Is a Garage Conversion a Good Home Investment?

If you’re looking to add value to your home, whether through its practicality or market price, there’s a lot of roads you could go down.

These could include reconfiguring the layout to work better for your family, installing a new kitchen, or modernising your existing space and extending your home to give it more square feet.

In this blog post, construction specialists Refresh Interiors share their insight to explain why garage conversions have the potential to be a worthwhile investment.

Converting your garage

Whether you want to add value to the sale price your home can achieve when its put on the property market or want more living space for you and your family, converting a garage is a straight-forward, cost effective and popular option.

Garage conversions for increased market value

Homes with a garage can fetch up to £11,000 more than those without, but converting your garage into extra living space can help boost your sale value by a further 10%.

Carrying out a high quality garage conversion can be a relatively fast way to invest in your property and add an additional room to your home to boost the price prospective buyers are willing to pay.

Garage conversions for increased living space

It’s easy for garage spaces to get out of hand, with many adopting an out of sight, out of mind approach. For many home garages, the extra space they offer households isn’t being used to its potential, instead becoming an additional storage space.

But a garage is an existing structure attached to your home with valuable square footage which could be better used as living space. If your home feels like it’s bursting at the seams, a garage conversion can add the extra breathing space you need.

The garage conversion process

Unless you’re prepared to have builders overrule part or all of your home for months on end, building work like complex extensions and loft conversions are out of the question.

But with a garage conversion, where the foundations for your new design are already laid, the process causes minimal disruption. When you choose to convert your garage, almost all building work can take place without interfering with the rest of your home.

What’s more, because the skeleton of your new room is already up, you skip the time-consuming and potentially costly process of gaining planning permission, with only building regulations required.

Making the investment

There’s no doubt that garage conversions done right have the potential to benefit both quality of living and overall property value. With the average cost of quality garage conversions coming in between £6000 and £10,000, they offer a cost effective way to create more livable space.

If you’re ready to make the investment, it’s important to ensure you contract a professional construction team with the skills, attention to detail and passion to get the job done on time, on budget and to a high standard.

For your investment to pay off, finding the right team is vital. So, do your research, ask for recommendations from friends and check for the relevant accreditations to ensure you make the right choice.

Bio: This article was contributed by Refresh Interiors, a family-run, Hertfordshire-based construction company specialising in garage conversions.

Author: Editor

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