An extension is an effective way to convert a so-so abode into a dream home. And with a little forethought, extending your home can enhance its resale value as well. A better place to live and a higher net worth; it’s a win-win.
But not all renovation work makes a tangible improvement to resale value. You should focus your efforts on what yields the best results. Keep the following ideas in mind to add extra resale value onto your next home extension.
Convert Your Cellar into a Living or Storage Space
Everybody wants more space, whether it be for everyday living or storage. And the easiest way to add precious square metres onto your property is by converting an old cellar into something a bit more liveable.
The beautiful thing about converting a cellar is the job qualifies as a ‘change of use’, which means you won’t have to go through the rigmarole of applying for planning permission. If the square metre value in your area is higher than the build cost of renovating the cellar, the work is guaranteed to see you come out in front.
Convert Your Garage into a Granny Flat
In the same vein, transforming your garage into a living area is a simple way to add extra floor space to your property. Of course, you’ll still need somewhere to park your car, so only consider this option if you’re happy to leave it outdoors.
Converting a garage into a granny flat may require planning permission, depending on the work involved and the purpose of the residency. Confirm the details with your local council before getting the project underway.
Upon completion, you’ll need to get an independent inspector to ensure all work complies with the relevant government regulations.
Split the Property in Two
One possible way to maximise the value of your home is to split it in two. That way, you’ll earn extra money from rent in the short term and add resale value to your home in the long term. However, the process is only legally permitted in certain neighbourhoods. Investigate the regulations governing dual occupancy and property subdivision in your area.
Also note that two smaller units may be in lower demand than one big property, especially in sparse suburban areas. Be sure to do a little market research as well!
Do a Side-Return Extension of Your Kitchen
A side return refers to the narrow corridor of land that runs along the outside edge of your property. More often than not, it becomes a dumping ground that provides little utility for the homeowner.
A side-return kitchen extension allows you to reclaim this seldom-used strip of land by incorporating it into your home. As a result, you’ll get a roomier kitchen that adds significant resale value to the property. These projects are one of the most popular home extensions in Adelaide for adding space to your interior floorplan. However, you’ll need to carefully check the relevant planning regulations to ensure everything is above board.
A well-planned extension will enhance the liveability of your home and optimise its resale value. Keep the above ideas for house extensions in Adelaide in mind to get the best possible return on investment.