Finance Real Estate Upgrades with a Washington Hard Money Loan
Strategic upgrades can improve your return on investment when preparing to sell a property, flip a fixer-upper, or rent to tenants.
Home renovations that add value and appeal don’t have to break the bank. These eight cost-effective DIY upgrades for $1000 and under can boost your ROI with minimal expenditure. Prioritize projects depending on your investment property for maximum impact.
8 Budget-Friendly DIY Property Improvements
- Kitchen backsplash: Instantly revitalize an outdated kitchen by swapping out the backsplash. Opt for affordable tile options or consider peel-and-stick backsplashes for hassle-free installation. This simple upgrade can make a kitchen more visually appealing to potential buyers or tenants.
- Landscaping: A well-maintained exterior can make a lasting impression and create an inviting atmosphere. Trim dead branches and old growth around the property. Plant new trees, shrubs, and flowering plants, keeping year-round visual appeal and low maintenance in mind.
- Smart thermostat: Investing in a smart thermostat brings a home into the modern age and helps control heating and cooling costs. With the ability to auto-adjust temperatures, this easy-install DIY upgrade is an eco-friendly cost-saver.
- Lighting: Upgrade outdated light fixtures and switches with energy-efficient options compatible with today’s LED bulbs. Improved lighting enhances the overall ambiance of a home and appeals to energy-conscious buyers or tenants.
- Shelving: Functional and stylish, floating shelves are an excellent addition to any room. Purchased shelves vary widely in style and cost. Or get creative and use customized or repurposed materials for a unique and budget-friendly touch.
- Sinks & faucets: Kitchens and bathrooms often serve as focal points for potential buyers or renters. Give these spaces a fresh and modern look by upgrading to stylish faucet and sink combinations. This small change can have a significant impact on the overall aesthetic.
- Hardware: One of the easiest, most cost-effective upgrades is cabinet hardware. Breathe new life throughout the house. Give kitchens, bathrooms, closets, and built-ins a facelift with updated door and drawer pulls.
- Front door: A front door is the first thing people see, and first impressions matter. Improve curb appeal and create an inviting vibe by sanding, priming, and painting the front door in a welcoming color. This easy and affordable upgrade can substantially impact how your property is perceived.
- Security: For peace of mind and added value, consider installing safety features that attract potential buyers or tenants. Today’s wide range of cost-friendly security cameras and devices make home surveillance more attainable than ever.
You can improve your ROI with a bit of creativity and a modest budget. Enhance your real estate investment’s market value and appeal with these under $1000 DIY home renovation projects!
Our Washington Private Money Loan Team Can Help
Many real estate investors turn to private money lenders as a source of fast cash for investment property improvements. Unlike conventional loans, equity-based hard money loans are approved based on available collateral; credit score and employment history are secondary. Paperwork is minimal, and the approval process is streamlined. So you can have money for real estate investment projects quickly and conveniently in hand. Talk to our experienced lending team at Gregory M. Russell to learn more. We partner with Washington real estate investors to provide flexible financing for fix-and-flips, rental properties, and other investments up to $400,000. Call 1-888-477-0444 or reach out via our online form. Boost your ROI and meet your long-term real estate goals. As trusted Washington lenders, we are here to assist you.