How Much Value Does a Garage Conversion Add?

How Much Value Does a Garage Conversion Add?

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A garage conversion is one of the best and most cost-effective ways to add extra space to your property while increasing its value to it!

Garage Conversions

A study by the RAC carried out in 2014 found that 62 % of motorists no longer use their garages to park their cars. What’s more, 9 % of those who do not keep their car in the garage said it had been converted into extra living space, Which the RAC estimates equates to 678000 garages nationwide!!

When looking to add an extra room to their property, most homeowners will opt for an extension, loft conversion or conservatory to provide the additional space they crave.
But with a new extension costing an average of between £1000 – £1500 per square metre, costs can quickly add up and outweigh any potential profits from an increase in the house price.

Garage Conversion
Garage conversion to office in Buckinghamshire

That’s why so many homeowners have instead chosen to convert their garage into that extra living space they need and desire.

Garage conversions are cheaper to complete than a new extension, as foundations don’t have to be laid and the bare bones are already in place. In fact, a basic garage conversion can cost as little as £ 7000 + VAT! 

To see what’s included within this price please check these FAQs

Will a Garage Conversion Add Value to Your Home?

Garage Conversions Milton Keynes

As the main structure is already in place this allows for a relatively quick and easy conversion time. A basic garage conversion is usually completed in 10 working days and planning permission is rarely needed.

When converting your garage always make sure it is converted to current building regulations by a reputable company to save problems in the future if you ever come to sell your house.

In articles by Virgin Money & The Telegraph, it shows that a garage conversion is a surefire way to increase your living space whilst increasing the value of your property.

So for all homeowners looking for more space whilst increasing the value of their property a garage conversion is the ideal home improvement!

Converting your garage can add up to 20% in value to your home!

Garage Conversions

 Around 90% of all garages in the UK are left empty. 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.

Estimates suggest conversion into an en-suite bedroom could increase your home’s value by around £40,000 (around 20% of the value of an average £218,000 home) – but if that doesn’t suit your home or your needs, turning it into a playroom or study you could still increase the value by about £20,000 (approximately 10%).

If you live in Northamptonshire, Buckinghamshire, Bedfordshire and surrounding areas get in touch with the garage conversion experts for advice on converting your garage to increase living space whilst at the same time increasing the value of your property!

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