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The 7 Top Home Renovations Under $5,000

The 7 Top Home Renovations Under $5,000

The price tag may be low, but any of these budget-friendly renovations can have a big impact.

Our homes are where we spend most of our time, but being cooped up with the same old walls, fixtures, and floors can make us crave change. However, major renovations can be costly, leaving us feeling stuck. The good news is that there are many ways to spruce up your living space without breaking the bank.

Believe it or not, there are plenty of home renovation projects you can tackle for around $5,000 or less. Keep in mind that the final cost will depend on the quality of materials you choose, how much work you’re willing to do yourself, and the contractor you hire. But with a bit of creativity and a willingness to get your hands dirty, you can breathe new life into your home without draining your bank account.

EXTERIOR PROJECTS

  • Garage Door Replacement
    If you’re looking to update your garage door, there are affordable options available. Single-car garage doors can cost anywhere between $350 to $1,000, while double-car garage doors start at around $500, not including installation.
    That being said, the cost of a paint job to refresh the appearance of existing garage doors can be as low as $100, if you do the job yourself, and take 4-8 hours to complete depending on the amount of preparation work needed.
  • Upgrade Entryway Door
    The cost of a new front door can range from as low as $250, excluding installation, with steel doors being the best value for their price. The estimated time for installation is one day. Are you a skilled DIYer? Installing a new front door can be a relatively straightforward project to take on yourself.
  • Paint Siding
    If you’re considering painting the exterior of your home, you may wonder about the costs involved. The price can range from $500 to $5,000, depending on various factors, including the size of your home, the type of techniques used, and whether you hire a professional or do the work yourself. For instance, a two-story, 2,400-square-foot home would cost an average of $2,500 for professional painting, which includes painting the siding and trim. However, painting over stucco or brick will be more expensive.

The duration of the project depends on whether you hire a contractor or not. Typically, it takes a few days to a week to paint the whole exterior, although it may take longer if you’re doing it alone.

INTERIOR PROJECTS

  • New Flooring
    If you’re tired of old, worn-out carpets, you can easily update and refresh any room by replacing them with wood or vinyl laminate flooring. Replacing flooring in the average living and dining room and kitchen combo, which is about 1,000 square feet of living space, is a good example to use. The cost of decent quality laminate can be found as low as $2 per square foot. So, you can expect to pay around $2,000, without installation. The estimated time to complete the project is about 3 days, but this could take longer if you decide to install the flooring yourself.
  • Kitchen Upgrade
    If a complete kitchen renovation is out of your financial reach, one way to add a touch of elegance is to replace old, discolored laminate countertops. You can elevate the look further by installing a tile or mosaic backsplash that pulls the room together.  Suppose you plan to replace 30 square feet of laminate counters with moderate-grade granite, an under-mount sink, and a backsplash. The estimated cost of this project is approximately $4,500, with the expected turnaround time of one day, plus an additional couple of hours the next day required for grouting if tile is used for the backsplash. Upgrading outdated and mismatched appliances is another way to modernize and rejuvenate your kitchen. You should expect to pay between $3,000 to $5,000 for a new stove, dishwasher, refrigerator, and microwave, including installation. The installation process can be completed in less than a day.
  • Living Room Fireplace
    If you want to add warmth and coziness to your space, consider getting a new fireplace. An electric fireplace can provide the same ambiance as a traditional wood-burning one without the need for significant structural changes. Adding a beautiful mantle can complete the look, perfect for spending relaxing nights in or entertaining guests.
    The estimated cost for a basic electric fireplace starts at around $200, but more high-end gas or wood-burning types can max out your budget. The estimated time for installation can range from 1 hour to 2-3 days, depending on the type of fireplace and whether any structural changes or the addition of electricity or gas is needed.
  • Bedroom Feature Wall
    Transforming your bedroom into a peaceful and comfortable space is important. You can create your own personal refuge by updating your bedroom’s paint and adding a striking feature wall for a unique and stunning effect.Modern removable wallpaper now comes in various looks, from rustic barnwood to glamorous bling, and can be easily replaced when you feel like updating the decor. For a large master bedroom, a single feature wall of about 120 square feet can cost anywhere between $480 to $1,200, depending on the materials you choose. The estimated time to complete this project is about 1-2 days, depending on the amount of preparation work required.Everyone desires a home that reflects their style and caters to their family’s needs. By committing a small amount of time and a modest budget, you can effortlessly transform your living space from boring to breathtaking.

 

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