10 Ways to Increase the Value of Your Home on a Budget

10 Ways to Increase the Value of Your Home on a Budget

Written by Katie Cullen
Written by Katie Cullen
16th February 2015 (Last updated on Monday 21st August 2017)

Here are 10 top ways to increase the value of your home without spending a fortune.

You bought your house to be a home, but buying property makes financial sense too; it's a relatively safe way of investing your money.

So how can you really maximise your investment and make the most money possible without breaking the bank?

1. Get Planning Permission

Planning permission

(image: Gov)

Buyers like to feel that they are getting a lot for their money and that they have the ability to put their personal stamp on a building. Planning permission provides both of these. It gives potential buyers possibilities.

If you are thinking of selling your home in the near future submit plans to your local planning authority. This will cost a few hundred pounds to do (depending on the size and complexity of the extension), but if passed will make it much more desirable to buyers and you can ask for a larger amount. Plus permission, once granted, lasts up to 3 years.

2. Give it a Lick of Paint

For a £20 investment you can make a big difference. If a property is in a move-in state and doesn't require any work you are likely to sell quicker and for a higher value. So pop down to your local DIY store and invest in a pot of paint. A quick lick of paint will leave the property looking clean, fresh and desirable.

3. Wait a Few Years

The simplest way of increasing the value of your home on a budget is free and effortless. Simply sit back, relax, and let the strengthening property market do all the hard work for you. Property prices in most areas of the UK are on the rise, and in some parts of London you can expect to see a huge 25% rise in one year.

4. Give it Curb Appeal

A messy and uncared for exterior can be a real turn off. They say “don't judge a book by the cover” but people do. If you have an unloved front exterior a potential buyer may not even want to walk through the front door.

Make sure future buyers take that step over the threshold by making your property look appealing. Create ample parking space, cut the grass and add a few potted plants near the door to make it look inviting.

5. Remodel the Kitchen

Kitchen makeover

The kitchen is the hub of the home and therefore is often a deciding factor on whether a buyer purchases a property or not. Makeovers in this part of residential properties really pay off.

You can recoup more than your investment in many cases, as long as you don't go too overboard in buying only the highest spec fittings and fixtures. The kitchen should be in-keeping with the rest of the home and neighbourhood properties, but done properly can be a simple and affordable way of ensuring your home gets snapped up quickly

6. Add a Bathroom

There is nothing worse than a queue for the bathroom in the morning, or running through the house in a towel. So if you can squeeze in a small extra bathroom upstairs do it!

The cost of this will depend on the size, quality and fixtures, but can be done relatively cheaply to reap big financial rewards

7. Fit Energy-Efficient Windows

Energy costs are higher than ever, so property trends are seeing a switch to energy efficient properties in order to cut ongoing costs. And many buyers are actively looking for energy efficient homes.

Poor quality windows are one of the worst offenders when it comes to heat loss in the home, so replacing these can be a great long-term investment

8. Build Decking

Cheap decking

(image: Zuhairah Home Interior Design)

Despite the great British weather being unpredictable, outdoor living space is more desirable than ever. Decking or patios extend the inside out and give home owners the option of outside entertaining or an alfresco dining space.

Creating a usable outside space that looks good will increase the value of your property substantially.

9. Fill Up on Insulation

Similarly to energy-efficient windows, new insulation can reduce heat loss and cut energy costs, so having it installed can make financial sense. There are many grants available at the moment in order to get free wall or loft insulation, so do your research and you can improve the property for no cost at all.

10. Improve the Hallway

First impressions count, so turn your hallway from narrow, cramped and cluttered with coats and shoes to an inviting and spacious entrance.

Open doors and draw back the curtains to let light flood in, hang a large mirror on the wall to make the space feel larger and hide all your junk in the under-stair cupboard. Show your home off as the best it can be.

You don't have to do all 10 of these things in order to increase the value of your property, analyse them and think which would work best for you. And when you do make the leap of faith and sell your home, we're here to help you with the move.

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