5 Home Projects in 2023
If you’re looking for home improvement projects that really pay off, you don’t have to go for a full renovation with a hefty price tag. Instead, there are plenty of home improvements that are affordable and can be wrapped up in just a few hours. From the kitchen, bathroom and even unused spaces, we’re covering home improvement projects that will boost your home’s value.
Whether you’re looking to put your house on the market or you want to add value to your home sweet home, we’ve rounded up 5 of the most affordable and best ROI home improvements.
- FOCUS ON THE KITCHEN
A complete kitchen renovation isn’t always necessary when you’re looking for a sizable ROI. If your kitchen has good bones, work with what you already have and add a few upgrades.
“Updated kitchens and bathrooms provide the highest ROI when considering home projects. Assuming your kitchen cabinets are in fairly good condition, there are a few updates that provide a big impact that don’t require renovation and can be incorporated fairly easily into your existing [space],” says Shoshanna Shapiro, Owner and Principal Designer at Sho and Co.
Adding “key upgrades such as new pendant lighting over the kitchen island, new cabinet hardware and a unique backsplash,” are all ways to transform the look of your kitchen.
Looking for a bigger project that can still be worked into a smaller budget? Consider painting or refacing your cabinets, changing out the flooring, upgrading appliances or opting for new countertops.
2. PAINT REFRESH
The quickest and easiest way to get some bang for your buck is to give any room in your home a paint refresh. While the cost of a can of paint can vary based on brand and quality, you can expect to pay anywhere between $15 to $40 a gallon.
Interior Designer Jessica Love of Urbane Design says a project she always recommends to homeowners is adding a new color to their bathrooms. “Paint your bathroom walls or vanity a fresh new color,” says Love. “I like to stick with neutral, zen colors for the bathroom.
While painting, don’t forget to add a new coat to the trim and the ceilings for an all over clean look.
3. REFINISH HARDWOOD FLOORS
Breathe new life into your existing hardwood floors by resurfacing them or installing new hardwoods in your home to see an average ROI around 70% to 80%. There’s no denying that beautiful floors make a great first impression, and with a variety of stain colors, your hardwood floors can be timeless or trendy.
Whether you choose to turn this into a DIY project or hand it over to the professionals, skip the wall-to-wall carpet and opt for hardwoods instead.
4. UPDATE MIRRORS
If the bathrooms in your home still have the borning builder-grade mirrors, it’s time to evict them. Swap out the mirrors for ones that have frames that match your decor and hardware. From a high end to a discount store, you’ll find plenty of mirrors that match your design aesthetic and budget.
If you’re changing out the mirrors, just make sure the hanging hardware can hold the weight of the new mirror.
Looking for an easy project? Love suggests adding some personality to your existing mirrors by adding a custom frame by using DIY framing kits. She says they’re easy to order, customize and assemble.
5. NEW HARDWARE
From the kitchen, to the bathrooms and on every door—old hardware can make your home seem outdated. Another budget-friendly project that can make a big difference in the look of your home is fresh hardware.
“Switch out your current hardware for something more modern. Mixed metals are trending right now; we’re seeing black with brass and brass with chrome,” Love says.
Don’t stop inside your home, consider changing out the hardware on your home’s exterior as well.
Those are 5 home improvement projects that you can do in 2023 without breaking the bank. As always, if you have any questions about buying or selling property, contact us so we can get started in helping you reach your real estate goals.
-Jecca and Stephen