If you’ve recently bought a new property, either to move into yourself or to rent out, chances are that you’d like to save as much cash as possible carrying out any necessary renovation work.
One expert has recently revealed how you can transform the appearance of a home for less than £5,000, so if you need to carry out some home improvements you might want to take heed of Michael Holmes’ advice.
As the spokesperson for the National Homebuilding & Renovating Show in the UK, he knows a thing or two about property development.
Speaking to Property Investor Today, he advised beginning by stripping out old carpets and getting rid of “as much junk and rubbish as possible”.
Repainting, after you’ve stripped wallpaper and made sure the walls have a smooth finish, will make a big difference on its own, but that’s not where his advice ends. Rather than laying new carpet, he recommends staining and painting the original floorboards if they’re in good enough condition, or if not laying wooden laminate flooring.
In the kitchen, you can save a considerable amount by retaining the existing kitchen cupboard carcasses. You may want to carry out kitchen sink repairs if you don’t plan to replace it to save extra cash. Even just updating the worktops and splashback, and giving everything a fresh coat of paint, will make a big difference, Mr Holmes asserted.
You might not even have bought a new property to want to do some of these jobs. Last month, research from Lloyds Bank revealed that a growing number of Brits are improving rather than moving because this is more affordable than purchasing a new property.