Will an Extension Add Value to Your Home?
Something we know that every homeowner does is sit back and dream of what they can add or transform about their house. However, when it comes to adding value to your property, the aim is to think strategically about what people will want to invest their money into if the time comes for you to sell. If you’re interested in adding an extension to your home, and you’re wondering will an extension add value, the answer is yes!
There is an abundance of reasons as to why extensions add value, but simply put, it’s because more is better. It’s no secret that we all enjoy added space, but one of the major bonuses that come with house extensions is how cost-effective they are in comparison to selling up and buying new. If you keep asking yourself “do extensions add value?”, look no further.
This blog from our home renovations North Brisbane team dedicated to explaining exactly why adding an extension to your home will increase its value. Here is our best extension add value to house tips to get you started!
Do Extensions Add Value?
A house with extra bedrooms, a home office or study, a second living area or a formal dining room will always appeal to those who are looking to buy. Not to mention, the amount of design freedom that comes with added space.
Common Extensions That Add Value
Bedrooms & Home Offices
If you’re wondering will an extension add value if it’s a bedroom, majority of the time the answer will be yes. Bedrooms are great because they can be transformed into any sort of space. Now more than ever, people are working and attending school from home. Having that added zone to transform into a home office or study room is going to appeal to a wider range of buyers.
Indoor & Outdoor Living
Another great investment and cost-effective extension to consider is an indoor / outdoor living zone. Thanks to the beautiful weather we have in Australia, having an entertaining space that can bring the outdoors in, or take the indoors out, is convenient and appealing. Whether it’s a living space with bifold doors that opens up to the backyard, or a covered alfresco with outdoor dining, these extensions are more common and convenient for buyers.
Garage/ Workshop
Adding a cover over your driveway as an extension for your garage is a great selling point. Often times people avoid parking their cars under the elements and prefer to have them covered or stored in a garage
Don’t Be Afraid to Get Advice
One of the best things you can do before engaging in a home extension is getting as much advice and information as possible. By contacting a local real estate agent, you can have a look at the homes in your area with similar extensions and what they are selling for on the market. This is a great way to gauge how much will an extension add value, and what buyers are looking to invest their money into in your local area.
Hire a Reputable Builder
Choosing the right builder for the project is a critical part to the overall success, and there are a few things to take into consideration when looking for the right person to do the job. Before signing any contracts, make sure you’ve seen previous work from a builder along with client testimonials to gage what sort of builder you are going to potentially be dealing with. It also doesn’t hurt to consider industry reputation, which gives you a better idea of how your builder operates on a day-to-day basis.
Ready for an Extension?
If you’re interested in a home extension, the Renovare house extensions Chermside team is here to help! Get in touch with our builder Cameron on 1300 049 516 to discuss future projects for your home today! Need more great extension add value to house tips? Fill out our online form and we’ll get in touch.