If you’re planning to add a kitchen extension to your property or perhaps you’re simply looking for ways to increase the value of your property, this is one of the common questions that usually pops up. A simple answer to this question is yes, a kitchen extension will add value to your house. With a kitchen being one of the most frequently used room in a house, adding an extra space to the commonly used room can only increase the value of the entire property. However, to determine the value added by such an extension, there’s a need to calculate the cost of setting one up first.
Kitchen extension costs are greatly influenced by a wide range of variables such as the size, type of the extension and specifications, your location, professional fees, materials used and more. Overall, the type of the extension you opt for will play the most significant role in the determination of your kitchen extension cost. Here, we’ll be looking at a single storey kitchen extension.
For a single storey kitchen extension, you can expect your home’s market value to increase within the range of 5 percent to about 10 percent. When trying to calculate the cost of kitchen extension, it’s crucial to take into account how much value it’ll add to your home so as to make sure that the amount expended will not outweigh the expected value to be added by the project.
For a more accurate idea, there’s the need to consult local estate agents. However, for a much needed guideline, single storey kitchen extensions are usually able to add about 5 to 10 percent to a home’s value, while double storey extension should be up to 20 percent. But as stated earlier, this will depend on several variables.