How an Extension will Increase the Value of your Home
Posted on 28th February 2019 at 11:43
Yes, it’s true, extending your home can increase its value. But that’s not the only benefit that a house extension can provide. For example, it can also add extra storage space, accommodation for both family and guests, and a bigger kitchen or living space. Before deciding on alterations to your home, we recommend that you seek out advice from our expert team to find out exactly how to expand your home without compromising its value. After years of putting time, money, and love into your home, who wants to risk reducing its value?
Things to Consider When Planning an Extension
If you’re investing in an extension with increasing your property value in mind, you’ll want to make sure you can reduce wasted expenses as much as possible. This means you should think about the energy efficiency of your extension. Heating lost through various points such as flooring, windows, and doors is just wasted money - but luckily a few small considerations can avoid this. These extras in your home don’t just reduce energy bills, but they will also make it more appealing to prospective buyers - making it quicker to sell and increasing the value.
When you’re planning your extension, make sure you opt for quality uPVC or aluminium doors and double or triple-glazed windows. Not only will this improve the appearance of your house, but it will also greatly increase the energy efficiency and the market value of the property.
A lack of storage space can put potential buyers off property, so when you plan your extension, consider incorporating clever storage solutions that will increase the appeal of your home, and save valuable space. With an extension, you can create a bespoke design that suits the layout of the house and your family’s unique requirements.
It’s important to get an extension cost estimate from one of our professionals before carrying out your home extensions. Our team are highly trained and able to complete a home visit, we tailor our designs to your lifestyle and requirements. This prevents the chances of unexpected expenses occurring when building.
Planning Permission and Building Regulations
Some homes have building restrictions, due to being surrounded by old buildings or for a variety of other reasons. Depending on several factors including the size of your planned extension, planning permission may be required from the local council, our knowledgeable sales team are able to advise you whether planning permission would be required and if so we can support you with this. This is where careful planning by our team of experts during the design stage can save you crucial time and money.
Does a Conservatory add Value to Your Home?
Whilst providing a lovely light-filled space to relax in, a conservatory can, on average, increase the value of your home by 5% (depending on the size). That may not seem like a lot, but once you’ve done the maths is actually quite a big increase, and can make you a nice profit if you ever sell.
The extra space provided by a house extension can dramatically increase the market value of your home, as well as giving you lots more room to enjoy before you decide to sell. At Park Lane, our team of experts can help make the extension process much easier. By providing a full design and build service, as well as high-quality windows and doors, we can add a quality extension that will make you a great return on investment. To find out more about how we can help, feel free to get in touch.
Tagged as: Home Extensions
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