Taking on a home renovation project can feel incredibly daunting, not only because of what it means for your house, but also what it means for your wallet. You want to increase the value of your home, but at what cost? Thankfully, heroes who work with Homes for Heroes to buy, sell or refinance a home are rewarded with incredible savings they can put back into their home improvement projects. Here are a few ideas on how to use your Hero Rewards® to fund a home renovation that adds value without breaking the bank.
Modernize Your Kitchen
Studies have shown that you get the most bang for your buck from a kitchen renovation. But you don’t have to replace everything to see your home value increase. For a few thousand dollars, you can replace countertops, flooring or upgrade appliances. Refinishing cabinets is also a relatively low-cost way to give your kitchen an updated look.
Achieving Bathroom Bliss
A great bathroom is another must-have on a lot of buyers’ lists, and it can really increase the value of your home. Again, you don’t have to go down to the studs to make substantial home improvements. By switching out your fixtures, updating lighting, and changing your sink and paint color or wallpaper, you can make a bathroom feel like new for only a few hundred dollars.
It’s the Little Things
One of the best ways to increase the value of your home is to improve the things you hardly notice on a daily basis. Things like your HVAC system, furnace or electrical system can all add value by increasing efficiency and safety. Replacing the entirety of any one of these systems can be very costly. But by adding energy-efficient lighting, smart thermostats and low-flow toilets, you can add value without breaking your home renovation budget.
Don’t Forget the Garage
Experts say replacing your garage door can actually increase the value of your home substantially, with some estimates suggesting garages are second only to kitchens in terms of adding value. Increased curb appeal can also help your home sell faster if you’re looking to make a move. Garage doors typically aren’t on the cheaper end of home renovation items, but they should be considered an investment that can improve energy efficiency, security and curb appeal.
Setting a Home Renovation Budget
Before starting any home renovation project, you need to establish a budget. Keep in mind, renovations can uncover hidden and sometimes costly surprises, so don’t forget to build a contingency into your budget as well.
If you’re looking to buy or sell a home but aren’t sure where to start when it comes to renovations, sign up with Homes for Heroes and you’ll be automatically connected with a specialist in your area. Our real estate specialists have great ideas on how to improve the value of any home, and our mortgage specialists can help you figure out just how much you can afford to spend.
Excited to buy a house and turn it into your dream home? Sign up with Homes for Heroes and you’ll be automatically connected with a specialist who can start you on your way to home renovation elation.