Advertiser Disclosure
GOBankingRates works with many financial advertisers to showcase their products and services to our audiences. These brands compensate us to advertise their products in ads across our site. This compensation may impact how and where products appear on this site. We are not a comparison-tool and these offers do not represent all available deposit, investment, loan or credit products.
Top Home Improvements To Complete on a Budget in 2021



Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 YearsHelping You Live Richer
Reviewed by Experts
Trusted by Millions of Readers
Thanks to COVID-19, many of us are spending a lot more time at home than ever before. That laser focus on your living space might reveal little issues that you’d like to improve but frustrate you with the fear that you won’t be able to improve them.
Of course, home improvements can be costly, but they don’t have to be. What better time to jump on freshening up your living space with affordable home improvements than the new year? Here are six simple ways to improve your living space at reasonable prices, most of which you can do yourself.
Install Crown Molding
The smallest additions can change and brighten up a room. Take crown molding, for example — decorative trim typically made of wood (though sometimes other materials) that you can put up around the edges of a ceiling or as baseboards at the bottom of walls to add a little texture, ambiance and class to any room. It’s pretty easy to do yourself if you have a saw of some kind, and it isn’t too costly. According to This Old House, it’ll cost about $120 per room to add.
Lay Down New Paint
The simplest and perhaps most effective way to quickly improve any interior or exterior in your home is a fresh coat of paint. A new color can change the way light reflects off surfaces, brighten a dull corner or refresh old cabinets. Peeling old entrance ways can enliven with a fresh coat and make any space feel revived. Of course, it’s good to be prepared with painter’s tape and drop cloths and the right kinds of brushes so that you do a good job. This Old House offers step-by-step instructions for painting a room right. You can expect to spend $150 or less per room.
Find Out:Â 11 of the Smartest Money Resolutions To Make in 2021
Refresh Your Deck
If you live in a home with a deck that’s more than a few years old, you’re probably looking at faded, chipped or peeling wood somewhere along the way. Renovating that wood is an easy fix. You can refinish your deck with a lot of elbow grease and a little bit of investment in either renting or purchasing some power tools. Deep stains in the wood can usually be power washed away, while chips and peeling wood can smooth away under the steady hum of a good sander. Renting an electric power washer from a home improvement center will cost you about $40 to $100 per day, according to Consumer Reports. Or you can buy one for about $150. An electric or battery-operated belt sander will start around $60 and up.
Shine Up Old Hardwood
If you have the luck to have true hardwood in your home, don’t forget to polish and shine it up once a year or every four to six months in high trafficked areas. A good polish, and maybe the addition of a throw rug or new runner, can make a dingy floor look elegant all over again. Floor polish prices vary but run around $18 to $48 for a two-pack of 32-ounce bottles.
New Light Fixtures
Small changes to a room can have a dramatic impact, especially when it comes to light and light fixtures. A new fixture can not only increase brightness, it can add style, texture and ambiance to a room. There are numerous considerations, such as finding a focal point in the room to place a light, choosing light bulbs for their specific effects or just changing out an old light shade, but this is a quick and easy fix for home improvement that won’t break your bank. Light fixtures come in any number of sizes and prices but for a few hundred dollars you can light up a room in a whole new way.Â
Add a Backsplash
If a bathroom or kitchen area feels a little lackluster, it might be time to change up or add a little tile backsplash. Popular subway tiles, which come in any number of colors, run from about $7 to $13 per square foot and are durable and classic in their appeal. Of course, you can go as fancy as you like, with pricey Italian tiles or handmade artisan tiles but if you’re looking to keep costs low, there are numerous options within almost any price range.
More From GOBankingRates
Share This Article:
You May Also Like

7 'Normal' Expenses the Middle Class Accepts Without a Second Thought -- but Shouldn't
October 17, 2025
5 min Read

4 Hidden Ways Cars Are Driving Americans Into Poverty, According To Humphrey Yang
October 14, 2025
5 min Read

6 Key Signs Your Finances Need You To Scale Back Your Holiday Spending This Year
October 15, 2025
5 min Read







Here's What It Costs To Charge a Tesla Monthly vs. Using Gas for a Chevy Silverado
October 16, 2025
5 min Read




Best Ways To Save Your Money
Make your money work for you
Get the latest news on investing, money, and more with our free newsletter.
By subscribing, you agree to our Terms of Use and Privacy Policy. Unsubscribe at any time.

Thanks!
You're now subscribed to our newsletter.
Check your inbox for more details.



Sending you timely financial stories that you can bank on.
Sign up for our daily newsletter for the latest financial news and trending topics.
For our full Privacy Policy, click here.
Looks like you're using an adblocker
Please disable your adblocker to enjoy the optimal web experience and access the quality content you appreciate from GOBankingRates.
- AdBlock / uBlock / Brave
- Click the ad blocker extension icon to the right of the address bar
- Disable on this site
- Refresh the page
- Firefox / Edge / DuckDuckGo
- Click on the icon to the left of the address bar
- Disable Tracking Protection
- Refresh the page
- Ghostery
- Click the blue ghost icon to the right of the address bar
- Disable Ad-Blocking, Anti-Tracking, and Never-Consent
- Refresh the page