When renovating the house it is only natural to look for ways to increase space as well as improve the value of our home. Today we are going to discuss whether or not a kitchen extension will add value to your home.
How much value does an extension add?
Adding any amount of space to your home will add a small amount of value. People will always pay for square footage, and if you can create a home that is bugger for your family, this will attract people when you come to sell. Whether you decide to add a kitchen or dining room through a single-storey extension, or you decide on a double extension for extra living space and bedrooms, extensions can be a powerful way to bring value to your home.
While you cannot put an exact figure on how much value your extension brings to the home, it is worth exploring this option for your family home as you can gain a lot of living space from the project. Single-storey extensions don’t usually require planning permission so adding extra kitchen space to your home is a great idea and not too difficult to achieve. The value an extension can bring to the home varies a lot because extensions themselves can vary widely. We can however use statistics to give a projected indiciation of the value increase you can expect after renovating.
It has been found that double storey extensions done to a three-bedroom home creating a new bedroom and en-suite bathroom will increase the value of your home by up to 23%. An extra bathroom alone can add 6%, and a double bedroom can add 12% to the value of your home.
Before renovating your home it is important to remember that although statistics can help us get an idea of value, they are only based on averages so the actual value will change on a case by case basis. If you want an accurate valuation og your home, contact a professional and ask them to walk around the home and tell you the potential increase in value should you decide to extend.
How do I add value to my extension?
When planning your extension project and thinking about adding value it is important for you to consider current tastes and trends. People will pay for what they want to see, meaning that current design trends can help you when creating the perfect extension. It is important when installing an extension to match the architecture of the rest of the house so that it doesn’t look tacked on. However, its also important to always think of the future and make sure that it will appeal to a future buyer.
The best way to ensure you get the most value out of your extension is to hire an architect or a designer to help you create it. Professionals will ensure that the design of your extension doesn’t look out of place and that it blends effortlessly with the rest of your home. They will use your budget in a smart way to ensure you get the most out of your extension. They will also ensure it appeals to the mass market as well as sticks to the law.