Adding value to your property - what to consider?

If you want to get the best return possible on your property, there are a few straightforward ways to add value - without breaking the bank. In this article, we show you a few budget-friendly ways to get started.

Open home sign

By Donna Webeck
Whether you have just bought a home which requires some modernisation, or you are planning to sell and want to secure the best possible result, it’s important to keep in mind a few vital points when adding value to your property in the United Kingdom.

How can I add value to my property on a budget?

It pays to be practical when considering what to invest your renovation budget into. A fresh coat of paint to the interiors and exteriors will give your home an instant facelift and ensure your curb appeal is on point. Clear the garden of weeds or overgrown shrubs and plants, which will make sure you give off a great first impression.
There are also other simple ways to add value without breaking the bank. If you update your home’s light fittings, window coverings, tapware and ensure the carpet has a thorough clean, it can provide a maximum impact on a minimal budget.

Are kitchen and bathroom renovations the best place to invest in, when you want to add value to your property?

If your renovation plans are geared towards selling, it’s the big-ticket items – bathrooms and kitchens - which will add the most value to your property.  
“Research has shown these are the two most popular rooms to renovate,” confirms Tom Bentley, Operations Manager, Refresh UK. “They’re areas that people should invest in, whether you’re renovating to sell or to live in your home.”
The average kitchen renovation will set you back approx. £10,000.00. This price includes VAT and fitting but excludes appliances and any preparation work that may be needed, such as ripping out the old kitchen, plaster walls etc. Bathrooms, on average, will set you back on average £6000.
However, if you want to enhance these rooms on a budget, why not replace old-fashioned fixtures with contemporary counterparts, or even simply revamp your kitchen bench or bathroom vanity with a stone surface? Head to our Projects Estimate page to find out more!

How important are the front and rear gardens when adding value?

It’s no secret first impressions count – and if you’re renovating to sell, then you need to ensure you are putting your best foot forward from the moment potential buyers arrive.  Whether it’s a cute picket fence, planting a fresh garden of flowers, keeping the lawn trimmed and even a new driveway, this will help make your home memorable and valuable.

How much should I spend?

Any money you invest in your home has to work for you, not against you. So, as a good rule of thumb, keep the cost of your renovations to 20% of the value of your home.

Get in touch with Refresh to discuss your home renovation project

For more information on how you can add value to your property – either for profit or comfort –contact your local United Kingdom Refresh Renovation expert today!

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If you would like to find out how Refresh Renovations can support you with a high quality, efficient home renovation, get in touch today. Your local Refresh Renovations consultant will be happy to meet with you for a free, no obligations consultation.

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