Are you looking to increase the value of your home? If you plan to sell your house in the future or just want to upgrade your living space, here are some building projects that can significantly increase your property’s value:
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1. Adding a Room or Extension
Want more room without the stress of moving house? An extension is perfect for you! While adding extra functionality to your home, extensions are a great way of increasing your property’s value. With options ranging from small rooms to large-scale extensions, you have full customisation over your project.
How Much do Extensions Cost?
Recent studies have shown that the price of extensions typically follows these figures:
“Small extension (20m2) – £25,000 – £50,000
Medium extension (30m2) – £37,500 – £67,500
Large extension (50m2) – £62,500 – £112,500
Premium extension (30m2) – £52,500 – £100,000” (Checkatrade)
How much value do extensions add to your home?
According to Checkatrade the average double-storey extension results in a 12% increase in house value, with single-storey extensions resulting in between a 5% and 8% increase in property value. Using these figures, a small-medium one-storey extension to a £400,000 property could increase the property value to £432,000 while improving your living space.
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2. Bathroom Renovations
If you’re looking for a relatively small project in order to increase your property value, you should consider a bathroom renovation!
How Much do Bathroom Renovations Cost?
If you’re upgrading an existing bathroom, ‘a new bathroom can cost between £2500 – £6000’ (resi).
How Much Value Does a Bathroom Renovation Add to Your Home?
Depending on the design and size of the bathroom, a renovation may add between 4-5% value to your home (The Property Centre). This means that a renovation costing £4250 could increase the value of a £400,000 house to £418,000!
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3. Adding a Garden Room
Increase your home’s living space, functionality, and value with an outdoor living space. Alexander Builders offer bespoke garden rooms from small to large, in order to best suit your needs.
How Much Does a Garden Room Cost to Build?
The price of a garden room can drastically vary depending on size, however on average the price ranges between £15,000 and £50,000.
How Much Value Does a Garden Room Add to Your Home?
The average garden room adds between £30,000 to £70,000 to the value of a house. This means that, if planned correctly, a garden room can be a great investment for your property! Get your free garden room quote today: FREE QUOTE
Summary
By strategically planning building projects for your home, you can increase the functionality, and value. To discover what’s best for your home, get in touch with us today: CONTACT US