Thinking of renovating your home? Trying to work out costs and benefits? This extension value calculator can help you get a better understanding.
If you’re also looking for a way to finance your next home improvement or renovation project, we have the solution.
Why use the calculator?
If you’re thinking of extending your property and want a guide on whether you think it will add value to your home, this calculator by the ONS is a great resource.
It couldn’t be easier to get started, and the process will take only a matter of seconds.
How does it work?
After entering your postcode or area, you’ll be asked to input some information about the planned extension itself. This includes its exact size (small, medium or large).
You’ll then receive a figure that will give you an understanding of just how much value your extension would add. You can then decide how to proceed.
How accurate is it?
It’s important to remember the calculator is only an estimate and should be used as a guide. Other factors will influence value, including how well it’s been built.
When it comes to property value, location is a hugely determining factor. This is why the calculator takes this into account when providing you with a figure.
Will your home extension add value?
A common way homeowners try to add value to their home is property refurbishment and renovation. Particularly if you want to get more money when you come to sell, this is a common tactic.
While there are no guarantees when it comes to value, due to changes in the housing market for example, many property owners have had success in this way.
Need to find a professional?
If you want to get your renovation project underway, it’s important to find the right people for the job. Ensure you find trusted professionals with experience in what you’re looking for.
Luckily, we can connect you with the people who can make it happen. Everyone we work with is experienced and trustworthy, available for a wide range of home renovation projects.