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5 ways to increase your home's value for less than $500

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Adding value to your home can be very expensive, especially in the kitchen, bathroom and front yard. These three features add the most worth to a property and consequently, cost the most to renovate and touch-up. It is however possible to find cheaper solutions that will allow you to renovate these areas. Here are just some of the ways you can renovate and rejuvenate these rooms for under $500, in order to add value to your property.

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Simple kitchen touch-ups

tilled-modern-kitchen-shelves

The kitchen is the heart of most homes and has the potential to add the most value. If you are considering renovating, a great place to start is by using current kitchen trends as a template for your own design ideas. Many people fall into the trap of thinking that having many expensive features and spending lots of money on a room will make it more valuable. This isn’t the case if the elements you’ve chosen don’t create cohesion. The most successful and aesthetically pleasing kitchens are those where the features fit perfectly into one another like a puzzle.

If you’re having trouble with design ideas for your kitchen, have a look at our list of kitchen trends for 2017.

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Wallpaper and fresh paint

bright green wall Wallpaper and paint are simple ways to bring your kitchen to life! Instead of replacing whole cabinet doors and tiles, use tile paint to repaint the cabinets and walls or even use wallpaper to add style to your kitchen. You may then also want to consider replacing cabinet and drawer handles so that they match your kitchen’s new look. These are two low-cost solutions that can help you update your kitchen and ultimately add value to your property as a whole.

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Make old tiles new with paint

kitchen-tiles Whilst the idea of painting bathroom tiles may seem tedious, it can make a world of difference and allow you to completely change the look of your bathroom. Even if you don’t change the colour, a fresh coat of paint can create the illusion of a new bathroom, which can add value to your property. Painting is also an activity you can do yourself for free, and so you only have to spend money on the paint and painting equipment!

For more bathroom renovation ideas, check out our guide to the 7 ways to help you make a statement with a small bathroom.

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Replace old faucets and racks

aqua-bathroom-sink-closeup

A simple idea but again it can make a big difference. Brand new matching faucets, doorknobs and towel racks can give an old bathroom the facelift it needs and help create a room with cohesion.

Thinking of renovating? Find a great cash out rate in minutes.

Add some curb appeal

modern-home-well-lit Updating the appearance of your front entrance can give your property that essential wow factor. If you have a front garden, start by adding some colourful flowers and plants to brighten up the property’s exterior and make it more inviting. If you can, plant large trees that produce seasonal fruit and vibrant as these tend to be the most popular trees because of their aesthetic appeal.

Whilst choosing nice flora is a good place to begin, maintaining it is essential as nothing devalues a property like brown lawn, wilting flowers and decaying foliage. Your front entrance forms the first impression potential buyers have of a property, so you want to make sure that it is a positive one!

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As you can see, making small changes and renovations to your home doesn’t have to be an expensive task and can help increase your property’s value.

Seen a for sale sign and wondering how much the property is worth? Find out with our free property report.

Tags: renovation, kitchen, bathroom, property value, gardening, saving, property report, housing market report

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Important legal stuff

COMPARISON RATE WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The comparison rates are based on a loan amount of $150,000 over a loan term of 25 years.
Lendi is the trading name of Lendi Pty Ltd, a related body corporate of your licensed credit assistance provider, Auscred Services Pty Ltd (ACN 164 638 171, Australian Credit Licence Number 442372). We will never sell your email address to any third party or send you nasty spam, promise.
EXAMPLE: This example is current as at 20th October 2016. A Click Loans Online Principal and Interest Loan of $150,000 over 25 years has monthly repayments of $767. This is calculated based on the interest rate of 3.69%, comparison rate of 3.69%, upfront fees of $0 and annual fees of $0.
IMPORTANT INFORMATION: Loan terms of between 1 Year and 40 Years are available subject to lender and credit criteria. Maximum comparison rate will not exceed 14.99% (see comparison rate warning above). Any calculations or estimated savings do not constitute an offer of credit or a credit quote and are only an estimate of what you may be able to achieve based on the accuracy of the information provided. It doesn't take into account any product features or any applicable fees. Our lending criteria and the basis upon which we assess what you can afford may change at any time without notice. Savings shown are based on user inputted data and a loan term of 30 years. All applications for credit are subject to lender credit approval criteria.
Lendi is a privately owned and operated Aussie business. Our mission is to provide Aussies with the right experience when choosing a home loan from our panel of major and non-bank lenders including Click Loans which is a wholly owned subsidiary of Auscred Pty Ltd and a related body corporate of Auscred Services, your credit assistance provider. Although Lendi compares over 1600 products from over 30 lenders, we don't cover the whole market or compare all features and there may be other features or options available to you. While Lendi is 40% owned by founders and employees, we have also been supported by some great minority shareholders including Bailador, Macquarie Bank Ltd and a number of Australian sophisticated investors. We have an independent and founder led board.
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