Riding Out the Recession: Raising Your Home's Value

With the housing market still in a slump, many people are staying put and looking for cheap ways to fix up their house, so when the market does turn around they will be ready.

"I think it's a great time for this," says Robin Menter. "People dont want to spend a ton of money."

Menter owns an architecture and design firm and says adding value to your home doesn't have to cost a fortune; start with paint.

"With only a $10 to $12 can of paint, you can get a lot of bang for your buck," says Menter.

According to menter, lighting makes a huge difference too.

"You can buy inexpensive track heads and use low voltage lighting and get a great punch."

Art is also a good investement.

Homeowners can purchase tasteful posters for cheap.

Menter also says frame art out of coffee table books.

Storage is huge a well.

"There are creative ways to use what you have and outfit it to make it work in a more functional manner for you."

For instance, inexpensive, frosted doors hide clutter Adjustable blinds maximize natural light, which also adds value. 

Five simple steps, Menter says will be money in your pocket when the housing market turns around. Fixing up kitchens and bathrooms gives owners the most bang for the buck when it comes to significantly improving your home's equity.

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Riding Out the Recession