5 Ways an Extension Can Add Value to Your Home

If your current home just isn’t working for your family, it may be time to consider a home extension. Beyond adding new functional spaces that will enhance your lifestyle, an extension also has the potential to add value to your property, by increasing its resale value.

Here are five ways to take full advantage when renovating, adding to or extending your home.

1. Do your research

Before embarking on any home extension project, it’s important to understand what the market is looking for in and what design features are considered valuable. Whether it’s an outdoor space where the kids can run around or a spare bedroom for guests, doing this research could make a huge difference to the resale value of your home, while also becoming a much-needed part of your everyday experience.

2. Outdoor living

Being able to eat, entertain and generally enjoy an outdoor space is a huge drawcard for many Australians. Therefore, introducing an outdoor living space to your home is a fantastic way to add additional value. Build a pool and deck, or keep it low maintenance with an entertaining area and outdoor BBQ. A well designed outdoor area can easily become an additional living space within your home and with appropriate heating and cooling options, you’ll be able to enjoy it throughout the year.

3. Build Up

If you’re on a narrow block, or don’t want to encroach on your existing yard space, why not build up? The air above your home is yours to enjoy, so you can take advantage with a second level, doubling your living space without losing out on your outdoor area. Building up does require specific council approvals, but proving you engage an experienced home extension builder, they should be able to assist you with these applications.

4. Granny flats

If your kids are getting a little older, or you’re looking at multi-generational living, a granny flat is a great way to add value to your existing home. Instead of integrating new spaces into the main structure, a separate, smaller space can introduce a completely private living area for adult kids or older relatives. It could also function as a separate home office, or be rented out for an additional income stream.

5. Roof extension

Many Melbournians are currently living in homes that don’t take full advantage of their roof space. If your existing home has empty space above you,why not convert it into a new bedroom, storage area or home office? This is a cost-effective option that may be less complicated than other home extension designs.

Should you be looking to add a home extension to your Melbourne home, get in touch with the team at Nicon Built Design + Build today. We can guide you through the process of renovating or extending, making it a smooth and seamless process from the very first meeting.

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