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Here are 7 ideas for giving your pad a facelift:


1.    Redesign the floor plan


  • Cost: from £0
  • Value added: 5%

Rearranging your home creates loads more space. You can free-up room by ditching bulky furniture, or switch built-in for freestanding units so you’ll see more of the floor.


For a dramatic change, ceilings can be lifted and walls removed. You’ll need cash - and expert help - to do this, but it could make a huge difference.


TIP: The MagicPlan app creates a new floor plan in minutes using your phone’s camera.



2.    Convert your loft


  • Cost: £15,000-£40,000
  • Value added: 5-10%

If your family’s getting bigger (or you’re always putting-up overnight guests) an extra bedroom is a gift. Converting your loft does the job – and if there’s space (and budget) for a bathroom, you’ll add even more value to the house.


If you live in a semi or terraced property, you need to give your neighbours advance notice, in writing, of your plans. This is because you share a “party wall”.


TIP: If your neighbours have converted their loft, ask to have a look and you’ll see how much space it makes.



3.    Create a conservatory


  • Cost: from £5,000
  • Value added: 5%

A conservatory is relatively affordable - and you don’t need planning permission. You can use it as extra living space, or a kids’ playroom; stick a sofa bed in there and it could become a guest room.


Building control is essential: you’ll need approval to build over any drains, for example.


TIP: Adding to the overall square footage of the house increases its resale value.



4.    Invest in a new kitchen


  • Cost: £2,000-£50,000
  • Value added: same as cost

A kitchen is the heart of a home: create a bright, welcoming space, to cook, eat and hang out in.


You don’t have to rip out the old kitchen to make a change: replacing unit doors costs from £20 to £50 per door and makes your kitchen look brand new at a fraction of the price.


TIP: A brand new kitchen can easily run into tens of thousands - but estate agents warn kitchens add exactly the same value you spend on them.



5.    Fit an ensuite bathroom


  • Cost: from £5,000
  • Value added: 2%

If your bathroom looks tired, replace dated items, like light-fittings and taps, to cheer it up.


If you have cash to splash, go all-out with a shiny new bathroom suite. White creates a sense of space and won’t date quickly.


TIP: Install a separate shower cubicle - if there’s space - to make a bathroom more modern.



6.    Build an extension


  • Cost: about £50,000
  • Value added: 5%

Crave extra living space? Or a spare bedroom? An extension is a massive step – but could be cheaper than moving to a bigger home.


Extend into the garden to make an open-plan kitchen-diner; a double height extension provides an extra bedroom, too.


For a single storey extension, development concessions (valid until May 30 2019) should mean you won’t need planning permission – but you’ll still need to provide your local authority with a written description of the work and a plan of the site.


TIP: Use a building firm that belongs to a trade body, such as the Federation of Master Builders ( Ask builders for references, check they have personal and public liability insurance and ask to see their certificates.



7.    Give your garden a makeover


  • Cost: from £2,000
  • Value added: Kerb appeal

A beautiful garden makes a real difference to family life: roll your sleeves up and transform your outdoor space with tons of TLC.  


If you’re not green-fingered, go for easy options like decking and colourful plant pots. It looks the part, with minimal effort.


TIP: Avoid going overboard: if you decide to move, potential buyers might be put off by a garden that looks high maintenance.



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Money Means is a news and information series written by independent financial and consumer journalists and experts*. FSCS launched Money Means in 2016 to help give people clear and useful information about personal finance, to increase understanding and confidence when dealing with money.



9/8/2017 2:31:41 PM