HOUSE ABOUT THAT

New tool calculates how much value home improvements will add to your property

HOMEOWNERS can now calculate how much value renovations will add to their property thanks to a new tool.

It could come in handy as 41% of homeowners plan to renovate or extend their homes following the pandemic, according to research.

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by Mortgage Advice Bureau calculates the renovation cost and the additional value of a property depending on a few details.

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  • Add single storey extensions of up to 4m by 6m
  • Moving windows and doors, as long as you're not looking directly into neighbouring properties
  • Move interioir walls, as long as the total footprint of the house stays the same
  • Loft conversions of up to 50 cubic metres for detached and semi-detached properties, or 40 cubic metres for terraced houses
  • Single-storey conservatories of up to 4m by 6m
  • Outbuildings that double up as office space
  • A porch of up to 3m tall
  • Garden decking as long as it's more than 30cm above ground
  • Swimming pool as long as it's no bigger than 50% of the size of the garden

Or if you live in a ground floor flat in Manchester and can get planning permission to extend it by 15 square metres, this could add £50,000 in value to it.

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