Value of Home Extensions
Choosing a home extension can be an excellent money saving alternative to moving, in addition to providing extra space at any stage of home ownership. If done properly the added value to the property can exceed the cost of the extension. According to Barclays, the average return-on-investment (ROI) for building a 30m2 extension is currently estimated at £156,000 for a typical £475,000 home in London and £14,000 for a typical £180,000 home in the rest of the UK. Designer kitchens and en-suite bathrooms remain the most popular types of extension, while keeping properties current is cited as the top reason for planned improvements.