useful things to know

How much value could an extension at to your property?

House extensions are an extremely popular way to add living space to the home you love – from expanding your kitchen with a single-storey extension or building a full two-storey extension. The important question to ask when carrying out any major home improvement project is – how much does an extension add to the value of a house? You might not be building the extension to sell your house immediately – and often quite the opposite is true. Most homeowners extend their properties in order not to sell. And a house extension will almost always add value to your home. That said, it’s important to understand how much value a possible extension would add to your house so that you know what a sensible budget will be for the project. How much value does an extension add? The amount of value that an extension will add to a property’s value will vary considerably, depending on the size, style and complexity of the extension, not to mention the location of the property. In the UK, an average 3-bedroom house with an extension that creates a double bedroom with an en-suite bathroom can add up to 10-12% to the value of the property. It’s important to do your homework to understand how the design of your extension will impact the value it adds to your home. Adding double bedrooms and bathrooms tend to add the most value. In order to get an accurate evaluation of how much value your extension could add, speak to local property experts and architects for their professional advice. You’ll want to find out the current market value of your home, as well as its potential value once the changes have been made – based on your plans.

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