Rethinking Home - SKI’s: Do House Extensions Add Value?
All seasoned homeowners understand the importance....
of maximising the value of their property. With years of experience and a keen eye for quality, our client’s are seeking ways to enhance their home's worth while creating a space that reflects their evolving lifestyle. House extensions emerge as a compelling option, promising not just additional living space but also a significant boost in financial value tailored to their needs.
For our SKI clients like Ann and Roger ( remember them), house extensions offer more than just extra square footage; they represent an opportunity to create a home that embodies their values and aspirations. As they approach retirement, the prospect of expanding their living space to accommodate hobbies, interests, and future plans becomes increasingly appealing. Whether it's adding a cozy reading nook overlooking the garden or creating a spacious kitchen-dining area for hosting family gatherings, extensions provide the flexibility and customisation SKI clients crave.
Moreover, the financial benefits of house extensions resonate strongly with client’s seeking to secure their financial future while enjoying the fruits of their labor. Research indicates that well-planned extensions can significantly increase a property's value, offering a tangible return on investment for SKI clients looking to optimise their asset portfolio. According to a study by the Nationwide Building Society, adding an extra bedroom through an extension can increase a property's value by up to 11%, while a well-executed kitchen extension can boost value by as much as 15%. With the added value from extensions, our clients can feel confident knowing that they're not just enhancing their living space but also safeguarding their financial well-being for years to come.
Additionally, the aesthetic appeal of house extensions speaks to the discerning tastes of clients like Ann and Roger, who value quality craftsmanship and timeless design. By seamlessly integrating the new extension with the existing structure and incorporating modern design elements, SKI clients can elevate the overall aesthetic of their property, creating a space that feels both luxurious and inviting. This attention to detail not only enhances the property's marketability but also ensures that it remains a cherished haven for generations to come.
In conclusion, house extensions are a smart investment for the likes of Ann and Roger, research conducted by the Royal Institution of Chartered Surveyors (RICS) suggests that properties with modern, well-maintained extensions tend to command higher selling prices and attract more competitive offers from prospective buyers. By expanding living space, enhancing functionality, and elevating aesthetic appeal, extensions cater to the evolving needs and aspirations of SKIs, ensuring that their home remains a source of pride and comfort for years to come. With careful planning and expert guidance, our clients can unlock the full potential of their property and enjoy a rewarding return on investment that transcends monetary value.
Have you been harbouring an inkling in the back of your mind to build a much needed extension? Well just book a complimentary discovery call and chat your ideas through with Mark....
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