Add an additional bathroom – If you have purchased a house and will be settled in for say the next 5 years, it’s worth adding a 2nd bathroom to a 1 bathroom home, or a 3rd bedroom to a 2 bedroom house. These are bigger and more costly projects but they will make life easier with no queues in the morning and no sibling squabbles over space, as well as add value that can be recouped in the medium term.

Convert outbuildings – If you have spare staff quarters or a garage that can be converted into a bachelor flat with its own bathroom and kitchen facilities, do it! You can rent the flat out for additional income or to assist with your bond payments. The flat could also be used to accommodate guests or even a home office, as many people are working from home these days and it will definitely add value for future buyers. That said, do not sacrifice your only garage for such conversion as garages definitely add value and are preferred by buyers.