If you’re thinking of selling your home then it’s a good idea to add as much value as possible to achieve the best selling price. However, as you are moving, you’ll want to do this in the most cost-effective way possible. Here we’ve put together a guide to some of the easier ways to add value to your home on a small budget.
Get the Paintbrush Out
One of the easiest ways to add value to your home on a budget is to give it a lick of paint. Having each room painted in a neutral colour can really make the home look modern and fresh, which will make the house appeal to a larger number of potential buyers. It also can make your home look lighter and larger, which are key selling features.
In terms of cost, a tin of paint can range anywhere from £10-£30 depending on the quality. Ensuring you buy quality paint will only help to improve the overall finish.
Revamp the Kitchen
Revamping the kitchen can always seem like a costly task, however, it does not need to be. You do not need to fit a brand new bespoke kitchen as this could be counterproductive if you are moving. However, there are ways you can improve upon the kitchen you already have.
If you have a modern kitchen style you may consider painting the units yourself. This can make the kitchen look new and also modernise the colour. Ultimately saving a lot of money. Another option could be to paint the tiles in the kitchen if you’re able to.
Other than updating the units you may want to lay new flooring. New flooring can really transform the room and make everything look cleaner and neater, even if it’s just laminate or vinyl.
Get Planning Permission
One of the most cost-effective ways to add value to your home is to apply for planning permission. If planning permission is granted, whether it be for an extension or a building plot, it will be a huge boost to the value of your property and will also increase your pool of potential buyers.
Applying for planning permission to add an extension will cost around £170 (depending on where you live) but it will add thousands of pounds to your property value if your application is granted. This is due to the points above, and buyers being able to see the extra future value for themselves.
Add Extra Storage
Storage is a major buying consideration for many people as most will be looking to upgrade and move into a larger home. Storage is also helpful to you, as it can help to declutter your home for when you have viewings. Building shelves and fitting doors to create cupboards is also a relatively cheap option. Potential places to consider for extra space could be:-
- Unused space either side of chimney breasts or at the end of corridors
- Space in the cellar or attic that can be upgraded
- Space above sinks
- Unused wall space for mounted cupboards
Get in the Garden
Updating your garden is a surprisingly effective way of adding value to a home. When viewing, potential buyers like to see open space, especially if they are looking for a family home. Getting in the garden is also relatively cheap, as in most cases, all you need to make it look presentable are tools you already have lying around in the shed.
A home survey stated that you can actually increase the value of your property by 20% having a good garden, so it’s important not to overlook this if you want to maximise the value of your property.
Keep it Clean
Ensuring that all rooms are cleaned and decluttered will help to make your home look a lot more appealing to potential buyers. This shows that it’s been well taken care of.
Selling your house is a great excuse to throw out all the clutter that has built up whilst you’ve been living there. Get rid of old rubbish and move any unused furniture into storage to give the feeling of more space.
Revamp the Bathroom
As with the kitchen, revamping the bathroom is a very cost-effective way to add value to your home. Having a whole new bathroom can cost thousands. However, changing the fittings, taps, tiles and even decorating can really make your old bathroom look brand new.
Potential buyers will be really attracted to a new bathroom. Painting it in a new neutral colour or even retiling certain areas of the room are both things that will help add value.
Adding value to your home on a small budget is definitely doable, and can be achieved relatively easily. Some really basic things like we have listed above can ultimately add thousands onto your property. Not just this, it can also help to improve the interest in your home. If potential buyers see a modern, well-kept home then they will definitely be more tempted to come and view it.