How to add value to your home on any budget from $100-$20,000

Struggling with ways to add value to your home? this can be a tricky task when renovating or spending money on your home but you are not limited no matter the size of the budget.

  • 22 March, 2019
  • RESIDENTIAL
  • real estate, Home

Whether your budget is big or small here are some ideas to help you focus the money your spending on where it will be of most value in the home.

 

If you have $100 to Spend

Don’t fear if you have $100 to spend, this is still plenty of money to add something a little extra to your home. Head to your local flower market or shop and buy a bunch of you favourite type, take them home and put them into a large vase. Flowers are an immediate way to bring colour to any room, this pop of colour will freshen up your lounge or kitchen for up to a week. Alongside flowers plants are also another inexpensive but effective way to improve your home. Potted plants such as orchids or succulents are an easy to maintain as well as herbs placed on your kitchen windowsill, living plants creates a neutral feel to the home. If plants and flowers aren’t your thing candles might be a good option as they create an ambient mood and its associated scent will leave your home smelling great for a long time.

Adding to the décor of the home doesn’t need to be an expensive task, you money will stretch further if you head to low cost department stores where lamps and stylish décor can be found from anywhere between $5-$30, which means you can get more items without spending excessive amounts and still style your home with a touch of style. Converting your child’s own artwork is a cheap and cheerful way to refresh their room or even the hall way of the home. To create a cohesive look, buy cheap frames in white or in a colour that’s matches your child’s room or if you find old frames at second hand stores you can paint them yourself.

 

If you have $500 to spend

When you’re looking at improving for $500 look into a low cost retailers and see what in their range can solve your problems, whether it be a new piece of armchair furniture or bar stools for the kitchen. It could even be the 10 year old toaster or kettle that needs replacing, if you want to stretch a few hundred dollars that little bit further small appliances are a good way to spend it.

 

If you have $1,000 to spend

$1000 will buy you new bed linen such as sheets, bed cover and a throw or you could buy a comfy new chair or ottoman for your bedroom.  You can also refresh your walks with One or 2 low cost artworks. If the living room is more of your focus , $1000 is enough to buy new low cost lamps, cushions, a tray, a few stacks of books and some flowers or an orchid and will make a big impact.

 

If you have $2000 to spend

$2000 is enough to replace a key item of furniture that may be looking a bit tired. Maybe your storage unit needs to be replaced or in need of a new coffee table, it might even be your outside entertaining furniture that is in need of an update. It could also buy you a fabulous new rug/s.  Consider a rug for the entrance way, a hall way runner, some small rugs for the bedrooms or a replacement of your living room rug.  $2000 would also be enough to paint a feature wall or if your handy you could DIY wallpaper. $2000 is enough to make a change to a few spaces in your home.

 

If you have $5000 to spend

$5000 can help you transform your outdoor living area. A new BBQ could be on the cards as you will have enough money, you could even buy comfy outdoor seating and a table, outdoor rug or new crockery to accompany this. It is enough money to buy a new BBQ, comfy outdoor seating and table, an outdoor rug and some fabulous new crockery.  Given our love of the great outdoors this is an investment that will enhance your enjoyment of your home and add value if you go to sell….as buyers love stylish outdoor living spaces.

 

If you have $10,000 to spend

Transforming a space can be hard but with $10,000 to spend you can create a real feeling of luxury with a statement artwork piece to take pride of place or even look at a few lower cost items like photographic framed prints or sculptural items like corals, tribal necklaces or prints of flora or fauna.
$10,000 can be spent very easily on layering in all of the decor and soft furnishings a home needs to look finished. Lamps, vases, decor items, plants, books, cushions and throws add that extra layer of finish that will really give your home the designer wow factor.

 

If you have $20,000 to spend

The 2 most important rooms in a home when it comes to resale are the kitchen and bathroom.  With $20,000 you can upgrade both of these spaces with some simple tricks. In the kitchen consider swapping cabinet doors and handles, benchtops and the splash back.  If the flooring is looking tired, consider replacing it.  If you have lino – see if you have floor boards underneath and if so remove the lino and polish the floor boards.  Another option is to lay vinyl flooring or to use tiles for a more contemporary cool feeling.
 
For the bathroom consider replacing the tapware, toilets and basins. If your bath is chipped or stained this can be easily fixed by enameling companies as can old tiles.  So if your bathroom colour scheme is straight out of the 70’s this simple inexpensive process could save you thousands. Add a fresh coat of paint to the walls, some plush towels, a small potted plant or candle and some luxury hand soaps and you have a whole new bathroom. 

$20,000 would also allow you to upgrade the look of all of your bedrooms if you do it wisely. New window treatments that are ready made, a coat of paint or some wallpaper, new linen and soft furnishings and maybe a statement chair for the master and you should get small change across three bedrooms.

LJ Hooker NZ

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