speirbhean
Registered User
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Hello all. I hope this post doesn't contravene the guidelines about house prices so if it does I apologise in advance - likewise if the mods want to move it please feel free. But it's a general rather than a specific question about house prices and extensions. Would adding an extension, for example a large kitchen increase the value of the house enough for the money to be 'made back' if you were to sell it again? To give you a real life example - we live in a three bed semi d with a large back garden but a small galley style kitchen. It's not a good layout for a family, no room to supervise kids, sit down, eat etc. We would ideally like to move to a slightly 'better' area some day but are not in a hurry to do so and would be happy in the house we are in for the next five years or so. However the kitchen is just too small for our needs. So the question is this - if we extended the kitchen to get what we want, a seating area and more storage space - would we be wasting our money if we then sold the house in five years? Or is there any chance that the value of the house could go up by the price of the kitchen? We don't want to make a profit on the extension, we would just like to know we weren't throwing money away. I know this is a very difficult question to answer but even ball park suggestions would be useful. I'm assuming the kitchen will cost in the region of E70,000 including fittings - so would buyers be willing to pay that much over the price of a smiliar house with a galley kitchen?
Thanks in advance
SB
Thanks in advance
SB