeal, not to mention the first thing your guests see. For a few hundred dollars (or less if you choose to DIY), you could spruce up your front entrance and make your home look more lively and inviting. If your front door is in good condition, potted plants, a new exterior light or a new rug are quick and easy improvements to your curb appeal.
5. Hire professional cleaners
While you can certainly clean your home yourself, there are good reasons to hire a professional if you’re planning to put the property up for sale. Professional carpet cleaners, for example, will use high tech and powerful machines that suck out more dirt and water than you could get with a hand-held vacuum. Windows can also be difficult to clean yourself when they’re in hard-to-reach locations.