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Budget ways to Add Value to Your Home
Your home is a huge investment, so knowing how to add as much value as possible is important. Aside from kitchen renovations and attic conversions, there are other cost-effective ways to boost the financial aspect of your property.
In this guide, we’ll answer three key questions:
Read on as we explore how to make your home attractive to potential buyers – whether you’re selling now or thinking about the future.
What are the most valuable home improvements?
So, what adds value to a house? Conversions, renovations and new fittings are the best options for adding value to your home. In this section, we’ll explore four valuable improvements for your home.
Installing a new kitchen
The kitchen is a popular renovation area because it’s where families come together to cook, eat and socialise. This room is a key focus for buyers, who may be willing to pay more if they are happy with the kitchen.
If your existing kitchen is old, outdated and run-down, installing a new one can add value to your home. This improvement will pay off in the long run, especially if you have old kitchen appliances that do not function properly. Installing a brand-new kitchen may add up to 10% to your home’s value.
Attic conversion
An attic conversion is a practical, value-adding solution. It’s a great way to create an extra room in the house and open up more space. An attic conversion can increase a home’s value by up to 20%! There are different types of attic conversions, including:
Rooflight conversion: This is one of the cheapest options, ideal for smaller spaces. It involves adding new skylights and windows to an existing attic
Dormer conversion: A dormer conversion consists of adding a box-like structure to the house’s roofline. It provides extra headroom and light in the attic
Hip-to-gable conversion: This is where the hipped side of the roof becomes a vertical wall. This creates more room and is perfect for bungalows, detached and semi-detached properties
New roofing
New roofing can improve the kerb appeal of your property, as it’s one of the first things a buyer sees during a viewing. It will also add value by boosting your home’s energy efficiency. You could incorporate new tiles, materials and colours to give your roof a modern touch.
A new roof can provide a return on investment (ROI) of up to 63%, so it’s definitely worth considering. It’s important to remember that not every new roof will achieve this ROI – it all depends on the style.
New windows
Are your windows showing signs of damage and wear and tear? Perhaps they have dated features like single glazing? Although it’s a considerable investment, replacing your windows with double-glazed designs can provide an ROI of up to 72%. New windows can increase your home’s security and energy efficiency while positively impacting its aesthetic.
What are the affordable ways to add value to your home?
Wondering how to add value to your home on a budget? You don’t have to splash the cash to boost your property’s appeal. This section highlights four affordable DIY projects to increase your home’s value.
Apply a fresh coat of paint
Applying a fresh coat of paint is a cost-effective way to spruce up any room, whether a bedroom or bathroom. You can do this by following the ‘how-to’ Dulux Decorator Centre blogs. Focus on walls with peeling paint or outdated wallpaper and consider the type of paint for each room. For example, you need to use mildew-resistant paint for the bathroom.
Don’t limit new paint to just the walls! Consider freshening up wardrobes, chests of drawers and kitchen cabinets.
Focus on the small details
Sometimes, making small changes can have a significant impact when it comes to adding value to homes. These include:
Removing wall stains: Removing stains and cleaning your walls will make your home more attractive to potential buyers. Find out the best ways to remove common wall stains in our handy guide.
Replacing door and cabinet handles: If your home is full of damaged handles, consider fixing or replacing them. This doesn’t have to break the bank; there are plenty of budget-friendly cabinets available that will complement your interiors
Decluttering: Clear the clutter in every room to maximise space and make your home feel airy and organised
Upgrade your home’s kerb appeal
Boosting your home’s kerb appeal can increase its overall value. It’s all about creating a great impression and making your property attractive to buyers. After all, your home’s exterior is the first thing a potential buyer will be greeted with.
There are a few things you can do to upgrade kerb appeal:
Paint the front door: Apply a fresh coat of paint to the front door and upgrade the doorknob or doorbell. Blue and red are excellent colours that draw attention to the door
Refresh your lawn: If your home has a garden, improve its appearance by removing weeds, planting new flowers and upgrading garden furniture
Focus on small repairs: Take care of minor repairs, such as replacing broken bulbs or repairing a chipped wooden surface
Renovate your kitchen on a budget
Renovating a kitchen can be costly. If you’re on a budget and want to upgrade a tired kitchen, consider making minor changes. These might include replacing tiles and cabinet doors, adding shelving or painting surfaces. This could add 2 to 3% to your home’s value.
What home improvements do not add value in the UK?
Some home improvements simply won’t add any value to your home. Often, these are expensive and time-consuming. Below, we’ve listed two improvements that offer little value.
Building an outdoor swimming pool
Outdoor swimming pools are an impressive home addition and uncommon in the UK. However, their high installation and maintenance costs make them an expensive feature. What’s more, thanks to the gloomy British weather, outdoor swimming pools are typically only used during a small chunk of the year. This makes them unappealing to many buyers.
Installing a wine cellar
While a wine cellar may seem like a luxury addition to your home, it will not increase its value. A bespoke cellar is costly and will likely only appeal to wine connoisseurs, meaning many potential buyers will overlook it. You are much better off improving your property’s appearance and boosting kerb appeal.
Discover more Dulux Decorator Centre blogs to find helpful ways to transform your home. From painting floors to choosing bathroom wallpaper, we offer a range of useful tips and advice. Plus, you can find all the DIY products you need in our extensive collection. Shop now to get started.
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