Although the real estate market has perked up considerably since last year, much to the relief of real estate agents and anyone contemplating moving homes, for some people, it still pays to be cautious.

But that doesn’t mean you have to give up all hope of change. There’s nothing like a design rethink, even a mini makeover, to lift your spirits and brighten up your home.

If space is at a premium, you need to make the most of what you have. The three most common ways to enlarge your home are UP to the attic, OUT to an extension, or DOWN to the basement.

Modern construction techniques and new materials give you more optionswhether the conversion serves as a bedroom, bathroom, home office, or playroom for the kids.

Planning permission is not always required for loft conversions and they can add real value. And even if your roof space isn’t big enough, you can still convert it with a dormer window.

Whether you have designs for an extra bedroom or a larger kitchen, the most common type of home improvement is a back or side extension. And it will also provide the greatest added value.

If there is space, and the financing available to do so, expanding the total space of your home is often the easiest way to go.

Getting planning approval for an extension is fairly straightforward, as long as your plans are in accordance with the style of your property and your neighbors don’t object. But always check with your local authority first.

Coming down…there has been a surge in popularity of basement and basement conversion in recent years. A stylish basement adds a real ‘wow’ factor to any home and can also significantly increase the value.

In Victorian or semi-detached properties that already have basement space it makes a lot of sense, but it is usually the most expensive option and there could be a risk of flooding. Therefore, you will need serious professional help to solve structural problems, avoid dampness and solve party wall problems.

If you don’t have the extra space to add an extension or make a conversion, you may want to consider changing the layout of your home to create an open-plan living space; invest in a sparkling new kitchen, introduce some atmospheric new lighting, or simply spruce up that worn old furniture.

Overall, no matter what you decide to do to improve your home, the upside is that you’ll not only be able to enjoy a revitalized living space, but you’ll likely get a payback if you sell later.