Real estate investment has several benefits, not the least of which is regular cash flow. However, these investments can also be costly, especially if the property needs a facelift or extensive renovations. Whether you have a fix and flip investment or you just want to refresh your own home for a reasonable price, consider these tips.
Rearrange Your Furniture
The cheapest way to refresh a room is to rearrange the furniture. The process can be tedious and time-consuming, but you may find that your new arrangement gives you more space, better access or greater functionality. Not only can you rearrange the furniture in each room, but you can transfer pieces from other rooms. For example, who wouldn’t like a reading nook with a comfortable chair or small couch in the bedroom? You may also use a dresser for additional storage in your living or dining room.
Adding or changing out small pieces can also have a significant impact. The best part is that you haven’t spent any money, and if you don’t like your new arrangement, you can always move it back.
Change One Wall
If you are like most people, you don’t enjoy the painting process. You have to move furniture and artwork, tape your edges, prime, paint and clean up. It can take days to finish a project. However, you can paint one accent wall and dramatically change the atmosphere of a room.
If you don’t have the time or desire to paint, you can also wallpaper one wall. Choose a paper that contrasts with or complements your décor. You may have to adjust your furniture to create more balance if your wallpaper has a pattern.
In either case, your room will instantly feel updated. The lighting and feel of your space are changed for no more than the cost of a gallon of paint or a roll of wallpaper.
Clean and Dress Your Windows
First, open your curtains or blinds and clean your windows. Enjoy the view of the outdoors and the light streaming into your room. Then, consider whether you want to have them blocked. Many people have blinds or curtains that they keep closed to block out the neighbors, but they sacrifice the natural light and view. Opening and cleaning your windows costs pennies.
If you are looking for a more dramatic change, consider adding some curtains or sheers to maintain your privacy while letting in the light. They also look more elegant than traditional blinds.
These are just a few ways you can update your home or fix and flip your investment. Consider other low-cost updates as you refresh your property.