Is It Worth Getting A Property Valuation Before Your Extension?
Are you planning a home extension or renovations? Unsure whether it’s worth getting your property valued before the build? As a team of expert building contractors in Surrey, with over 35 years of experience, we are well equipped to explain the benefits.
Does An Extension Add Value To Your House?
In the majority of cases, yes, an extension will increase the value of your property. However, it is worth making sure. Eventually, you will hit the ceiling price. There’s a maximum amount people will pay for a house in a specific area, regardless of the work done to it. Another factor that could affect the value of your extension is the quality of the build. If you try to cut costs or don’t use reputable builders, your property may not gain the value you had hoped it would. You could even end up losing value if the extension isn’t up to safety standards.
What Will A Property Valuation Tell You?
Obviously, a property valuation will tell you the current value of your house. This will allow you to figure out if it is nearing the ceiling price for the area and allow you to reconsider your options. You should also be able to ask how much the property is predicted to increase with the addition of an extension. You can then compare this to the cost of the build. You don’t want to pay more for your extension than you gain in value. That is a very quick way to lose money.
How Much Does A Property Valuation Cost?
Property valuations from an independent valuer will usually cost around £150 to £800. Which may seem like an extra expense that you don’t need, but we suggest that it’s worth it in the long run. They may be able to warn you about the ceiling price in your area or how the cost of the extension may outway the increase in value and save you a lot of money down the line. They may also be able to advise you how you could change your plans and optimise the build to add the most value. It could be possible that you are planning something quite obscure that potential buyers may not be interested in.
Contact Us – Building Contractors in Surrey
We are a team of well experienced builders in Guildford. NBC Construction Ltd. is a second generation family-run business that was born out of one man’s love for construction back in 1982 and we haven’t looked back. If you would like more information or want to talk through the home extension services we offer, please don’t hesitate to get in touch. Give us a call on 01252 978291 or email us at email@example.com