5 Easy Ways to Add Value to Your Home… without Breaking the Bank

Photo: Designbuildinhabit

If you’re thinking about selling up and moving on to a new home, or you just want to do some upgrades to enjoy yourself, you don’t have to spend tens of thousands of pounds and stress yourself out to add value to your home.

So here are our top 5 ways that you can easily add value to your home without blowing the budget!

1. Get Rid Of The Garage!

90% of British garages don’t actually contain a car! The reality for the vast majority of UK garages is that they end up as giant storage containers for things that we don’t really need, or even want. So why not convert your garage into extra living space and add vital square footage to your property! The great thing about converting a garage is that you already have all the essential rooms in your actual house (bedrooms, bathrooms, living rooms etc.), so this gives you a bit more freedom to add some fun and luxury with your converted garage.

Think about converting the space into a playroom if your property is best suited to young families, or a gym if you’re targeting young professionals – these desirable additions will certainly add value to your home and you should be able to carry out the work for less than £10,000 (even less if you are prepared to do some of the work yourself).

2. First Impressions Matter – Upgrade Your Front Door

This upgrade is incredibly cheap but has a surprisingly big impact. Estate agents are always banging on about “kerb appeal” (how your home looks to a potential buyer when they approach it from the street) and making some little improvements to your front door can make the world of difference.

Think about buying a new door handle or door knob (about £25-£35), a stainless steel door number (between £5-£20), or make a statement and paint your front door in a bold statement colour – you could even go for a quirky pattern to make your home really stand out from the crowd.

3. With Bake Off Fever – The Kitchen Counts

Us Brits are spending more and more time in our kitchens. They are not only a place to cook dinner, but a place to eat, a place for the kids to do their homework and a place for you to enjoy a glass of wine after a long day.

If you decide to upgrade your kitchen then you should think about practicality first, then comfort and style second. You primary concern when redesigning your kitchen should be easy access to the holy kitchen trinity – sink, fridge, cooker. Once you’ve got the basics, then you can start thinking about colours, surfaces, styles etc.

If you want your kitchen upgrade to add value to your home make sure that the cost of your new kitchen matches the cost of your house – otherwise you won’t see the return you expect in added value. E.g. DO NOT install a £10,000 kitchen in a £1million home, and vice versa, DO NOT install a £25,000 kitchen in a £250,000 home. A new kitchen done correctly typically adds about 4.6% to the value of the home, so this option is well worth the initial cost.

4. Knock Down Walls (Check they aren’t load-bearing first!!)

Usable space counts more than the number of rooms in a home and open-plan living is most definitely still in vogue. So if you have a dividing wall between your kitchen and diner, as long as it’s not a load-bearing wall, why not knock it down and open up your living space.

Costs can be kept down pretty low here, as long as you know how you plan to re-style the room once the wall is down. Make sure you have thought about how the new space will work – will you need more furniture? Will you want to redecorate? Include these costs in your budget and you won’t have any nasty surprises when it comes time tot up your total spend.

5. Don’t forget to look down – spruce up flooring

You don’t have to re-carpet your entire home to update your floors. Any new owner will probably want to re-carpet the place themselves, so there is no point wasting money on this before you sell.

If your carpets are looking a bit tired and tatty then a professional carpet cleaning and some strategically placed rugs will make the world of difference – and it won’t cost you the earth!

Another good tip is to patch up any scruffy spots or holes in laminate flooring as this can be done at very little cost and will save you the hassle of ripping up the entire floor.

So there you have it! Our top 5 tips on how to add value to your home without breaking the bank. Want to find out how much your home is worth? Head on over to The House Shop to find out.