What are the best additions for adding value to your home?

What are the best additions for adding value to your home?

There’s currently a real emphasis on “improve, don’t move”. This phrase encourages people to renovate, extend, and otherwise make the best of their property before committing to purchasing a new home. With growing families and the ever-constant need for more space in life, a lot of people are facing the decision whether to improve or move.

The right type of addition will depend on your home’s layout and your individual needs, as not every type of extension will work for each property. It’s also important to remember that many extensions will require planning permission, so it’s important to check with your local council before beginning any work.

Here are a few extension projects that can not only maximise your living space, but also improve the value of your home, putting you in a much stronger position when you do decide to make the big move.  

Bathroom

An additional bathroom is a popular choice for growing families, and can add about 5% to the value of your home. The easiest and most cost-efficient way to add an extra bathroom to your property is by converting an existing structure. For example, you could convert a large closet or cut into a spacious bedroom that can sacrifice the space and lend to a bathroom. Be wary of losing too much space from a bedroom when adding a bathroom, though, as this could negatively affect the value of your home.

Adding an extension to your property in order to create a bathroom will be much more costly, but allows the opportunity to start from scratch and not make compromises based on the limitations of reworking an existing space.


Off-road parking

Off-road parking is another highly sought-after feature in a home, especially in urban and suburban areas, making it a key element for appealing to future buyers. And in the meantime, it can make your life a whole lot easier while you continue to live in the property.

By removing your front garden (or a portion of it) and replacing it with concrete or brick pavers, you can create an easily accessible drive. And remember, the more parking spaces you can add, the better, as each space can add as much as 5% to the value of your property.

Convert or add a garage

Almost 90% of garages in the UK are not used to store a car, which is a bit baffling when you consider the shortage of parking. That being said, the typical garage in the UK is only 2.4 x 4.9 m, which is hardly large enough to house a car.

If your home already includes a small garage, converting it into living space will maximise your home’s square footage and boost its value immediately. Garage conversions are the perfect way to add a large kitchen or master bedroom and ensuite, all while adding up to 10% to the value of your property.  

However, in the right form, a garage can actually add significant value to your property. If your property allows the space, a detached garage with living quarters or office space can be a very desirable feature for future buyers.

Loft conversion

The loft conversion is an extremely practical way to add value to your property, if the structure of your home allows for it. A converted loft is the perfect space for adding an additional bedroom, master bedroom and ensuite, study, and some coveted storage space.  

With the potential to add as much as 20% to your property value, and the functionality of creating usable space out of the existing structure, a loft conversion is one of the best options for improving your home.

Join our mailing list:

Leave a comment



Latest Comments

Scott Garnet
Scott Garnet 06 Nov 2017

If you have a patio or a porch it is important to make sure that any connecting doors are secured. Good advice for sliding glass doors is replacing the panels with storm resistant glass and getting heavier...

view article
richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

view article
Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

view article
maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

view article
maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

view article
zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

view article
Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

view article
Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

view article
RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

view article
sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

view article
Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

view article
Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

view article

Related stories

More articles from Household