With a budget of £5k, you can make some serious additions to your home. Of course, you are not going to be able to add new floors and turn it into the HMO that you have always dreamt of owning, but you can focus those finances on specific rooms that will eventually pay off. Think bathroom, kitchen and outdoor living space. These are three of the busiest locations in any home and three of the top places that any future buyer will focus on when looking through the home. With that in mind, here are 5 practical and functional additions and renovations you can make to your home for £5k and less.
Your outdoor living space
Think landscaping with a sprinkling of outdoor furniture. What would you like to have in your garden during hot or moderate weather? A grill, wonderful pavements that demarcate portions of lush green grass patches, gravel driveways, a well-designed patio and maybe a separate eating table? All these are small things that you can do to add value to your outdoor living space. The best thing is that, if you go to the right supplier and use the right contractors, your total budget should be well under £5k.
Install a tile shower
The bathroom is one of the most valuable rooms in the home. One thing you can do is replace that bath with a custom built standing tiled shower. Make sure it is one of those luxurious showers with glass doors. It gives it more of an executive look. You can also re-do the floors and install a tiled corner bench with shelves and drawers for all your bathroom paraphernalia.
Give the house a new paint job
For £5k you can turn your house into any colour you want. One thing to remember about this is that a new coat of paint literally gives your house a new lease on life. You can do the rooms inside and even the outside walls. This might take some planning because in many cases, it is not an excellent idea to paint the house while you are still living in it.
Change out most of the fixtures
It is all in the slightest of touches. A new faucet, a new doorknob, new and stylish sockets and installing themed light fixtures that give your house a luxurious look can go a long way in improving your interior design. All you need to do is find the right fixtures and choose the right theme. New fixtures greatly improve the aesthetic, and to some point, functional appeal of the home. These are some of the things that any future potential buyers will look at.
Upgrade your kitchen
Yet another highly functional room in the house, your kitchen is by far the most important staging area should you decide to sell. But let’s assume for a second that you are not doing this because you want to prime your house for sale, but because you want to improve the quality of life for those living in it; your family. Although when it comes to kitchen renovations, £5k might not be that much money. But you can still use it to make a serious statement. Repaint it, change out the fixtures, fix some of the cabinets and maybe even upgrade one of the many surfaces to ‘a granite countertop’ standard. You could as well decide to use the money to add a few modernised kitchen appliances just to bring that room into the 21st century.
With a little creativity and some prudence, £5k can go a long way in improving your home as a whole. All you have to do is write down a realistic budget, find the right suppliers and contractors, in case you do not intend to do it all yourself.
For additional reference on low-cost refurbs, you may want to tune in this Rick Otton podcast.