Due to the fact that residential construction regulations have become more amenable over the past several years, it’s in your best interests to take a look at the benefits of building an extension on your home, especially if you’ve been pining to start reinvesting money back into your property.
Return on Investment
When evaluating the myriad of extension options in today’s home improvement landscape, it’s important to assess the ROI of each project as it pertains to your property’s market value:
- If you own a typical three-bedroom residence, adding a living space with an en-suite bathroom can boost your home’s listing price by as much as 25%.
- Building a stand-alone bathroom in your cellar can raise your home’s appraisal value anywhere from 5% to 10%, depending on whether you include a shower in the design.
- Constructing a tertiary boudoir on the first floor or “bumping out” your den will make your property more desirable on the open market and increase its resale price by up to 15%.
When taking into account the fact that the average extension project ranges from £10,000 to £18,000 in the UK, you’ll be able to recoup upwards of 72% of the initial contractor fees and material expenses irrespective of which specific project you opt for. In this regard, your ROI will be realised immediately after your next appraisal.
Personalised Designs for Any Type of Building
If you partner with a distinguished team of builders in Hampshire, you’ll gain access to a highly trained team of electricians, plumbers, joiners, plasterers, painters, decorators, and designers that can handle the entire undertaking from top to bottom.
This will allow you to save a fortune on subcontractors and alternative construction experts so be sure to schedule your complimentary site survey as soon as possible.