How to boost your home's value on a budget

If you're gearing up to sell your home, it may be worthwhile to spend some time making a few cost-friendly renovations that could boost your home's value by thousands of dollars when it comes time to set the list price.

Deciding which home renovations will pay off for you in the end is not always an easy task, but regardless of what type of project you decide on, doing the work yourself is always the best way to save money. You don't need to spend ridiculous amounts to give your home a new look and appealing ambiance, but you may need to spend a fair amount of time doing the work yourself.

Here are some tips from to get you started:

1. Shop vintage stores
If you’re looking to add a few key pieces of decor to a room on a smaller budget, head to vintage or antique stores in your area to pick up gently-used accent furniture and unique pieces of decor. Items like upholstered chairs, framed paintings or even old-fashioned lamps can add character and personality to any room.

2. Update furniture as a DIY project
Items like slip covers on sofas and new cushions and upholstery for seats can freshen up your furnishings without a heavy cash investment. Instead of replacing these key pieces of furniture with new items, set aside a few days to update everything and give it a new look. Sofa covers and new pillows can completely change the look of your living room without too much effort or monetary investment.

3. Paint accent walls
When you’re working with a tight budget, repainting every wall inside your home (or putting up wallpaper in every room) can be expensive. Pick just one wall in each room to decorate instead. A pop of color on a single accent wall can freshen up the living area and even make it look bigger. This technique is also fun to employ in bedrooms.

4. Create more space with mirrors
If you can’t afford to shell out much cash for a room expansion, add some mirrors to different wall spaces to reflect the light. Strategically placed mirrors can make a small area seem larger, and it won’t cost you much.

5. Be creative with shelving
Hanging shelves and wall shelves can serve double-duty as a piece of decor and also have functional purposes. Cascading “floating” shelves down, say, the wall of a stairwell is easy on the eyes and can also be used to display photographs and collectibles. Smaller shelving units serve as valuable space savers in a small office or bedroom.

6. Enhance the lighting
An expensive lighting system can completely change the look of a room, but you don’t have to spend hundreds or thousands to create some special effects. A few strategically placed lamps can add dimension to a room and enhance the living space. Inexpensive light dimmers can also help change up the ambiance and mood in a certain area.

The bottom line? Roll up your sleeves and get to work – you have the power to significantly boost the value of your home if you’re willing to put in the time and effort.

Shawn & Kyle Cunningham
Cunningham Group at RE/MAX Advantage | (702) 823-0855 | (702) 823-0840