According to HomeInsight.com, homeowners spent $224 billions on home improvements in 2004, with the average homeowner spending around $2,300.
After buying our first home in 2012, my husband and I decided to put off any major renovations until our finances could recover from the big purchase. However, like many new homeowners we were eager to do some upgrades not only to give our home a fresher feel, but to show a little bit of our personality. Here are three inexpensive upgrades we've done to our new home, and how much we've spent.
Caulk is such a minor thing that people often overlook how much of an impact it can have on the look of their home. You will usually find caulk around your bathtub, bathroom and kitchen sinks, and maybe even on your windows. As it ages it often turns colors, which can make your rooms look older and more worn. We were able to remove and replace the caulking in our kitchen and bathroom in one afternoon, and it only cost us $7 for the caulk and another $6 for the caulking gun. So, for a total of $13 we were able to freshen up two rooms in our house.
While it's true that repainting your entire house can be expensive, there is no rule that says you have to do it all at the same time. My husband and I are taking it one room at a time, and that strategy is working pretty well. So far, we've painted our guest room because it needed new paint the most. We used a 50% off one item coupon, so we got two gallons of paint for $45, which means we saved $15. Our local paint store offers deals like this all the time, so we plan to paint other rooms when the paint goes on sale again.
There are a lot of little details that you can change in a home for around $100. Things like doorknobs, draw pulls, faucets, and more. My husband and I replaced our kitchen sink faucet not long after moving in. It cost us $125, but was totally worth the expense because the new faucet gave the room a brand new look. The next thing on our list to change is our exterior doorknobs and locks. It will cost us around $150 to replace both handles on our exterior doors, but the change will have a big impact on our curb appeal.
All told, we've spent $183 on these small, but powerful upgrades. The most important thing I've learned is that while home upgrades are expensive you don't have to do them all at once. Making changes to our home little by little will help ensure my husband and I can afford to get exactly what we want.
*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles.More from this contributor: First Person: Our First Home Is Not Our 'Starter Home'
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