DIY : Home Improvement Ideas – Basik Money – Medium
Is it time for your home to have a major makeover? Our home improvement ideas should help you out!
Whether you want to add an extension to your kitchen or convert your attic into a bedroom, any improvements you make to your home will increase its value.
The process of renovating your home can be tiresome, plus it can cost anything from £200 right up to £50,000 in the UK. However, we can all agree the result is worth all that challenging work and graft.
This will help you to move up the property ladder in later years, as you can use your homes worth as a funding tool to buy your next home.
But where do you start?
Take a look at our top home improvement ideas to help you get started!
BUILDING AN EXTENSION
Whether you’re adding a few meters onto your kitchen or building an en suite to the master bedroom, it doesn’t matter which way you choose to extend your home. You can guarantee it will increase your property’s value.
It was easy to work out how much building an extension would cost. All you needed to do was add £1,000 for every m². However, according to Design for Me, the more realistic cost for every m² would be between £1,200 and £1,500 considering the cost of living itself is more expensive than ever.
So, if you’re building a 4m x 5m extension, this would cost around £24,000 minimum. After you add VAT and other fees on top, this could cost around £30,000 upwards for a single storey extension.
It costs almost 50% more for a double storey extension, so you could be looking at a cost of around £50,000.
Extensions are great for adding more space to your home, instead of going through the trouble of finding a bigger home. Moves are stressful, especially if you have a family. You would need to find a home that’s close to your kid’s school or find a new school altogether, then there’s your work to think about too.
Save yourself the hassle and add an extension. Although they are pricey, you can choose how you want your extension to look.
Extensions can add up to 10% to your values property and can give you a good ROI of 57%.
ADD A CONSERVATORY
Do you love nature, or simply want to add some light to your home?
Building a glass conservatory will most likely do this for you. You need to meet certain criteria to add a conservatory to your home, but you can check this through with your local planning department. You also have building regulations to think about too.
It’s important to do some planning before you build. According to Ideal Home, if you want a conservatory facing south, ventilation and shade needs to be considered. If you want a north-facing conservatory, suitable heating will need to be factored in.
The cost of a conservatory in the UK depends on the size and type of glass you want. If you want to build a basic three-sided conservatory, also known as a ‘Dwarf Wall Conservatory’, take a look at Ideal Home’s table of average costs.
Adding a conservatory can raise your house’s value from 10% up to 15%, but it’s imperative you choose a design that matches the style of your home.
Not only do they add value, health experts say more sunlight in your home can improve your health as it produces more vitamin D!
Remember to keep your budget at a reasonable amount. Nobody wants to buy a home worth £500,000 amongst other houses which are only worth £250,000, according to Zoopla.
Tired of having a dark and dusty looking attic? You could change things up by converting your attic into a room, and why wouldn’t you?
It’s the most cost-effective way to boost the value of your home. Plus, you can convert your attic into whatever you want!
If you have a growing family, you can turn the attic into a bedroom and maybe add an en suite! Or, you can convert the attic into a lounge room which you can disappear to if you’re looking for some peace and quiet.
Converting the attic normally costs around £20,000. However, adding a bathroom will normally bring the price up to around £35,000-£45,000. So long as your attic has a maximum headspace of 2.3m, you can expect to increase your properties value up to 15%-20%.
It would worthwhile speaking to an architect or building planner to check your home before going through with an attic conversion, as you will need to meet building regulations standards.
FIT A NEW BATHROOM
Although it can be a pricey investment, planning for a new bathroom will most definitely increase your properties value.
Victoria Plum, an online bathroom retailer, says:
“While you can get a good evaluation of estimated costs when planning work on your bathroom, the end figure can vary. The recommended installers quoted a range of £70 to £120 for small jobs like fitting a pedestal basin while larger tasks such as tiling a large bathroom came in with an average fee of £1,000.
Overall the average cost of a new bathroom is £4,500 in the UK and this includes furniture and installation. But if you shop smart and compare prices, you can achieve a full designer bathroom installation for as little as £2,000 to £2,500.”
You can keep costs on the low by not changing the bathroom’s layout. If you decide to move the bath or toilet, it will cost extra to have the pipes relocated. Also, it would be smart to install a concealed shower if you’re tired of baths.
According to one source, showers which aren’t concealed are more expensive as the pipes need to be built into the wall. Whereas, adding a shower with frames will bring the costs down.
New bathrooms can enhance the property’s value by 5%, plus a modern bathroom can give you a 62% return on investment.
CONVERT THE GARAGE
If you own a home which has a garage, but don’t have a car or you have parking space outside, you could convert the garage into a living area.
You could opt for a lounge room for peace and quiet, a playroom for your kids or a bedroom if you wish. Either way, you can bring up your house’s value by 15%.
You might need to have your garage inspected before making plans to renovate, but this isn’t always a priority in some cases. To get a rough idea of the cost, here is an example from Household Quotes:
“When compared to building an average extension, a garage conversion is the obvious choice. For example, a brand new three by four metre extension could cost upwards of £13,000. A standard garage conversion, however, should cost between £4,995 and £7,000.”
Dreaming to cook in a spacious kitchen? Why not turn that dream into a reality!
According to Household Quotes, it costs an average of £7,000 to renovate your kitchen. However, it’s important you think and plan carefully before getting started. This will help keep costs down.
Kitchen renovations aren’t cheap, so you need to set a budget. This will help you to make the right decisions, instead of blowing your money on fancy gadgets and sleek looking cupboards. It can cost you up to £3,000 just to have new units installed.
You might also want to consider other fees, such as replacing the wires, which can cost up to £900. Disposal fees normally range over £150.
Websites like Wren Kitchen are a great place to start searching for your new kitchen.
SO, WHAT NEXT?
We hope you enjoyed our home improvement ideas!
If you’re looking to make a huge transformation to your home, such as converting the attic into a bedroom or adding an extension, you will need to stump up around £10,000-£20,000 for a basic remodel.
It can be time consuming if you need to save up for your dream kitchen, so why not get a home improvement loan?
Before you start coming up with every reason why you shouldn’t get a loan, we’re going to give you reasons why you should!
First, you don’t need a perfect credit rating. Although it’s still relevant in the application process and may affect the interest charged, you will have a better chance of approval than you would with other loan options.
Second, rates aren’t as high as you think. Home improvement loans are far cheaper than other borrowing methods, such as credit cards which have an average of 23% APR. Loans however, have an average rate 8% APR.
Third, it’s very straightforward. The toughest part of finding a home improvement loan is getting the right rate, after that it’s a piece of cake. Once you’ve been accepted by a lender, you can expect to have the money in your account within 3–6 weeks.
Still not convinced? You will once you read:
- How do Secured Loans work?
- Basik Home Improvement Loans