Smart projects for homeowners who can’t move in today’s real estate market – Boston 25 News

The real estate market in spring is usually bustling, but this year is a different story. Dubbed a “Frozen Market,” transactions are at an all-time low. Homeowners with low mortgage rates from a few years ago are hesitant to trade them for higher rates today, resulting in a limited inventory of homes for sale and keeping prices high.

Many homeowners are feeling stuck in homes that no longer meet their needs. However, there are cost-effective ways to update and renovate without breaking the bank, providing a good return on investment for when selling becomes feasible.

Malaika Adams-Minor, a designer at Norfolk Kitchen and Bath in Boston, suggests sticking to the current layout during renovations to save money on plumbing and electrical work. She recommends focusing on what will make you happy now and increase resale value in the future.

Small changes like replacing a vanity or adding a modern faucet in the bathroom can make a big impact without breaking the budget. Upgrading to glass doors for showers and baths can also enhance the overall appeal of the home.

Improving curb appeal is essential, not just for selling but also for personal enjoyment. Simple updates like a new kick plate for the front door or new hardware on cabinets can make a significant difference without a major remodel.

Replacing door knobs and painting cabinets are low-cost ways to refresh the look of a home. Painting walls with trendy colors like blues can add warmth and richness to the space. Installing a floating floor can also transform a room at an affordable price.

Overall, investing in small updates can make a big difference in the appeal and value of a home, even in a slow real estate market.