Building A Garage Could Boost Your Property Value By £4,000

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Homeowners who are hoping to sell their property in the future could look at ways of boosting the value of their asset, including building a new garage. 

According to a survey by SGS Engineering, house-hunters will pay on average £4,000 more for a house with a garage.

It noted that building a single, attached metal garage would typically cost just £1,800, which yields a profit of £2,200. 

Another renovation job that is worth doing is constructing a home office, such as converting a garage or changing a bedroom into a study. Due to the rise in the number of people working from home or having flexible working arrangements these days, there is a greater demand for home offices. 

General manager at SGS Engineering Dave Gordon said: “This could be a great way to add value to your home.”

Homebuyers will typically pay £3,500 more for a property with dedicated space for an office, so it could be worth doing. 

According to Zoopla, one of the most profitable ways to boost your house’s value is to undergo a loft conversion. This raises the sale price by around 15 per cent, and lofts with bathrooms can command even more. 

While the average cost of a loft conversion is £22,000, it could be worth doing if it increases the value of your property significantly. 

A typical property in London, for instance, was £530,396 in January, so boosting this by 15 per cent would take it to £609,955. This represents a profit of £79,559. 

If you are considering a loft conversion in Telford and want more information about the project, it is worth getting in touch with our experts. 

Tips On How To Save Money When Building A House Extension

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Extending your house doesn’t have to cost a fortune, as there are many ways you can cut down on your spending. Here are some tips on staying on budget, so you can enjoy your extension without breaking the bank. 

Make a budget

The main secret to sticking to your budget is making one in the first place. Do not let costs spiral out of control by writing down everything you will need to spend on and finding average costs for each item. This way you know how much you have available for every product and service and you do not go over it. 

If you are able to make any savings, this will help pay for some items that may end up being more expensive. 

Avoid Party Wall agreements

A Party Wall contract is a legalised agreement between yourself and your neighbour if the work concerns a shared wall or boundary. They typically cost around £1,000 to get, but if you have a good relationship with your neighbour, you may be able to avoid having to do so. 

By keeping them in the loop regarding your plans, you are less likely to face conflicts over your extension plans. 

Re-use furniture

When it comes to refurnishing your extension, you don’t need to buy everything new. You could either re-use old furniture and fittings or buy some second-hand. Lots of people sell old kitchen units that you can spruce up, or you could give drawers or bookcases a new lease of life by repainting them. This will save you lots of money on furniture and furnishings in the long run. 

Planning building work on your home can be hard work, but you will find it easier to stick to your budget by recycling old furniture and using experts in house extensions in Telford who know the most cost-effective ways of achieving your goal.