Does building an extension add value?

Does Building An Extension Add Value?

Extensions have become a popular and excellent way to increase your living space. It’s a great alternative to moving into a new home, eliminating the need to go through a rigorous and expensive process of moving and finding a new home. While a typical extension project might require a hefty financial commitment, does building an extension add value to your home?

Is an extension necessary?

Understandably, you may want more space in your home. While extensions are a great way to increase the square footage of your home, you must take your time to consider does building an extension add value and is it necessary?

One of the most important factors to consider when considering building an extension to your home is the building costs. You would have to compare how much you plan on spending on this project to the price of your home’s resale value. You must also consider your extension’s quality. That means ensuring that the work is done to the highest standards and using quality materials that will help in increasing its value.

It is advisable to seek expert advice from contractors and research various quotes to see if an extension is worth undertaking.

The best extensions for your home

Once you’ve answered YES to the question does building an extension add value, it’s time to consider what type of extension would be appropriate. Your choice will depend on several factors, including your property type and finances. Here are some popular choices over the past couple of years:

  • Single or Double-Storey Extension: Great for adding more living spaces, including kitchens, bedrooms, and bathrooms.
  • Conservatory: These are excellent additions, given how unpredictable the weather can be. This is the perfect opportunity to enjoy year-round gardening.
  • Garage Conversions: Most homes have garages that cannot comfortably fit modern vehicles. Because of that, they have dumping grounds for items that are not needed. If you have smaller spaces, it might be a great idea to convert your garage into an extra bedroom and set aside a small space for storing other items.

How much value does a house extension add to your property?

If you’ve considered all these factors and have decided to go ahead with your extension project, it’s time to think about what you can get out of it. A house extension can increase your home’s value by as much as 15%, depending on what you build. So yes, building an extension can be worthwhile.

Again, how profitable your home would be depends on several factors, including the cost of the extension project, the time you plan on reselling your home (immediately or in the future), the type of design, and the quality of materials you use.

Choose us for your home extensions

If you are considering investing in a new extension to add value to your home, choose RPM Building Services. Our team of builders in Gloucestershire will be ready to assist you, from consultation to building. For more information, please contact us today via telephone: 01452 910066 or email: info@rpmbuildingservices.co.uk.

Other blog posts from RPM Building Services Ltd
https://www.rpmbuildingservices.co.uk/things-to-consider-when-looking-for-a-builder/
https://www.rpmbuildingservices.co.uk/benefits-of-different-types-of-roofing/