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worthwhile dorma conversion?

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  • worthwhile dorma conversion?

    I own a house which is a semi detached with two large bedrooms upstairs. our roof line lends itself very well to adding a dorma along the side of the property (as our neighbours have done) which will create enough room for a good size family bathroom and another good size bedroom. the works will cost around 15k to complete (mainly self built) . i have spoken to a local estate agent who sold us the property and he tells me that it would be an excellent investment and if we were to sell after the work was done we could walk away with about 25-30k equity. does adding a bedroom and family bathroom add that much value? just looking for some affirmation before i even start to get plans drawn up or start to raise finances. any thoughts or input welcome!

  • #2
    It certainly can add a lot of value - a basic rule of thumb for redevelopment is that anything that adds new rooms adds new value to a property.

    However, the actual value amount seriously depends on local selling conditions - for example, a great property in a crap area will never increase value as much as a poor property in a great area.

    Also, bear in mind that Estate Agents can get carried away with valuation.

    Even still, investing in your property is always a good idea.

    2c.

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