Will a home extension add value to my property?

Increasing the amount of living space will, without doubt, improve your family’s lifestyle, and the indications are that it will also add value to your property as long as the ceiling price for the local area will support it. There’s an argument to say that the value that an extension adds is more likely to be realised over time, especially if the project is complex and therefore requires a significant budget, but in general, any additional living space will be attractive to potential purchasers. The key to adding genuine value is to create an extension that is not only in proportion to the existing house but also matches the quality of the build – it’s not uncommon, for example, for a poorly built extension to devalue a property. Statistics indicate that a professionally built two-storey extension can add as much as 11% to the asking price of a property, so there is an argument to consider a second level if funds permit, especially as the structural work would already be in place for the first storey.