It's estimated that we spent over £40 million on home renovation projects in 2022. There are many reasons for this - whether you simply fancied a change, or were looking to increase the value of your home before putting it on the market. Many studies have found that the work isn’t over yet, though, as we're set to spend even more money on home renovation projects in the new year.
However, the rising cost of living in the UK (and beyond) is likely putting a strain on your budget, meaning you’ll have to be a little more selective about which projects you’ll undertake.
With that in mind, here are five renovation projects that are well worth the investment.
Kitchen renovations. Kitchen renovations, such as those carried out by Bespoke kitchens can truly transform your home. This is because they make the space more functional, whether you’re cooking for yourself or your growing family. If you’re considering moving in the next few years, a quality kitchen can add considerable value to your home (meaning more money in your pocket).
Bathroom renovations. Bathroom renovations can also be instrumental when it comes to making your home a nicer, more functional space. Not only could these projects help you to make the most of your small bathroom, but replacing old, or worn-down fixtures such as taps and showerheads can reduce water usage and lower your bills. As a result, this renovation is always worth the money!
Adding a fresh coat of paint. The most cost-effective renovation ventures are those that you can carry out yourself, as you don’t have to cover the cost of both labor and materials. For example, adding a fresh coat of paint to any wall within your home can drastically change how the space looks or feels, without hitting your budget too hard. Remember decor is all about the subtle, finishing touches, and you don’t have to paint every wall in order to transform a room. In fact, creating a feature wall may be your best port of call in this instance.
Installing a solar panel. Whether you are raising your own little eco-warrior or simply trying to be more eco-friendly within the home, there are many benefits associated with installing a solar panel in your home. This can make the entire property more energy-efficient, which means you’ll soon make back the money you spend on installation as your bills will be much lower. For example, a recent study found that solar panels save the “average homeowner £330 on electricity bills every year.”
Replacing your windows. Experts suggest that the average lifespan of a window within a residential property is anywhere between 15-30 years. As a result, if you live in an older property, now may be the perfect time to replace them. Again, there are many benefits associated with this procedure. New windows can make your home more energy-efficient, by stopping heat from escaping. They can also make your home appear brighter and more spacious, by allowing more natural light into the space.
