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.