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If you’re looking to put your house on the market, or you simply want to update the look of your abode without spending a fortune – rather than thinking big renovation projects and interior design makeovers, it’s useful to think on a more micro level. There are multiple simple and budget-friendly ways to increase the value of your home to have it appear more desirable, with the help of a few experts.

1. A splash of paint

Just like fashion trends, interior wall paint colours can change. Painting the walls can lift the whole mood and atmosphere of your home while appearing in-style and modern. If you’re happy with the colour, but your walls are starting to look tired, a fresh coat can make the world of difference in making your home feel shiny and new.

Redesigning the colour scheme of your walls, while still keeping in mind your current decor, can completely transform the look and feel of your home without spending a fortune.

2. Update your outdoor space

With summer having just arrived, us Aussies love our outdoor living areas – socialising with mates, Sunday barbeques with family and even to relax by ourselves from time to time. Adding a deck to your outdoor entertaining area can exude a laid-back and modern atmosphere, facilitating any occasion. Hiring the right expert to install and design your decking will certainly increase the value of your home, and the main positive is that decking can sometimes be one of the more budget-friendly options for outdoor living areas.

Another outdoor aspect is the garden. Arranging a garden clean-up is simple, and it can do wonders to your area. Clean-ups by themselves are effective, but they can also provide a blank canvas for adding any shrubbery or trees, which are definitely expected to lift the overall impression of your home.

3. Clean your carpets

Hiring a professional to deep clean your carpets is a cheaper option than replacing your flooring all together, and it can still increase the value of your home. Most of us tend to vacuum our carpets, without much regard for the hidden dirt that has accumulated over the years that we can’t see. Experts can transform your carpet to appear brand new, which not only makes a difference in the look of your carpet, but also the smell within your home.

4. Kitchen upgrades

Rather than renovating the whole space to increase the attractiveness and value of your house, consider the smaller details that can really lift the design of your kitchen. If you’re on an extremely tight budget, think of replacing cupboard doors or handles. Or perhaps you’re willing to spend a little more on improving your kitchen area; consider replacing kitchen benchtops.

5. Change the light switches

Something so simple as changing the light switches can make a difference in the eyes of potential buyers of your home, or even just the impression of your friends if you’re not looking to sell. The installation or upgrade of light switches is one of the cheaper services that electricians provide. Standard white switches can tend to look yellow over time, usually only noticed when they are replaced. Head to a hardware store and perhaps opt for coloured or metal switch plates instead of a standard white switch to spruce up your home in a subtle way.

6. Bathroom updates

The bathroom is often the easiest room in the house to look dated. Luckily, there are a few simple tweaks you can do to give it a fresh feeling. Firstly, install some new shower screens for an instant lift. If the old one is looking ugly or cloudy from all those years of use, a new shower screen will deliver a fresh, beautiful look. You can go for one that is fully frameless or semi frameless, and you have plenty of different glass options for the screen.

Adding a new vanity is another good option for the bathroom. Putting in a new one could give you more storage, or just make for a fresher look from the older and scarred one that already sits in there. Don’t forget, you need a vanity that’s got plenty of storage and easy access, and one that has enough sink space for everyone who’s going to use it. Figure out what type of material is best for the bench top, and figure out how big it has to be before you construct anything. You can also explore adding in a heated towel rack, new towels and bathmats or a mirror de-mister.

Finally, it’s worth considering resurfacing the bathroom. This is a good, superficial makeover that does a lot of good. If you have chipped, tired or ugly tiles, resurfacing could make for an efficient answer to your problems. Contact a professional and see what they could do. With a little bit of work, your new tiles will give the whole room a fresh, charming look.

Contact local bathroom renovation experts

7. Add a skylight

Skylights bring natural light into your home, reducing the need for artificial light and energy usage. A home that has lots of daylight appeals to home to buyers because it makes the home seem warmer and brighter. It also requires much less energy to keep it attractive and liveable.

Different types of skylights

Skylights come in many different shapes and sizes, from rectangular to circular and diamond-shaped to triangular. They can use either glass or plastic glazing that is: flat, arched, domed or pyramid shaped. Tubular skylights are another option; these can even be funnelled through a building or down to different storeys of a home.

You can have a fixed or openable skylight, depending on your tastes. Fixed skylights have to stay in place and can’t be opened — they serve solely as a source of light. Openable skylights can be opened whenever you like by using either a manual turn or a motorised control to open the pane and help ventilate your home. These can increase your energy efficiency even further by creating a cooling source, which will also increase your home’s value.

Skylights do have to be well-insluated to make sure that they are not letting in extra heat — with the sun beating down directly on them all day, this can be a problem in summer months. It’s a good idea to find ones that offer insulation that surrounds the skylight and that also use glazing to stop heat from penetrating. Blinds are also a good idea so that on extra sunny or hot days you can screen off the light from the skylight.

Renovations are great for a change of scenery, update old facilities and most importantly, provide an increase in the value of your home. That value, however, can be severely diminished if you end up spending more than your finances can handle.

With that in mind we’ve put together a guide on how to spend wisely on your next home renovation without blowing the budget.

1. Estimating value

As a rule, you should not spend any more on a single room than the value of the room as a percentage of your overall house value. To do this, you will of course, first need to get an estimate of your home’s value.

For instance, if your home’s overall value is $800,000, (the median Australian house price) and you want to renovate your kitchen, which accounts for between 10-15% of your property’s value, then you should aim to spend under $120,000 – or 15% – on your renovation.

Plan and allocate your budget according to which room will ad the most value to your overall property / Source: Ryan Linnegar Photography

It’s also worth keeping in mind that some rooms scale to add more value than others. For instance, while the kitchen is often cited as the make or break room, it offers amongst the lowest return on investment, whereas a moderate bathroom makeover can almost double the money spent.

2. Look at loan options

If you’re borrowing money for your project, make sure you look at what deals are available and what types of loan will work for you. It might seem like common sense, but taking the time now to research your options and choosing one works for you will certainly save you money down the line.

If you’re unsure, speak to a professional who can provide you with the financial advice you need to make an informed decision.

3. Research quotes from contractors

Talking to a professional builder/contractor is the fastest and often the most accurate way to assess the total cost of a project. Start a conversation with a few trusted providers, and use their experience and understanding of the finer aspects of a renovation to accurately assess the cost of a project.

4. Follow the plan

While you’re in the middle of a renovation, it can be easy to get caught up in the excitement of a project and start thinking about other ways you can add value to your home. Always remember to take a step back and see how these changes would affect your budget and timeline. Reviewing the plan is the best way to avoid blowing your budget as even small additions to a project can carry unexpected costs.

5. Create a buffer

There are always unexpected costs lurking around the corner of any construction project, so provide yourself with a buffer of extra cash to take care of these items. It only needs to be 10% of the total cost of the renovation, however, that 10% can make all the difference in the event of accidents or other setbacks outside of your control. Rather than having to dip into your savings or borrow extra money if the builders need more time or if a window or fixture gets broken and needs replacing, using your emergency fund can save you money in the long run.

An emergency “buffer” fund is essential for any renovation budget / Source: Geoff Comfort Photography

6. Consider all the costs

Keep in mind, when you get an estimate from your builder, it will typically cover only the base price of construction and materials without factoring in the price of interior finishing. In order to finish your home, you’ll have to factor in additional costs for interior fixtures such as these:

Flooring
Window treatments
Lighting and fixtures
Landscaping services
Driveways and pathways
Utility connections for your electricity and for appliances such as phones, computers and television
Water, sewerage and garbage disposal costs
Ground excavation for the build
Cabinetry and appliances for kitchen and bathroom
Energy-efficient additions such as added insulation, solar panels, solar-heated water systems and tanks to collect rainwater

To help control your budget, talk to your builder and find out how many of these interior fixtures are included in the estimate. If they aren’t, ask if your builder can recommend professionals who can do these jobs for you at a reasonable price.

Contact local home renovation experts

7. Keep your expectations realistic

It’s crucial to be realistic about the things you can and can’t have in your new home. For example, if you’re on a strict budget, you probably won’t be able to splurge on granite benchtops in your kitchen or bathroom. With all the luxury accessories, fixtures and materials available, it’s easy to get carried away and fall in love with everything you see, but you can quickly end up ruining your entire construction project if you don’t keep the spending in check. From the very start, you need to look at how much you’re paying for the site, and add on the base construction price. Whatever is left in your budget can be used for interior finishing, but be sure and set a budget by parceling out an appropriate amount for each area. Don’t start shopping for these goodies until you’ve set strict monetary limits on each section of your list.

The good news is that, with auctions, online auction sites and clearance sales, you can still get luxury items well within your budget. Just use your bargaining skills to locate great deals, and keep your eye open for discontinued stock.