In terms of marketing your residence, your goal is to secure the highest possible selling price. One way to increase the value of your home is by adding an extra bedroom. But does this really make a difference in the UK real estate market? In this article, we will explore the impact of adding a bedroom on your home’s value in the UK.
The UK Real Estate Market
To begin, let’s first understand the current state of the UK real estate market before we discuss adding a bedroom. According to recent data, house price in the UK has remained resilient and even risen in some area. Considering this, it’s evident that the UK’s property market is robust and poised for future growth.
Adding a Bedroom
by Devon Janse van Rensburg (https://unsplash.com/@huntleytography)
Let’s tackle the crux of the matter – does the addition of a bedroom escalate the value of your home in the UK? The short answer is yes. In fact, adding a bedroom can increase the value of your home by up to 15%, sometimes more. This is because an extra bedroom adds more living space, making your home more appealing to a larger pot of potential buyers. It also allows for more flexibility in terms of how the space can be used, such as a home office, gym or guest room.
Location Matters
Adding a bedroom can boost your house value, but you need to think about where your property is located. In areas where house prices are already high, adding a bedroom may not have as much of an impact on the value of your home. In places where house prices are lower, adding a bedroom can really boost your home’s value.
Doing research on the local real estate market is important. This will help you figure out how adding a bedroom might affect your area.
Other Factors to Consider
While adding a bedroom can increase the value of your home, there are other factors to consider as well. For example, the quality of the renovation and the overall layout of your home can also impact its value. It’s important to make sure the addition of a bedroom flows well with the rest of your home and is done with high-quality materials and workmanship.
Here is a link to the one o f the industries largest governing bodies with advice – propertymark.
Conclusion
In conclusion, adding a bedroom can definitely increase the value of your home in the UK. However, it’s important to consider the location of your property and other factors that may impact its value. If you want to add a bedroom to your home, it’s a good idea to talk to a real estate agent or an appraiser first. They can help you figure out how it might affect the value of your home.
If you would to know more about adding value to your Daventry or Rugby Home, or you would like a Free Property Valuation, call 01327 624275 or 01788 486100 or click here to book online – Free Market Appraisal.
