Many homeowners can make money if they decide to invest in their home and sell it in the future. Currently, the home remodeling market is worth an estimated $450 billion, with this number only going up in the coming years. Below are some of the ways you can save money and make money using budget-friendly first-floor home remodeling.
1. Paint the Walls
A fresh coat of paint can do wonders for any room. It is an easy and cost-effective way to give your home a new look while making it more appealing to potential buyers. Consider using lighter colors which will make the space appear larger and brighter without breaking the bank.
In addition to the walls, you can also incorporate finishing paint on other areas of the home, such as the bathroom cabinets. Around 32% of homeowners love white bathroom cabinets, so this is a great way to modernize and bring your bathroom up to date!
2. Replace and Update Flooring
If you have any old and worn-out flooring, now is the time to replace it. Replacing your dull laminate or carpet with a modern hardwood floor can create an entirely new look for your home. In addition, hardwood flooring is also an investment for the future, as it can help to increase the value of your home. Consider using flooring materials such as bamboo, which is not only cheaper than hardwood but also more durable. Laminate and vinyl are also excellent materials that can help you save money during your remodel.
3. Update Kitchen Fixtures
Updating your kitchen fixtures can help to make the space look fresher and more modern. Consider replacing old countertops with granite or quartz countertops for a sleek and stylish look. This is also an easy way to increase your home’s value, as new countertops can be a selling point for potential buyers. In addition, updating your kitchen faucet and sink to stainless steel models will also help to create a contemporary and timeless look.
4. Add Energy-Efficient Appliances
While this may be a more expensive option, it is also one that will pay for itself in the long run. Adding energy-efficient appliances to your home can help reduce monthly energy bills and save money in the long run. Look out for Energy Star ratings when choosing new appliances, as this will help you to ensure that you are getting the most efficient model for your money.
Since you’re only decorating the first floor, it will be easy to move furniture, appliances, and other items around without having to climb too many stairs. This will make the remodeling process much more efficient and cost-effective for you as well.
5. Add New Lighting Fixtures
Replacing old and outdated lighting fixtures with something more modern and sleek will help freshen up any room. Additionally, adding the right type of lighting can make a room look larger and highlight furniture! With over half of homeowners planning on buying living room furniture in the next couple of years, consider investing in a living room light fixture that will draw attention and make the space more inviting. Some creative lighting fixtures include pendant lights, track lighting, and wall sconces.
6. Consider Other Areas
Other areas to consider remodeling include the bathroom and bedroom. For the bathroom, consider updating fixtures such as showerheads and faucets, as well as installing new tiles. This will help to create a modern, luxurious feel without breaking the bank. In addition, painting and replacing old furniture in your bedroom can also help to make the space look more inviting.
Overall, budget-friendly first-floor home remodeling can be an easy way to save money and make money. With just a few updates, you can increase your home’s value and create a fresh new look for your family to enjoy!
