7 Tips To Make Your Starter House Feel More Like a Forever Home

Free Brown and Gray Painted House in Front of Road Stock Photo

With mortgage rates maintaining around 7%, many first homes bought in recent years are turning into more permanent residences.

For first-time homeowners facing the prospect of an extended stay in their starter homes, here's a guide to seven projects worth considering in 2024. These upgrades can enhance your quality of life and, eventually, contribute to a higher resale value.

  1. Apply Fresh Interior Paint

    • Give your home a new lease on life with a fresh coat of interior paint. It's an affordable upgrade that can transform the look and feel of your space. Choose colors that resonate with your personal style and create an inspiring atmosphere.
  2. Invest in New Appliances

    • Upgrading appliances was a top project in 2023. New appliances not only benefit your daily life but also add value to your home. The improved supply chain in 2023 makes it easier for new homeowners to make this valuable upgrade.
  3. Do a Minor Kitchen or Bathroom Remodel

    • Kitchens and bathrooms often feel dated in starter homes. Consider refinishing cabinets, updating tiles, adding a new bathtub, or splurging on a farmhouse-style sink for an affordable yet impactful upgrade.
  4. Expand Your Deck

    • Enhance your outdoor living space by expanding or adding a deck. It's like adding extra square footage to your home, perfect for family gatherings, entertaining guests, or dining outdoors. Wooden decks can be a cost-effective option.
  5. Install Hardwood Flooring

    • Upgrade your flooring by replacing old carpet with new hardwood floors. This not only gives your home a fresh look but also increases its resale value, aligning with your aesthetic preferences.
  6. Finish the Basement

    • Transform your unused basement into a more functional space, such as an in-law suite or entertainment den. While it's a significant project, finishing the basement offers extra living space and a potential return on investment when selling.
  7. Improve the Curb Appeal

    • The exterior appearance of your home significantly influences how you feel about it. Enhance curb appeal by painting the front door, styling the porch, and investing in landscaping. Planting new garden beds, adding raised beds, trees, or upgrading outdoor lighting can make a significant impact.

Consider these projects to make your starter home feel more like a forever home, improving both your immediate living experience and future resale potential.

 

Source: Realtor.com

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