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Make the most of your home improvement budget

News & Guides 11 months ago

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 the property and add value when it comes to selling.

But what exactly does that look like?

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 Good lighting can be the difference between a fresh, modern feel and something that feels dark and outdated.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: £5,000
With a £5,000 budget, why not turn your focus outside? 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.

Pay particular attention to the entrance your buyers will be coming in through – remember, first impressions are everything.

Budget: £10,000
They say the kitchen is the heart of the home, so if you're looking to add value you should consider upgrading. According to research by Which?, a new kitchen costs an average of £8,000, so it's a considerable investment, but it can increase your home's value 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.

If you’re looking for a helping hand when it comes to your home improvements, why not get a quick quote for a home improvement loan from Hitachi Personal Finance today.

 

Sources:
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.

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