How to Fund Thoughtful Home Upgrades the Right Way

If you’re contemplating moving out of your current home but haven't made up your mind yet, there's a simple solution for upgrading your home on a budget, that can help you regardless of your final decision. Whether you’ll be able to enjoy the new and improved space while still living there, or even better, boost the value of your home if you do choose to sell, let’s explore where a budget-friendly home renovation journey can take you. 

The Best Ways of Improving Resale Value

Your home is your biggest investment. To get the most bang for your buck, keep your real estate future and home value in mind when planning any improvements. Take care not to spend more than you might get in return should you sell. If one-story homes reign supreme on your street, a second-story addition might not be the way to go.  Similarly, upgrading your kitchen to gourmet standards may sound grand, but if you're in a neighborhood where it doesn’t match the market, you could sabotage your home's value. Keep your home upgrades stylish and practical and be smart with your home investments. 

Setting Your Home Upgrades Budget

Before starting any renovation project, set a realistic budget-- whatever that looks like for you. This budget helps keep your spending from spiraling out of control by creating a clear idea of what you can and can’t afford within your budget’s boundaries. Don’t worry if you start need to start small. There's no need to dive straight into a major remodel if the budget isn’t there. Rather, start with a few simple projects and see where it takes you; you can always add more later.

To get yourself started, make a list of projects within your budget that will add appeal to your space. Don't worry if you don't have much money to work with; you'd be surprised how much you can accomplish with a little creativity. Above all, keep these two things in mind when setting you home upgrades budget: 

1. Don’t overextend yourself.

2. Don’t over-improve your home.

Smart Funding Options

As you plan your renovations, you might wonder how to stretch your budget even further. Luckily, there are some easy ways to get a boost of extra cash to help fund your home upgrade. 

One option is to look for the latest 0% interest credit cards. These cards can be a much smarter choice than relying on high-interest store financing, especially if you know you can pay the money back during the 0% promotional period.

Another alternative is to unload some extra belongings you no longer use, like appliances, bikes, or other items currently collecting dust, to get some fast cash for home improvements. You’ll clear some clutter, simplify your life, and add finances to your home décor budget. 

For larger projects, you may need a home improvement loan. If you go this route, just remember, you want to focus on improvements that can help you in the long run. Luckily, there are losts of fast and fun ways to make home upgrades.

Fast and Fun Home Updates with More Bang for Your Buck

Looking for an easy home upgrade that immediately improve your home's curb appeal without breaking the bank? Start by identifying areas around the exterior needing an upgrade. You can tackle small projects that will make a big difference in your home's overall appearance. Here are some cost-effective ideas for sprucing up your house's exterior and breathing new life into your property:

• Paint the exterior: Transform your home’s exterior by revamping the entire façade with a fresh coat of paint or simply sprucing up the trim. If you're hesitant about painting, consider the difference an exterior brick cleaning can make in enhancing your home's appearance. 

• Spruce up the porch: Think about upgrades like a new roof or a stunning deck. Enhancing the entrance creates a welcoming atmosphere and sets the tone for your entire home. 

• Introduce bright flowers: Let colorful blooms fill the air with their sweet fragrance. Flowers make any space feel like home and can turn your outdoor area into an inviting oasis. From charming potted plants to delicate bushes lining the walls, there are endless possibilities when it comes to landscaping. Take advantage of the warm seasons and brainstorm creative ways to add joy to your doorstep with a few simple arrangements.

You could also consider a few of the more expensive projects in other parts of your house, such as:

• Kitchen remodels: Upgrading your kitchen can be pricey, but there are ways to build equity on a budget. A simple coat of paint on your cabinets can give the entire room a facelift. New countertops and backsplashes, paired with sleek stainless steel appliances, give your kitchen an elegant, finished look and won't break the bank.

• Bathroom remodels: Like the kitchen, you don't have to sacrifice style for affordability. Keep your eyes peeled at big box stores for sales on cabinets and sinks, and don't shy away from snagging a lightly damaged floor model for an upscale look at a fraction of the cost. And if the flooring is dragging down your aesthetic, consider investing in a fresh layer to take your space to the next level.

• Add manufactured stone veneer: Incorporating the beauty of manufactured stone veneer into a portion of your front exterior will not only boost your curb appeal but is also an investment that offers returns on most of its cost. Modern manufactured stone is stylish and sleek. With an affordable price point and a simple installation process, this upgrade is a winner in the renovation game.

Should You Stay, or Should You Sell?

Once you've added some inspired personal touches to your living space, it's only natural to start thinking about what's next. Your renovations may give you a whole new level of enjoyment in your home, leading you to stay put and continue the improvement process. Or, you may decide these remodel projects put you in the perfect position to sell. Either way, you’re in a great place to plan your next move. And if you're in the market for a new home, be sure to explore what Pulte Homes has to offer. 

For more design tips, local attraction guides, and homeowner lifestyle articles, check out the Pulte Homes blog for inspiration.

Contributed by Carol Youmans