Considering a house extension? It’s more than just extra space - it’s a strategic investment in your home’s value. Whether it’s a single or double storey, extensions evevate functionality and appeal, potentially boosting resale value.
Investing in an extension isn’t just about space, it’s also about enhancing your property value. With each extension offering unique benefits, it’s a smart move for homeowners seeking to elevate their living experience and ensure long-term value for their investment.
House Extension Value Increase
Our Home Extension Cost Calculator that calculates per square metre (m2) is an invaluable tool for homeowners planning to expand their living space. This calculator simplifies the budgeting process by providing an estimated cost based on the size of the proposed extension.
House Extension Value Calculator
How Much Value Does An Extension Add?
Adding a house extensions can be a smart investment for UK homeowners looking to increase the value of their property. While the exact value added by an extension varies depending on factors such as location, size and quality of the extensions, there are several ways in which it can positively impact a property’s worth.
First and foremost, a well-designed and executed house extension can significantly increase the overall living space of a property. This is particaulrly valuable in areas where space is at a premium, such as urban centres or popular commuter towns. By adding extra bedrooms, living areas or a larger kitchen, an extension can make a property more attractive to potential buyers, leading to an increase in its market value.
Impact of Quality on the Value of a House Extension
The quality of an extension also plays a significant toles in determining its value-adding potential. A well-built extensions that seamlessly integrates with the existing property and uses high-quality materials and finishes is likely to command a high price premium than a cheaper, poorly constructed alternative. Investing in professional design and construction services can help ensure the overall aesthetic and functionality of the property, maximizing its value.
Impact of Location on the Value of a House Extension
Location is another key factor to consider when assessing the potential value added by a house extensions. In sough-after areas with high demand for housing, such as London and the Southeast, the addition of extra living space can lead to a substantial increase in property value.
Conversely, in areas where demand is lower or property prices are more modest, the value added by an extension may be less significant.
Impact of Property Market on the Value of a House Extension
It’s also important to consider the local property market when planning a house extension. Researching recent sales prices for similar properties in the area can provide valuable insights into the potential return on investment. In some cases, adding a house extension may enable a homeowner to achieve a higher sale price than they would have otherwise, making it a financially rewarding decision in the long run.
In addition to increasing the market value of a property, a well-executed house extension can also enhance its rental potential. With demand for rental accommodation remaining strong across much of the UK, particularly in urban areas, an extended property with additional bedrooms or living space can command higher rental yields, providing a steady stream of income for landlords.
In conclusion, adding a house extension can be an effective way for UK homeowners to increase the value of their property. By creating extra living space, improving functionality and investing in quality design and construction, homeowners can maximize the potential return on their investment. With careful planning and consideration of local market conditions, a house extension can be a valuable addition to any property portfolio.
How To Add The Most Value To Your Extension
According to Nationwide, home improvements that add floor area, such as an extension or loft conversion, can add up to 25% to a property’s value, extending to accommodate an extra bedroom can add nearly 15% to the value of the house and an extra bathroom adds 6% to value of the average home.
How Much Value Is A House Extension Likely to Add?
Nationwide also estimated that, on average, extending a standard three-bedroom home with an extra bedroom and bathroom could increase the value of the property by an impressive 23%, whereas The Times suggests a more conservative overall boost of between 5-10% when extending your property.
Top House Improvements that Add Value to your Home
Zopa found that whilst the kitchen was the most popular home improvement, a loft conversion would give homeowners the best value for their money with a 70% return on investment. An extension, meanwhile, would yield the most profit.
Decorating the home provided a healthy 62% return on investment and an additional 8% to the value of the property. In contrast, a garden makeover only offered homeowners a 14% return on investment and a £1,900 profit.
How Much Does An Extension Cost?
the total cost of a house extension will depend on a number of factors including the size, style and design of the extensions itself, the location of your property and the quality of the fixtures and finishes.
As a guide, Check-A-Trade says you can expect to pay the following costs for a house extension in the UK:
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