I know, I know—you are so tired of staring at that royal blue laminate kitchen counter top from the 70’s that jumped out at you like a snake when you first walked in your new home. You’re itching to get started remodeling your home to make things look just the way you want them to in your Indianapolis residence. But, you are apprehensive about where you should sink your hard-earned money considering today’s Indianapolis real estate market. Like any homeowner, you don’t want to invest a lot of money on a change that you will never recoup during resale. So, before you get out that checkbook (or credit card!) consider these few simple items that have been shown over time to hold value after a remodel or addition to a home:
· Focus on the kitchen: It seems that no matter the price range of a home, people love a nice kitchen and it’s one of the first places owners want to tackle when remodeling a home. It’s no secret that during any given party, most people congregate there, and often it seems to be the heart of a home. Nice cabinets, countertops, islands, and tile flooring are all popular features. Still, do consider the price range of your home for the type of updates to consider. For example, unless cousin Jerry works for a granite company, investing in slab of stone countertop for a home in the low $100K range may look really pretty but not pay you back. However, you can get creative in other much less expensive ways, such as using tile accents. One of the most stunning and inexpensive ways you can spruce up your kitchen is simply to add a tile backsplash. Taking a free class at your local home improvement store may even teach you how you can do this yourself.
· Landscaping: You’ve probably heard of the term “curb appeal.” Little else stands out like a well-manicured lawn and attractive plantings. This is another area where you can do a lot with a little. The main asset you may end up putting out is sweat equity. To save money, wait out the summer and attend an end-of-the-season sale on perennials at your local nursery or home improvement store. Plants are practically given away at this time of the year and you can really add to the beauty of your home for literally a few dollars.
· Update your bathrooms: Like the kitchen, the bathroom seems to be a room where buyers like to see updates and a few attractive extras. Tiled floors, framed mirrors, updated lighting, tiled backsplashes; all of these can again be added for very little out-of-pocket, especially if you can do the work yourself and look for good deals on products.
· Switch out light fixtures: Consider changing basic brass light fixtures for more modern ones. Again, looking for sales here can make this a very inexpensive change.
Nothing is fool-proof in the area of remodeling your home, but if you start with just these three suggestions you can lower the risk of not recouping the money you will invest and still enjoy the changes you make. Look around your home for other inexpensive and simple improvements you can try.