In this blog, we’re looking at the different kinds of home extensions available to you and the value they add to your property.
An extension is an all-encompassing term used to describe any kind of expansion made to your home which can range from simply adding a few more square feet of room to a living area, to a double-story multi-room addition. Extensions can range in price, between £10,000 to about £40,000, so it’s important to know what value they’ll be adding to your home before you consider making such an investment.
The value added to your property depends on the size and quality of the extension that you have had added. Estate agents will calculate value through the number of bedrooms and bathrooms and will also consider floor area. For example, outside of London, property is most likely to cost around £900-£2000 per square metre and property inside of London would typically be priced at £5,000-£10,000 per square metre. Therefore, in the right location, a good quality extension costing £20,000 could add more than £50,000 of value to your property.
If you have a loft that you just don’t use, converting it into a useable room could be the way for you to add some value to your property. A loft conversion can add a lot of extra living space to a previously unused space, and is often able to be completed in a short period of time, making it a simple conversion to make.
These conversions typically cost around £15-000 to £50,000, according the specifications of your conversion, such as structural conditions of your loft, what you want done and the access to the space. You are also unlikely to need planning permission for a loft conversion, unlike an extension, unless you’re changing the roofline of your home.
Loft conversions, while effective for the family in residence, don’t often add as much value to a home as an extension due to the loss of storage space. However, when location is key in a property sale, homes in London can often benefit substantially from having a loft extension due to having an extra room. This extra value is often around the thousands.
What could be better than sitting out in a bright, airy room in the summer sunshine? Both homeowners and potential buyers are likely to see the advantage of a conservatory since it adds more space to a home in a quick and easy way. Additionally, these spaces don’t need planning permission either.
Depending on the shape and size of your conservatory, the prices for the construction will differ. At the lowest end of the scale, a standard conservatory is just under £9,000 but, if you’re looking for something more luxurious, they can cost as much as £100,000.
With these high prices, it’s important to know that the conservatory will add value to your home when you come to sell, instead of possibly negatively impacting your home. The key things to note are whether houses in the area you live also have conservatories – if they do, check whether the conservatories are adding any values to their home – and also stay aware that a conservatory is often not considered a full room when it comes to valuation.
The conservatory will be valued in the same way as an extension, using price per square metre, but they will often come in with lower estimates due to the above details. It’s also good to make sure your conservatory fits with the style of your home otherwise it could actually reduce the value.
If you’re looking for a valuation for your home, or would like some more information about how an extension could impact the value of your home, don’t hesitate to contact us at ShineRocks and we’ll be happy to help.
Learn more about the areas we cover by reading these helpful location guides.
Dear Paul and the ShineRocks team, Thank you! We are delighted that we successfully completed on the sale of The Garth, 12 Welcomes Road on Friday, and we wanted to take this opportunity to thank you, Claire and the team for all your excellent work on our behalf. We really appreciated your proactivity, frankness, responsiveness and good...
Mr & Mrs F
Very professional, responsive and delivered on promises to the tee
Worked hard to find possible buyers. Very professional and friendly staff. Drove the completion by liaising with all parties when things threatened to go pear-shaped. Very satisfied customer
Having tried a couple estate agents to sell our house, with no result, we tried ShineRocks. Paul Shinerock was realistic in his valuation, which others had not been and we had a number of viewings. A Christmas present was accepting a very good offer. Unfortunately, the buyer dragged his heels and then at the point of exchange decided to...
A great service offered by both Paul and Claire. Sometimes the best thing an agent can do is to convince you to accept an offer and to encourage you to pay more to get the house of your dreams. Had Paul not convinced me to accept the offer on mine I would not have moved. Claire moved heaven and earth to enable me to purchase a property through...
Mr & Mrs W
Very helpful, pleasure to work with, and they offer a great service
My house purchase was very complicated, ShineRocks handled it very professionally
Claire was our estate agent and she was incredibly professional, always available and kept us completely up to date. A pleasure to buy and sell with
Exceptionally professional and helpful and very knowledgeable. Would highly recommend ShineRocks
Excellent service over a period of several months. Always at hand to offer advice and their expertise. Highly Recommend Shinerocks and thank you for all your help
I was very pleased with the service - professional yet caring
Very professional and excellent service in a complicated situation which resulted in a positive result. We have purchased 2 homes from Paul in the last 14 years. Claire is remarkable and kept us fully up to speed
Very friendly. After a slow start we got on very well and achieved our objective. Particular thanks to Claire
Hi Caire, Can you say a massive 'thank you' to Paul for coming to see me. He really gave me some things to think about that had just not crossed my mind. Swapping the bathroom and middle bedroom and adding a bathroom to the main bed room made so much sense, I've got Alan coming over on Saturday to cost it up! I'll definitely...
We have recently purchased a property through shinerocks and can honestly say the service we received from Claire was exceptional. She kept us updated regularly and liaised tirelessly between solicitors, vendors and the other agents in what became a difficult and frustrating chain. She was both professional and personable, and we always felt...
M & C
Claire, You're an absolute star! Thank you so much.
Mr and Mrs W
I would just like to take this opportunity to thank you for your assistance and facilitation of the purchase of our property, and I would relish the opportunity to work with you again in future endeavours.
Just want to say a big thank you for all your help and support. I know you were not our estate agent but we really felt supported and coached through the whole process and I can't thank you enough.
M, J &A
Paul, Claire and all the team at ShineRocks have always acted with the utmost professionalism and in my experience have been the best estate agency I have ever encountered.
Dear Claire, Thank you so much for making our dream home come true. Invitation to the house warming is guaranteed! Much Love
R & N
Hi the ShineRocks Team Would like to say thank you for a great service in completing on our house. We are totally blessed, we feel so lucky. Your team with friendly voices were very proactive in updating us. Paul you have a good team around and to say the least, you have some charm. You are a very nice bunch of people to...
We would like to also comment upon the superb level of professionalism shown by the staff at ShineRocks. Having been to other block bookings we must say that this one was handled to so well. Additionally the advice given regarding parking was most helpful. We will certainly keep an eye out for other properties marketed by you. Kindest...
Mr and Mrs H
Dear Paul How very happy I am to be the lucky chap that has been given the privilege to buy and live in the elegant property. Thank you again for the excellent service provided by ShineRocks. Yours sincerely
Thanks for all your attention - I am impressed with your service and will recommend you to friends. Kind regards
Dear Paul This is amazing! Thank you and your team very much. Whatever happens now, I know that you all did a fantastic job in achieving this - its unbelievable. Many thanks Kindest regards
Terrific news. Thank you Paul. With all thanks for your support and help during this process. All best wishes
Thank you so much for all your help with our house move. We appreciate the hard work you put in to finally get us to an exchange date. Your calm approach and sense of humour throughout really helped. Thanks again,
Mr and Mrs G
Thank you so much for all your work on selling our home. It is much appreciated. Best wishes
Mr and Mrs R
Thanks again for everything that you have done to get our new home. God bless you.
Mr and Mrs P
Dear Claire and the 'team' at ShineRocks for all of your help and patience with our purchase. Best wishes
K and L
Dear Mr Shinerock, thank you so very much for valued advice last Saturday; your remarks and suggestions have certainly got us thinking of the best way to turn! Best wishes
V and K
Dear Paul We are at last beginning to see some order in our new home and have time to catch breath. The move was challenging to say the least as we were downsizing dramatically and had too much to fit in prior to having an extension to create two more rooms and allow us to convert an existing one into a utility room. We would like to take...
G and S S
Good morning Claire, I have been meaning to e mail you since Monday just to say thank you! Mum and I are extremely grateful for all the time you have given us and we really do value your advice and guidance. We have been in contact with a lot of agents, in fact probably all of the main estate agents around the area and ShineRocks...
S and M
Dear Paul, Well, we got there in the end! Although it was long, complicated and at times, a very stressful journey, we appreciate the help of you and all your team in finally getting us over the finishing line. Best regards
Thank you for everything you've done. I couldn't have got through this without you. Putting up with every difficult situation in such a kind way. Thank you so much.