Converting your garage into a home gym emerges as the most cost-effective home extension, capable of adding up to £20,000 to your house price. This practical and popular renovation requires an investment of around £10,000 but can dramatically increase your home’s value when executed well.
Gerard Boon, Managing Director at Norwich-based Boon Brokers, explains, “Garage conversions into home gyms are becoming increasingly popular because they transform underused space into a highly functional area. These renovations typically cost about £10,000 but can add between £15,000 and £20,000 in value, especially when the space benefits the entire family.”
In some cases, homeowners opt to convert garages into extra bedrooms for their children. Gerard notes, “A typical project costing £30,000 can add as much as £50,000 to your home’s value by creating additional bedrooms.”
READ MORE: Met Office Issues Thunderstorm Warning as UK Heatwave Prompts Heavy Rain in Southwest England
READ MORE: West Midlands Revealed as Speed Camera Hotspot Amid Surge in Awareness Courses
When it comes to maximizing return on investment, both garage and loft conversions stand out. They add usable living space more economically than building entirely new extensions. Gerard adds, “For families seeking more room without spending a fortune, single-storey rear extensions also reliably increase home value.”
Supporting these insights, Andrew Harvey, Senior Economist at Nationwide, highlights the influence of added space on property value. “While kitchen and bathroom upgrades affect value less predictably, larger projects that increase floor area consistently add worth,” he says. “Location remains crucial, but buyers also highly value extra bedrooms. A 10% increase in floor space generally results in a 5% increase in price. However, adding an additional double bedroom can boost the value by up to 13% in a typical two-bedroom home.”
Harvey continues, “Homeowners who add a loft conversion or extension with a spacious double bedroom and bathroom can see up to a 24% increase in value for a three-bedroom, one-bathroom property. The key is that the new space must be practical and well-designed.”
In summary, if you are looking for an affordable way to enhance your home’s value, converting your garage into a home gym or extra bedroom offers one of the best returns. These extensions are budget-friendly solutions that add significant livable space and appeal to future buyers.