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Or the £30,000 it costs to convert the average loft. Have a look around this Scandi-style Eighties house in Oxfordshire, Loft conversions – how to plan and cost your dream space. However, if yours was professionally built in the last 25 years, is made of brick or block and is structurally sound, there’s a good chance you could convert it with very little fuss. With the average house price in the UK currently standing at £225,000, a garage could be worth an extra £11,000 to buyers looking at your home. Done right, spending £20,000 on a loft conversion could add £40,000 to the value of your home. They say that ‘space is at a premium’, and a fantastic way to create the illusion of extra space on your plot is by converting your garage into a living space. Cheaper conversions can be achieved but they will always feel like a ‘converted garage’ & may not add the full value to a property. There are a number of benefits in choosing a garage conversion as a way to extend your home, the main one being that it’s fairly cheap to do. dailyrecord If you intend living in the house then if you want/need the extra living space, convert the garage. Some councils will also require Planning Permission if you’ll be substantially changing the exterior of your house. Short answer: Yes. A reader is considering converting a garage into a second living room, but wonders whether this would add value in the long run Want more project advice? As a guide, a good single garage conversion incorporating these element will be in the order of £12 to £20K. However, you must check with your local authority’s planning department first. And now, new research from Admiral Loans reveals that you could add an average of £45,000 to the value of your home – AND you don’t need planning permission! So if the cost of the project is less than the extra value added to your property, this works out as a cost-effective way to add more space. A survey by the National Association of Estate Agents (NAEA) revealed that the best ways to add value to your house included a loft conversion, and adding extra bedro… Will a Garage Conversion Add Value to My Home? And if you’re planning to sell your home within three to five years, a garage conversion is usually not a good idea. The Garage Conversion Company charges around £10,000 to convert a single garage and £15,000 for a double. When trying to capitalise on the value of your property, creating extra living space will always be a good idea. As for how long it will take, the time frame to completion could be anything from 10 days to several months, depending on the job. Home buyers care about codes and they don't want to be forced to make their own renovations after they move in, and they may even require proof that the renovation matches safety codes before they buy the house. And a further 470,000 are going to be converted into extra living space. Admiral Loans came to that figure by looking at house price figures from Zoopla to calculate that a square foot of living space is worth an average of £350. A basic integrated garage conversion will cost from around £8,000 (or £400-640/m²). Reason: Access from your area has been temporarily limited for security reasons. We earn a commission for products purchased through some links in this article. Planning Portal has advice on planning rules and Building Regulations. If you have off-road parking and depending on where you live, you may find converting a garage can significantly increase your home's value. For the most part, experts agree that converting your garage into living space does not add value to your home. Home improvements are a great way to add value to your home. The value a granny annexe will add to your property. We would love to hear how you got on with your project. In some areas of the country, the ability to park close to your front door comes at a huge premium and therefore, if you have the room to add off-street parking, you are sure to increase value. Conversions are perhaps one of the house Nordmann Fir Christmas tree delivered to house! Santander calculates that the average garage conversion Company charges around £10,000 to convert the average conversion... Just £25.98 – what a bargain our property advice t involve enlarging the Building how you got on your. The exterior of your home and often much more cost-effective than a only. 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