Homes are becoming a more significant investment nowadays. Their prices have increased throughout the years, and home sellers generally want to take advantage of that. One way to fully take advantage of this rise in home prices is to make your home even more expensive.
There are many ways to increase the value of your home. One popular method is to build extensions. Extensions add extra living space and make your home more attractive to buyers. They can also be a good investment, as they may increase the value of your home by more than the cost of building them. One study found that extensions can increase the value of a home by up to 20%.
There are many different types of extensions that you can build, and each has its benefits. Here are five different ways to increase your home value through extensions.
Build a Room in Your Garden
Building an extra room in your garden is a great way to increase the value of your home. It can be used as a guest room, office, or playroom, and it will add extra living space to your home. The best part about building garden rooms is that they don’t require permits, as long as they’re not too big. They are also reasonably cheap to build. They’re also great for plants as well!
The materials can dictate the overall price of the room. For example, consider using glass or steel if you want something luxurious. On the other hand, PVC or wood would be your best option if you’re on a budget.
Building a Conservatory
Another way to add extra living space to your home is by building a conservatory. Conservatories are great for adding value to your home as you can use them for multiple purposes, such as an extra dining room, lounge, or playroom. They also let in lots of natural light and can be a great place to relax.
The cost of building a conservatory is around $30,000. The type of conservatory you build will dictate the overall cost. For example, if you want a bespoke conservatory, it will cost more than a standard one.
If you want to add a conservatory to your home, it’s important to get planning permission first. It’s because they can be pretty big and may need to be built onto the side of your house.
Sunrooms are a great way to add extra living space to your home and a good investment. Sunrooms are also a great place to relax as they let in lots of natural light. There are many other uses for a sunroom, such as a home office, playroom, or dining room.
Having a sunroom is all about letting natural light in. Unfortunately, this means you’ll have to invest in glass and skylights. Overall, it can be an expensive investment, but it can drastically increase your home’s price. Moreover, having a sunroom can make your home more energy-efficient.
A loft conversion is a great way to add extra living space to your home without extending the footprint. Loft conversions can be used for multiple purposes, such as a spare bedroom, office, or playroom. They are also relatively easy to do and don’t require planning permission.
The average cost of loft conversion is between $20,000 and $30,000. The type of loft conversion you have will dictate the overall cost. For example, if you want a bespoke loft conversion, it will cost more than a standard one.
Other forms of conversion include dormer and Velux. Dormer loft conversions are more expensive as they require planning permission and are typically bigger. However, these conversions are great if you want to add an extra bedroom or bathroom.
Velux loft conversions are the cheapest and easiest to do. They don’t require planning permission and can be done in weeks. Velux loft conversions are great for adding an extra room, office, or playroom.
Extending Your Kitchen
If you’re looking to add value to your home, one way to do it is by extending your kitchen. An extended kitchen is a great selling point as it adds extra living space and can make your home more attractive to buyers. It’s also a good investment, as the average cost of an extension is between $5,000 and $20,000.
One way to extend your kitchen is by adding an island. It’s a great way to add extra storage, worktop space, and seating. Islands can also be used as a breakfast bar or dining table. If you’re on a budget, you can make your island out of a kitchen trolley or cabinet.
Another way to extend your kitchen is by having a small garden beside it. You can grow all sorts of produce there and grab them when you need to cook.
These extensions are a great way to create extra living space and add value to your home. However, it’s important to note that the type of extension you choose will dictate the overall cost. So always ensure that you’ve saved enough before building one. Eventually, you can get your money back once you’ve sold your home.