How to Add Value to your Luxury New Build
The early stages of planning a luxury new build is a great time to think about how you can add extra value to your future home. Value in a home lies mainly in its usable living space. So increase the space, increase the value.
Here are our tips for how you can add value to your luxury new build.
An Extra Bedroom
The price gap between three, four and five bedroom houses is substantial. So the extra cost is well worth it, if you’ve got the room to spare. Instead of having a big loft (which realistically will eventually be full of junk!) consider using some of that space to create an extra bedroom. Experts say that by doing so, you can add up to 12.5% value to the house.
Bathrooms and En suites
In most cases, the installation of an extra bathroom is well worth the extra cost. The ease and simplicity of daily life is a priority for lots of people, so an en suite bathroom is also a good investment. You can adjust the cost of a bathroom to any budget. So the trick is to make sure it’s in keeping with the value of the house. Be clever with your spending to make sure you won’t be making unnecessary changes. Blowing your budget in one area can make it stick out from the rest of your designs, so balance is key.
Basements are a sure way to add value to your luxury new build. And the planning stage is a great time to consider adding one, as you can incorporate it into the construction of the house. However, the downside of adding space below ground level is that it is more expensive per sq ft.
That being said, if there’s room in your budget it is definitely worth considering, as it’s a simple way to add space to the house without increasing its footprint.
In urban locations, having off road parking can be hugely valuable. In these locations, paving off some or the entire front garden can be beneficial in terms of price and ease of sale in the future.
Connecting the indoors with the outdoors
With the temperamental weather in this country it’s important to make sure that your garden can still be enjoyed from the house. To do this, you could install glass doors at the rear, which are great for letting in extra light. You could take it one step further and add a conservatory. Conservatories, done well, can add up to 11% value to your house.
Consider these valuable ideas early in your plans, and you’ll avoid completing additional work further down the line. By thinking about the value of your new build early, all the work can be done at the same time. So you won’t be living on a construction site in the future.