Building an extension is a big step for any homeowner, as it is a significant initial investment and a big commitment to convert your house. One of the many reasons you may be considering an extension is the fact that it will add value to your property and, should you decide to sell up further down the line, you may recoup a more significant figure for your home than you would in its current condition. There are a few key things you will want to consider that will help you decide whether or not the extension cost will be worthwhile…
Types of extension
Single storey extension
This could be a beneficial option for you as planning permission is not required on extensions of up to six metres on terraced or semi-detached houses, or eight metres on detached houses. This makes it a much more straightforward process. Extending kitchens into a kitchen diner or adding a conservatory can add a significant amount of living space to your property.
Multi-storey extension
This will be the most difficult type of house extension to organise, as planning permission will be required and the cost of the build will be larger than other alternatives. However, a multi-storey extension also provides the best opportunity to add value. These extensions create significantly more living space, as well as potentially adding extra bedrooms and bathrooms, all contributing to a large increase in the value of your property.
Loft conversion
Building regulations approval will be needed when converting your loft into living space, but the value this type of extension can add to your home is notable. You can use this space to add an extra bedroom or upstairs office, which will make a noticeable difference when it comes to putting your property on the market, giving a real boost to value. Loft conversions are an excellent way to enhance your home’s kerb appeal.
Cellar/Basement conversion
The cost and practicality of this type of extension will depend on the current setup of your home. If you do not already have a basement, the costs of digging and creating this space will be significant. You will need to weigh up whether or not the added value this new space will create will outweigh the labour and total cost of the conversion process.
Other factors to consider
The overall value of extending your property will depend on many factors. So, when making your final decision you may want to ask your local estate agents how much space is worth per square foot in your area, to help you decide how to maximise value. It will also depend on the quality of construction, the location of the property within the local authority, and the type of room the extension is used for. You will also want to be aware of property prices as the added value an extension creates can depend on the state of the housing market at the time.
If you are looking for a trusted building contractor to manage the construction process of your extension, look no further than Intercraft. Our extension building services can deliver all the home improvements you have been dreaming of, giving you that extra space to accommodate your family and add significant value to your home. Our meticulous approach involves focusing on every small detail so that the project is completed to the highest possible standard. If you are planning an extension, discuss it with a member of our team to see how we can help. Give us a call on 01342 618 618 or email info@inter-craft.co.uk to begin working with us today.
