Make the most of your home improvement budget

Home Improvements 7 months ago
Make_the_most_of_home_improvement_budget.jpg

Making home improvements on a strict budget can be tough, whatever its size. The trick is to focus on those changes that will transform the way you feel about your home and add value to the property.

But what exactly can your budget get you?  

Budget: £1,000
£1,000 isn’t a massive budget when it comes to making home improvements, however if you use it in the right places, it can add value to your property and make it easier to sell when the time comes, as well as making the place feel more like home until then.

Lighting is a great place to start. Good lighting can be the difference between a fresh, modern feel and something that feels dark and outdated. When it comes to selling your house, it’s all about how it makes visitors feel, and if it feels drab, you’ll find it really difficult to sell, regardless of how nice everything else may be.

Budget: £2,500  
With a significantly larger budget of £2,500, why not turn your focus outside? After all, it’s the first thing that people see when they come to your home. And remember, first impressions are everything. 

Ensure gardens are low maintenance and look as nice in autumn and winter as they do in spring and summer. If you like the look of grass but not the upkeep, take a look at getting a good quality artificial turf. Alternatively, try decking or paving, and spruce it up with nice to haves such as a fire pit and a table and chairs so prospective buyers can imagine spending their summer nights there. 


Budget: £5,000
The bathroom is an essential part of the house, but it can be overlooked and forgotten about when it comes to making improvements. First things first, make sure everything works. Then focus on making it look modern and up-to-date.

If you have the space, look into adding an extra bathroom as this could significantly increase the value of your home, whether it’s downstairs or en-suite.

Budget: £10,000
They say the kitchen is the heart of the home, so if you're looking to add value to your property you should consider upgrading. According to research by Which?, a new kitchen costs an average of £8,000, but gives you a good return on investment and could significantly increase the value of your home by up to 6%.


Budget: £20,000
With a hefty £20,000 investment, you could afford a loft conversion which, according to property expert Phil Spencer, could add an average of 12.5% to the price to your home – well worth the investment. Use the space for whatever you want, but remember, an additional bedroom to a 2 or 3 bedroom house can be extremely valuable – particularly if you have space for an en-suite bathroom too.

Source:
thisismoney.co.uk

Hitachi Hints and Tips is intended to be informative and interesting. It does not constitute financial advice, and you should always do further research when making any financial decisions. All information was correct at date of publication.
Get your home winter ready.jpg

Get your home winter ready

With the days getting shorter and the nights getting colder, we decided to put together a list of ways you can protect your home and save money at the same time. 23 days ago

Live chat

best live chat