We all want to do what we can to add value to our homes. However, when working within a budget this can seem easier said than done! Moreover, you may be concerned about committing valuable funds to projects but seeing no return on your investment when you eventually sell up.
Bear in mind that there is a lot you can do to add value to your home without breaking the bank. You might be surprised at how the smallest of changes can do a lot when it comes to adding value to your property.
Whether you are selling at auction, on the property market, or to a property-buying firm, in this article we will explore some of the best things you can do to add value to your property whilst sticking to a budget.
Things you can do to add value on a budget
Tidy up! – This may sound ridiculously simple but a thorough tidy-up and declutter can work wonders when striving to make your home as attractive as possible. A top tip to consider is selling old possessions that you no longer use and which add clutter to your property, and using the money generated to finance small improvements that will add value to your home.
Create a strong first impression – First impressions count so don’t underestimate the impact that a freshly mowed lawn or a new coat of paint on a front door can make. Making small changes to increase your property’s “kerb appeal” is one of the most important things you can do to add value to your property.
Improve a lackluster bathroom – If you can’t afford (or don’t want the hassle) of installing a brand new bathroom before you sell, consider making small changes to your existing bathroom to show it off in its best possible light. Move out any clutter, give the grouting a good scrub, and invest in some attractive towels and matching hand soap dispenser which will give the bathroom an inspirational appeal. Furthermore, updating taps and fixtures is another good way to give your existing bathroom more appeal.
Make small improvements to your kitchen – The same principles apply to the kitchen, where small changes can make all the difference. Clear the surfaces and curate your kitchen by adding tasteful items such as a few cookery books, plants or a bowl of fresh produce. Ensure that your kitchen is immaculately clean and consider a coat of neutral paint to mask any stains and create a truly fresh feel within your kitchen.
Make sure the lighting works for your home – Light and space rank high on the wishlists of a large number of potential buyers. Maximize light coming into your property by opening blinds (make sure you give the windows a clean first!), moving large bulky items into storage, and investing in mood lighting where appropriate. Even a few well-placed scented candles will create a pleasant, comforting ambiance within your property.
Consider applying for planning permission – Another good idea for those looking to increase the value of their property on a budget is to apply for planning permission for future projects such as an extension or garage conversion. Depending on the type of property you have and the extra space available, this could potentially add a lot of value onto your property, as potential buyers will know that plans to improve the property further have already been accepted.
Consider staging – Good staging will take the focus off any less than desirable features of your home and will enable potential buyers to imagine enjoying themselves within your home. Staging a home ranges in price depending on the size of your property and the time you need the staging in place for. For those whose budget won’t stretch to physical staging, virtual staging is a great idea. It is estimated that a staged home will sell faster and make more money than an unstaged home.
Thank you for reading our top tips for adding value to your home on a budget. With a little work and some strategic thinking, you can add a significant amount to your home’s value without compromising on budget.