People tend to take on home improvement projects to make their house better suit their needs. At the same time, a lot of people will look at which of these will add the most value to a property. Below, you can learn about some of the improvements that will add the most value. As the best place to find an architect London has, we can give you all the advice you need for this.
An Extension
This is a project that has the potential to add anywhere from 11% to 20% to the value. It is what people tend to first think of when they hear “property addition” as it involves extending the square meterage. More living space almost guarantees more value. You can do this through a single storey extension to add a living room or a two-storey job to add another bedroom. On average, this costs upwards of £25,000 but this depends on size. You will typically need planning permission but the pay-off can be great.
A Basement Conversion
This is something you might not realise has the potential to be very profitable. However, it can add as much as 30% to the value. This will turn your damp and dark cellar into somewhere you will want to spend all of your time. You can enjoy a high return on investment so long as the build cost for each square metre is less than the area cost for each square metre. This is one of the least complicated projects you can take on and won’t require planning permission. But, remember that you will still need building control approval.
Adding Another Bathroom
Family size is constantly increasing and children are choosing to stay at home for longer. For these reasons, having another bathroom can be a huge help. This can add another 3-5% to the value of your property and can also attract many more potential buyers. The reason for this is that bathrooms are in high demand as people are looking for properties that offer comfort. An extra one can cost you anywhere from £4,000 to £6,000 depending on the size and finish.
Work with a top architect in London
Get in touch if you want to speak to a great choice of architect London clients can have confidence in. We can discuss ideas including which work will allow you to improve your home while staying within your budget.
Make sure you also take the time to check out our previous projects where we have brought our designs to life.