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5 Best Budget Renovation Projects

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Renovating on the cheap? It can be done. Here are 5 of the cheapest home renovation projects that won't break the bank.

1 Get painting

Painting has got to be one of the cheapest, smartest ways to lift the look of your home and boost your profit margin. For just a few hundred dollars, you can bathe tired walls in a soothing neutral, crisp white or bold color or spend a few thousand dollars to have a pro paint your property.

Even if you can only afford to paint one wall or one space, it will dramatically alter the appearance of the area.

A trendy alternative to paint is patterned wallpaper. Use it as artwork on a feature wall or hallway to create a luxe look for less.

2 Hardware overhaul

They may be small, but door handles, knobs and taps attract the eye and bring harmony to the home. While new handles and pulls dazzle when combined with freshly painted, resurfaced or replaced doors and drawers, they can still make an impact without changing anything else.

And if you still have a little cash left over, consider spending it on a statement chandelier, floor lamp or lantern.

3 Budget bathroom

While it would be fun to splash the cash on a new bathroom, you can spruce up the space with just a few thousand dollars. All it takes is some research and careful budgeting.

If your budget is super tight, replace the sink, tapware, towel rails, drawers, toilet seat and accessories. And skip fancy tiling for a new paint job.

Shop around for seconds, secondhand pieces, or bathroom vanities with barely noticeable impurities. If you're a handy DIYer, try cutting a hole in the top of a reclaimed dresser and popping in a new sink.

And weigh up the cost of buying new versus resurfacing the bath, sink and toilet. You may be able to keep what you have, by giving it a minor facelift.

4 Low-cost lighting

Like paint, lighting your home can work wonders for creating ambiance and highlighting or hiding specific spaces. Try to buy all your new lights in one go, as you may be able to secure a discount. Scour markets and secondhand shops or make your own lampshades and lanterns. You only need to spend a few hundred dollars to replace daggy, dull lights with ones that dazzle. And remember to choose LED or other energy-saving bulbs to lower your power bills.

5 Cut-price kitchen

All homes are judged on their kitchen. It?s a fact. But just because money is tight, you can still make significant improvements. For around $1000 to $2000, you can replace cabinet doors and drawers, update handles and knobs, get new tapware, and give the entire space a fresh lick of paint.

With a little extra dosh, consider upgrading appliances with stellar energy ratings. Then finish it all off with some new accessories.

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