12ftx14ft enough?
Discussion
Simpo Two said:
Chainguy said:
I agree with you I'm afraid. Daft to have that cost for that return.
But it could be an extra reception room and an extra bedroom, either of which would put at least £20K on the value of the house.20k extra asking price can often shove a home into the next bracket up, where homes are more aesthetically pleasing or in a better area etc. You then have no chance recouping that 20k back on your less than pleasant looking home compared to others you percieve yours to share a bracket with.
Also, if you are in an estate where nothing is selling, shoving 2 rooms and another 20k onto the price tag does not help yours to sell, it hobbles it, because yours is now the most expensive house, and it's a different design (obviously) to the rest. People just dont like 'seller unique' in estates. Pyschology/studies have shown that. They prefer the crowd mentality.
Lastly, homes which have been extended (in Scotland anyways, this may not apply in England) never, ever make the money for their square footage that a home from initial concept and build make.
HTH
Simpo Two said:
Chainguy said:
stuff
Well yes, I guess it all depends on whether you want to stay there and make it home, or constantly keep one eye on resale value.Still, thats a whole other thread really
It is a rural house in rural Norfolk, it would take it from 4 bedrooms to five, and then fifth bedroom is certainly great, but then the downstairs would be a 'proper' study, which I think is a waste of space in a house that only has 2 receptions and one is muddled in a part sitting - part eating room. £20k is a rough guess by one builder, does it sound low?
For a full finish job, including sorting the plans out with an architect and doing the necessary permission applications etc, yes, it does sound lowish.
Saying that, I know a few very good tradesies who are begging for any work they can get right now. Maybe he is a good guy who just needs the work.
Saying that, I know a few very good tradesies who are begging for any work they can get right now. Maybe he is a good guy who just needs the work.
The question of whether a 100% return on an improvement is possible is only relevant if she intends to sell.
If she intends to have the improvements done to avoid moving and incurring moving costs and will get the benifits of the improvements herself. Then it makes sense.
Although many "add-ons" do look a bit ugly IMO.
I bet half of us could get an extra room just by throwing out accumalated junk
If she intends to have the improvements done to avoid moving and incurring moving costs and will get the benifits of the improvements herself. Then it makes sense.
Although many "add-ons" do look a bit ugly IMO.
I bet half of us could get an extra room just by throwing out accumalated junk
Chainguy said:
Simpo Two said:
Chainguy said:
stuff
Well yes, I guess it all depends on whether you want to stay there and make it home, or constantly keep one eye on resale value.Still, thats a whole other thread really
Would it not also depend on the size, layout and other rooms in the existing house? Having moved recently and seen some extensions, some rooms are massively out of proportion with the rest of the house, have dreadful access to them or they have created a fifth and sixth bedroom, but still only one tiny bathroom and no downstairs wc.
If the rooms are in proportion to the rest of the house and they are genuinely useable and, as others have said it doesn't push the asking price into competition with nicer houses in nicer areas, then it sounds like quite a good deal. If I could add a 14'x12' study and a fifth bedroom onto my house for 20k I would certainly do it as it fits in with what I have and would be pretty sure about making that 20k back at sale time.
If the rooms are in proportion to the rest of the house and they are genuinely useable and, as others have said it doesn't push the asking price into competition with nicer houses in nicer areas, then it sounds like quite a good deal. If I could add a 14'x12' study and a fifth bedroom onto my house for 20k I would certainly do it as it fits in with what I have and would be pretty sure about making that 20k back at sale time.
Jasandjules said:
my neighbour got a two storey extension priced between 30 and 50k.
Friends of mine are currently doing a sunroom and side extension with a garage and room above it. They had a budget of 35k to do both, completed the sunroom for 10k and are having to borrow another 10k to finish the side extension off and thats with them doing as much of the work themselves as they could, sourcing materials themselves and getting the plans done on the cheap. We've had quotes of about 14k just for a sunroom.Gassing Station | The Pie & Piston Archive | Top of Page | What's New | My Stuff