If you are planning some value addition to your property, a sure-shot way is house extension. You improve on effective habitable space, add aesthetic charm and also attract more buyer attention due to the enhanced street appeal. There are, however, pitfalls to be avoided so that your efforts do not result in a decrease of your property value.
How extending your house adds value to your property?
You stand to completely change the look and feel of your home by extending it – but the results may be positive or negative. So, you need to be sure that you are carrying out those steps that add value and bypassing those blunders that would cause its value to slide.
- Street appeal of the house should improve
Though you may be dwelling in a neighbourhood that has expensive houses, your house may not exactly be the star of the show. You can improve its standard, however, by augmenting an appealing façade. The investments involved in such home extensions are not very huge when compared to the significant gains it attracts. Check this website to find out more details.
- Functional space is increased
The value of a home goes up with the number of bedrooms inside the property. Bedrooms have the advantage that they save you plumbing effort. Thus, adding bedrooms is a fast and hassle-free way to increase property value. You should conduct a survey of house prices in the neighborhood and find out whether the prices of houses are more than yours when they have even one extra bedroom.
Another novel way of adding value without undertaking a complete house extension is the renovation of existing operational spaces, such as the kitchen and bathrooms, by experienced builders Newmarket of home renovations.
- Adding aesthetic appeal
You can think of enlarging an area to allow more natural light and this may also improve the view from this room. A cost-efficient way of adding aesthetic appeal internally and externally is to add dormer windows on a pitched roof. This also increases space and natural light. Other moderate extensions to houses can involve the creation of a better passage from an indoor area, such as the kitchen or living space, to an outdoor area for entertainment.
- Adding lifestyle appeal
It is not necessary that you build an entire new wing when you set out to extend your house. You may do something quite simple, for instance, attach an ensuite to your master bedroom, build a lighted walk-in wardrobe, or remove an awkward wall. Relaxed open plan dwelling arrangements are a craze among modern home buyers. Thus, if refurbishments or extensions allow you to achieve this, it will immediately lead to a value addition to your property.
Even minor, cosmetic home refurbishments, like updating the fixtures, fittings for lights and décor can add considerable value to your home.