If you’re a homeowner, you know that that there is always something that needs to be done around the house. Whether it’s fixing a leaking sink, unclogging the gutters, mowing the lawn, or one of a million other tasks, owning a home will certainly keep you busy. While most of us can keep up with the daily to-do list, the real challenge of homeownership in most cases is finding the money (and time) to make improvements to our property.
There is, however, some good news. There are actually several ways to boost the value of your home and at least five of them can be done for under $1,000, which is great for families on a budget. Below, we’ve shared a list of home improvement projects that will give you the best return on your investment, courtesy a list of home improvement projects that of MoneyTips.com.
- Door replacement: A recent report by Remodeling Magazine found that replacing a front door brings the greatest value for cost. Depending on where you live, you can likely find a replacement door for under $1,000, especially if you handle the install. The national average cost for a steel door is $1,230.
- Appliance replacement: New appliances, especially stainless steel models, make a good impression on home buyers but cost one-thousandth of the value of the home or less. Spending $1,000 won’t get you top-of-the-line products, but you should be able to find excellent energy-efficient refrigerators, dishwashers, ranges, and microwave ovens (or a combination of the four) on sale which will provide an upgrade over what is currently being used.
- Landscaping: Landscaping can accent the exterior of your home for well under $1,000. Think strategic plants for problem areas, shrubs to block road noise, and flower gardens in sunny spots. If you aren’t sure what to plant in your area, most nurseries or university or county extension offices will offer free advice.
- Lighting: Update drab areas of the house with cost-efficient lighting. Consider swapping out fixtures or lamps or purchasing a track lighting kit. You can also change out old bulbs with more energy-efficient styles.
- Bathroom makeover: Look into installing a water-efficient toilet or replacing old vents. Combine these with new paint, shower curtains, hardware, and faucets and you’ve instantly upgraded one of the busiest spots in your home for under $1,000.