Buying and reselling homes is one of the many opportunities the real estate industry offers. Some investors buy, hold for a long period, and sell at a higher price; while others buy, upgrade, and resell almost immediately.
If you belong to the second group or simply want to give your home a classy facelift, then this article will be highly beneficial. We’ve been able to put together 20 affordable upgrade options to make your home look more luxurious, and help potential buyers pay up to 40% more than its usual selling price.
So, roll up your sleeves and get your interior designer and remodelling contractor on speed dial, because this list of 20 upgrades will send you speeding down the path to profit.
20 AFFORDABLE UPGRADES FOR YOUR HOME
- Accessorise Your Front Door
Enhance the entrance to your home with colourful elements like plant pots, patio furniture, or a welcome mat. You could also opt for an analogous colour scheme to create a vibrant and attractive entryway.
2. Switch to Neutral Paints
A fresh coat of paint can instantly elevate your room’s appearance. Light, airy, neutral colours like white, beige, cream, and off-white make a space feel more luxurious. Dark brown and black are also trendy colours that give a modern touch.
3. Try Kitchen Wallpapers
Wallpapers are a fantastic way to add colour and vibrancy to your kitchen. You can cover an entire wall or create a feature wall for a more affordable, yet equally stunning, effect. Just be sure to choose heat-and-steam-resistant wallpapers designed specifically for kitchens.
4. Consider Cabinet Shelves
Cabinet shelves are a renter-friendly way to add extra storage without construction. This antique option features clear glass doors and raised panel cabinet doors below, which offer even more storage space.
5. Fingerprint Doors
Upgrade your traditional doorknobs to affordable fingerprint doors. This modern feature not only adds convenience, but also appeals to tech-savvy buyers who value home technology. Plus, it enhances your home’s exterior appeal.
6. Go for Vinyl Plank Floors
Replacing worn-out carpets with budget-friendly options, like vinyl plank or laminated flooring, can refresh your home’s look. Buyers often prefer these durable, low-maintenance flooring that also adds visual appeal.
7. Floating Shelves in the Bathroom
A decluttered bathroom will always be timeless. Replace bulky cabinets with classic floating shelves to save space. Display simple but elegant items on the shelves, and consider installing circular mirrors for added style.
8. Add a Fresh Coat of Stain to the Decking
If you have a deck or patio, applying a fresh coat of stain can revitalise the space and make it more appealing.
9. Replace Silver Faucets with Brass Ones
Silver is a common choice in most homes, but switching from silver to brass, or even black, can enhance the overall aesthetic. Installing these faucets in the bathroom or kitchen sinks and showers can give the space a more modern, polished feel.
10. Install Vinyl Windows
Vinyl windows are a great choice if you’re looking for low-maintenance options. They’re durable, weather-resistant, and don’t require painting or staining.
11. Unify Outlet Covers and Switch Plates
Replacing outdated and mismatched outlet covers and switch plates can create a cohesive and polished look throughout the home.
12. Add Crown Moulding
Install crown moulding in living rooms, or dining areas, to add a touch of elegance and sophistication to the space.
13. Create a Focal Point
Add a statement piece, or focal point – such as a decorative fireplace mantel, a large mirror, or eye-catching artwork – to draw attention and create visual interest.
14. Change the Bathroom Vanity
If a full bathroom remodel isn’t feasible, consider only replacing the vanity to instantly upgrade the space and give it a more modern look.
15. Refresh Kitchen Cabinets
Rather than replace entire kitchen cabinets, refresh them by painting or staining them in a new colour, and add new hardware for an affordable transformation.
16. Install Low-Flow Fixtures
Swap out old showerheads and faucets for low-flow alternatives to conserve water and make your home eco-friendlier.
17. Put in a Programmable Thermostat
Upgrade to a programmable or smart thermostat to optimize energy usage and provide cost savings for potential buyers.
18. Create an Outdoor Living Space
Add a seating area, patio furniture, or a fire pit in the backyard to create an inviting outdoor living space, which expands the usable square footage of your home.
19. Install a Water Filtration System
Improve the quality of drinking water by installing an under-sink water filtration system that’s also an attractive feature for health-conscious buyers.
20. Paint Doors a Contrasting Colour
Rather than stick with the standard white, paint your doors a contrasting colour. Choosing anything but plain white can give your home a custom feel without much expense.
Remember, the goal is to increase your home’s value while spending less. So, assess your budget, target market, and the potential return on investment for each upgrade before making any decisions. You may not need every tip, but there’s one opportunity we’re confident will benefit you.
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With over 15,000 homes delivered across Lagos and Abuja, Nigeria, we have a proven track record of building affordable, quality assets in locations that guarantee significant returns.
For savvy investors, our properties present a fantastic opportunity. We offer some of the lowest entry prices in Nigeria’s current real estate climes, with competitors charging 40-60% more than we do.
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