The summer is a great time to tackle some home renovations. Some of the most affordable ones include updating insulation, repairing drywall, and painting. Homeowners can save money by doing these repairs or hiring a contractor.
What are some affordable home renovations that homeowners can get to work on tackling this summer?
This summer, homeowners can tackle a range of home renovations to improve their homes. Homeowners have many affordable options for enhancing their homes this summer, from interior painting to replacing appliances. Here are 7 affordable home renovation projects homeowners can consider:
- Paint the interior of your home
A fresh coat of paint can brighten up any space in your home and is one of the most affordable home renovations. Plus, if you’re handy with a brush, you can do the job yourself!
- Replace appliances
If your kitchen needs an update, but you don’t have the cash for a new one, consider replacing old appliances with newer, more energy-efficient ones. Not only will this save you money on your monthly power bill, but you’ll also be doing your part for the environment by reducing waste.
- Change your light bulbs
Often overlooked, changing out your light bulbs can have a significant impact on the energy efficiency of your home. For example, the U.S. Department of Energy estimates that replacing just one CFL bulb can save you $15 in electricity costs over its lifetime!
- Make the most of natural light
If you’re willing to spend a little money on new window treatments and curtains, you can dramatically impact your home’s energy efficiency by letting in as much natural light as possible.
- Install a programmable thermostat
This one is easy and cheap but can significantly impact your energy bill. Most programmable thermostats allow you to set the temperature at 68 degrees or higher, saving energy by keeping your home from being unnecessarily cold.
- Insulate your attic
Insulating your attic can help keep the heat inside your house and reduce energy costs.
- Seal up any drafts
If you’re noticing drafts in your home, seal them with weather stripping and caulk to ensure a better environmental seal around your windows and doors.
How may these renovations affect home equity?
When you think about home renovations, it’s likely that installing new paint and light bulbs comes to mind. However, there are a number of other small but important updates you can make to your home that can have a big impact on your equity. For example:
• Renovating the interior can help increase the value of your home. Painting walls and ceilings, installing new cabinetry and flooring, and adding new fixtures and finishes can make a big difference in how your home looks and feels.
• Make sure you install energy-efficient lighting fixtures wherever possible. Compact fluorescents (CFLs) are a great choice because they use less energy than incandescent or halogen bulbs and last much longer.
• Install natural light whenever possible by opening windows or using skylights.
• Install a new thermostat can save you up to 30% on your heating and cooling costs each year. It can also help reduce energy consumption by turning off devices when they’re not in use.