5 Inexpensive Home Improvement Projects

Whether you’re planning to sell your home or just feel it’s time to renovate, home improvement projects can add a lot to your home’s value. However, more often than not, these projects can end up costing a pretty penny. Therefore, we scoured the internet for inexpensive home improvement project ideas. Below are our findings, all ringing in at under $5000.  

5 Inexpensive Home Improvment Projects

Organize It

5 Inexpensive Home Improvement Projects - OrganizeOkay, so you may not see this as a “home improvement project,” but if you’ve ever tried to neatly organize an entire home, you know it’s quite an undertaking. This will cost you little to no money, improve your home’s appearance and save your sanity. There are some great organization ideas on Pinterest, from using a towel rack as a pot and pan lid rack in the kitchen to using a shoe organizer as cleaning supply storage. Figuring out the best storage options for your space can dramatically change the feel of your home by reducing clutter.


Paint It

A fresh coat of paint can do wonders—both for the interior and exterior of your home. Make sure to weigh your options when 5 Inexpensive Home Improvement Projects - Paintpicking paint colors for the interior; while blues are a household favorite, grays, earth tones and other neutrals are always a safe bet. When it comes to painting the exterior of your home, always go for a neutral color, as bold and bright colors can deter future buyers (if you eventually decide to sell). Although prices depend on where you’re located and the size of the room, if you plan on hiring a professional, this project will cost you $100 to $400 for labor per hour, plus materials ($100 to $200).


Automate It

5 Inexpensive Home Improvement Projects - AutomateWiring your home to be a smart home definitely adds value and is an affordable project. Connect your home to an operating system so that you can remotely control air conditioning, heating, lighting, the TV, stereo, and computer as well as monitor your home for security purposes. This won’t only be useful while you’re at home; it will come in handy while you’re away on vacation or business. Depending on what you want hooked up and the amount you’re willing to spend, smart home systems start at around $3000.

Expense Area Low Midrange High Obscene
Wired infrastructure $1,000 $2,500 $4,000 $6,000
Wireless infrastructure $50 $150 $200 $500
Home theater (TV + surround) $1,000 $3,000 $25,000 $200,000
Whole-home audio $1,000 $2,000 $6,000 $30,000
Phone system $150 $500 $1,000 $2,000
Intercom system (standalone) $100 $500 $1,000 $2,000
Data system $50 $150 $500 $1,500
Security system $200 $500 $2,000 $20,000
Home automation $50 $1,000 $10,000 $30,000
Total $3600 $10,300 $49,700 $292,000



Floor It

Replacing carpet will cost you approximately $200-$300 per room. Make sure you get carpet that’s right for you and your lifestyle: whether it be a color that 5 Inexpensive Home Improvement Projects - Floorcamouflages stains from your kids or is in fact stain-resistant. If you find hardwood flooring under there, don’t cover it up again! In fact, even if you don’t reveal beautiful hardwood floors, you may want to consider installing them. Installation costs approximately $1500 to $2000 per room, depending on materials and size (so maybe just the kitchen, living and dining rooms?). If you sell eventually, you’ll benefit from this home improvement project, because 54 percent of home buyers are willing to pay $2,080 more for hardwood floors.


Update It

5 Inexpensive Home Improvement Projects - UpdateLittle updates around your home can make a big difference. Instead of remodeling your entire bathroom, pick a few features to update. Install a new sink for around $1,500, swap out a regular tub for a jetted tub for $1,500 to $4,000, or replace your toilet for $300 to $700 (depending on type of toilet and amount of labor). Other little updates can include adding shelving, replacing your showerhead, installing heated towel bars (about $100 each), adding or replacing your mirror, investing in a new faucet, or replacing the floor.

Do you have any more inexpensive home improvement project ideas? Please let us know in the comments section.

Andrew Fortune

Hi! I'm Andrew Fortune, the founder of Great Colorado Homes and the creator of much of the content on this website. Thanks for taking the time to read this article. Please feel free to share this article with someone who might benefit from it. I appreciate your time here on this site and am always open to suggestions and ideas from our readers.

Our Most Recent Blog Posts:

  • 22 Things to Know Before Moving to Colorado Springs

    🧐 Here's a list of 22 things you need to know before moving to Colorado Springs, CO.

  • Steps to Take Before Listing Your House for Sale

    👉This is a great resource that offers critical steps for home sellers before listing their home for sale.

  • August 2020 Colorado Springs Real Estate Market Report

    🔥Newest MARKET INSIDER - Quick, easy-to-follow info with last month's stats from our local MLS data.

  • Common Fees in Real Estate

    💵 This article breaks down all of the fees associated with buying and owning a home.

  • How Do Colorado Water Rights Affect Real Estate?

    💧If you're buying a home on acreage, please read through this.

  • 12 Best Neighborhoods in Colorado Springs

    🏠 Ready to explore Colorado Springs? Check out these 12 neighborhoods that we absolutely love. Logo

Colorado Springs Real Estate Blog

Try Our Custom Home Search Tool

With more search options than any other local website.

Explore Local Areas

Here's a quick list of homes for sale in all the local areas and neighborhoods.

Meet our REALTORS®

Meet some of the best REALTORS® in Colorado Springs and Woodland Park.