It is no secret that it is harder than ever to get on the property ladder, with soaring house prices and a hugely competitive market. Yet in 2018, the number of first-time buyers is the highest in 12 years. After committing to the biggest investment of their lives, it is not surprising that house buyers are more keen than ever to make sure they can successfully increase the value of their home. Don’t worry, you don’t need to take out a second mortgage to pay for home improvements! Here are 5 tips and tricks to increase the value of your home on a budget.
Convert Under-Utilised Spaces
It’s always great to work with the space you’ve got before thinking about extending your property. Converting under-utilised spaces such as your cellar, loft or even garage to create additional living space will always add value to your property. Transforming your loft into an additional bedroom is a great way to appeal to a larger proportion of the market – buyers usually want as many bedrooms as they can get! If that’s not an option…
Add an Extension
Extensions are a great way to increase the overall floor space of your home, without having to pack up and move into a bigger property. There are many different options here. If you are on a tight budget, stick to a single storey extension such as increasing your kitchen and dining space. If you have a bit more cash to splash, how about a full height extension? That way you can add to the upstairs and downstairs!
Optimise the Outdoors
It’s not all about the interior, optimising your external spaces can add massive value to your property. Improve your garden by planting a variety of flowers, shrubs and trees to enhance the natural environment. Evergreen plants are a great option as they keep their colour all year round! If you want to revamp your driveway or patio flags without the cost of ripping them up and starting again, why not invest in a pressure washer to give them a new lease of life? Companies such as SGS Engineering offer quality pressure washers and other essential gardening tools at great prices. Your flags will look brand new!
Increase Energy Efficiency
Making your home more energy efficient will always add more value than it costs. There are many ways to do this – add insulation into your roof and external walls, upgrade your central heating system, seal any drafts around doors and windows, the options are endless!
Perhaps one of the easiest and least costly options is to simply redecorate the interior. Outdated wallpaper and carpets can really impact on the value of homes, so making simple cosmetic changes will hugely improve your property. A fresh lick of paint can spruce up a space and good quality paint can be purchased at relatively low cost. So, if you are willing to roll up your sleeves and pick up a paint brush, you are bound to improve the value of your home!