Home renovations (cosmetic changes to the inside plans outside of your home) can be fun, but they also can be expensive. However, not all home renovations have to break the bank. Of course, other factors determine how much a renovation project will be (e.g., if any additional work needs to be done beforehand, the cost of materials and tools, etc.), but here are some examples of affordable home renovation ideas for each room of your home.
If you have an attic or basement (or both) in your home, you may be able to convert it into another bedroom or other liveable space. It’s almost always easier to convert a basement than it is to convert an attic, because many attics may not be tall enough to be converted into a living space. Also, many homes don’t have basements, but the majority of homes have attics. So if you’re able to convert your attic or if you have a basement, consider converting it into one of these rooms:
- Home gym
- Home office
- Living space for a college student
When it comes to real estate and home value, the bathroom is the second most important room in the home, after the kitchen. This is why renovations to your bathroom usually add the most value to your property. Bathrooms are also one of the most budget-friendly rooms to decorate because you only need to make minor upgrades (e.g., updating light fixtures and hardware, etc.) to increase property value.
However, there’s more you can do to give your bathroom a luxurious feel. If you have a traditional bathtub/shower, consider upgrading to a walk-in shower. This is also considered a safety update, as a walk-in shower reduces the risk of tripping, and slip-resistant strips will also reduce the risk of slipping.
Bedroom renovations can be tricky because this room typically only sees decor upgrades— but you can still get creative when it comes to your bedroom. Consider adding interesting and eye-caring details to your walls, such as trim or a board and batten pattern. You can also increase your storage by installing floating shelves on the walls. Any renovation that creates visual interest can make your bedroom look and feel new.
Dining rooms can also be another tricky place when it comes to home renovations, but they can still be done. Consider built-in shelves (shelves built into the walls) or a built-in seating area. You also can’t go wrong with installing a new light fixture over your dining room table. If you have a door that leads to your dining room (or even if you don’t) consider installing glass doors to give it a touch of elegance.
As mentioned earlier, the kitchen is considered the most important room in a house when it comes to real estate. This means that just about any kitchen renovation will increase your property value, especially updated countertops and hardware. However, there are more luxurious, yet budget-friendly upgrades you can make to your kitchen.
Kitchen islands have become very popular because they allow for more workable countertop space. The good news is that you don’t have to have an island built into your kitchen with a sink— although you could— you can create a faux kitchen island using standalone cabinets or high tables.
If you have a multi-story home, consider adding a residential elevator next to your stairs. Residential elevators are growing in popularity because they add a touch of luxury to your home and they’re also a safer way to travel between the levels of your home— especially for those with limited or impaired mobility. They’re also not big and bulky like commercial elevators; instead, they’re very sleek and can fit into almost any home. Installing a single-passenger elevator in your home is a cost-efficient and eco-friendly way to add both luxury and safety to your home.
A garage can be easily renovated. Start with a garage door repair job and move inwards from there. You could turn the space into an extra bedroom for guests, a studio for working or hobbies, or a workout area if you’re into fitness. Indeed, converting your garage like this could even add an extra 10% onto your home’s overall value!
All you need to do is ensure the room gets enough light, is properly insulated, and is comfortable enough to spend time on a long term basis. That means fitting a small window, putting a rug on the floor, and double checking your wall cavities – all of these are fairly low budget jobs in the long run!
All of these are budget-friendly ways to transform the look and feel of every room in your home. Major renovations and remodels, such as transforming your entire attic and/or basement may not be as budget-friendly as some of the other projects on this list for some (it depends on how much work needs to be done), but they are almost always guaranteed to increase your property value, so you’ll get your return on that end. Also, keep in mind that you don’t have to do all of these renovations at once— you can always work on one room at a time.