In the country’s economic climate it has become sensible to avoid moving home, instead improving your current property is more feasible.
Extra space is one of the main reasons homeowners choose to relocate, so if this could be done in your home instead, would you consider it?
This is why a garage conversion is such a popular option for those seeking more space. Considering the cost first off, a conversion would set you back between £5,000 and £10,000.
Compare this to the cost of moving home, with estate agent fees, solicitors and stamp duty. Then, you’re likely to have a larger mortgage once you get there too.
Of course, garage conversions can be a little more expensive, especially if you want to include waterworks for a bathroom or kitchen and plumbing costs would need to be factored into the price.
So what about the question that’s really on your lips? Is a garage conversion worthwhile and will it add value to your home?
Put simply, the answer to both is yes. Addressing the monetary aspect first, a conversion can increase your property’s value by at least 10%. You’ll need to consider if there’s enough storage space to compensate, but typically garages these days are unused.
By taking away the garage though you’ll need to consider if this will have a negative impact for you personally. Do you run a car? Parking spaces these days are becoming harder to find, especially in built-up cities. If you have a driveway then this problem is averted.
Consider your car insurance too, because remember your insurer will ask where your car is kept. Premiums will be more expensive if parked on a driveway or public road overnight.
To tackle any issue you could of course think about a half-conversion, especially if you have a large garage. This would essentially chop the garage in half. The front would continue to act as a garage and at the back you’d have extra room for living space.
But how should the extra space be used? Well, this all comes down to your personal preference and what it is your home needs. Perhaps you require an extra bedroom for a growing family. On the other hand, extending the kitchen or creating another living room could be more ideal.
Whatever you choose in the end, you’ll need to be aware of regulations surrounding planning permission. Fortunately, garage conversions are one of those projects which aren’t affected because unless the exterior is altered, on most occasions permission isn’t required.
Building Regulations is a different kettle of fish though and you need to meet standards such as fire safety and ventilation. A professional garage conversion company will know the exact criteria you need to meet though and can ensure everything is in accordance with the law.
If you’re ever unsure, it’s always best to speak with a local planning officer from the council. You don’t want to make a costly mistake and it pays to be 100% sure.
Facts & Figures You’ll Love To Share
- [tweetable alt=””]A garage conversion only costs between £5,000 and £10,000, giving your home valuable extra space.[/tweetable]
- [tweetable alt=””]A garage conversion is much cheaper than moving home, with solicitor fees, estate agent payments and stamp duty being expensive.[/tweetable]
- [tweetable alt=””]Converting your garage will increase home value by at least 10%.[/tweetable]