Is a Garage Conversion Cost Effective?
Throughout our lives, we will outgrow our home on more than one occasion. For most people, the logical next step is to start the process of looking for another home. The costs involved in moving houses can be eye-watering. Solicitors fees, estate agent fees, stamp duty, remortgage fees, removal companies, post-redirections, and other costs can all add up to five figures. This is dead money; there is nothing material to show from this; it’s just the cost of choosing to move. This is a source of real frustration for many homebuyers.
On top of the financial burden a house move creates, there are months of stress and upheaval. A house can easily take more than six months to sell, especially when there is a chain involved. An independent survey by Index Digital showed moving house is the most stressful life event according to the British public, ranking higher than divorce or having a child.
Having a garage conversion to increase the usable space in your home can be a fantastic alternative to all this stress and financial outlay. The average cost of moving home in the UK will be £10,255 in 2024, according to the Homeowners Alliance. Comparably, a single garage conversion (which can be used as a bedroom or bathroom, an open-plan kitchen, an office, a studio, etc.) will cost around £15,000 and add a value of around £20,000 to your home. So for the initial outlay, the average person can make £5,000 profit from converting a garage compared to losing £10,255 on moving home. That's a difference of over £15,000.
Equally, the average single garage conversion takes Midland Garage Conversions just two weeks. We take care of all certifications, including building control and project management, for you. There’s no paperwork (other than our agreement) to contend with, no solicitors, estate agents, or tax calculations. There is very little disruption to your main living area because we’re tucked away working in the garage. Apart from the odd cup of tea, you’ll barely know we’re there! By comparison, a house move will take anywhere from six months to a year of stress, uncertainty, and disruption.
Finally, the number one reason people choose to move home in the UK is that they want more space. Often, the emotional wrench of leaving friends, family, schools, and neighbours behind is tough. Again, a garage conversion lets you expand into your own home, surrounded by the people and things you love.
If you find yourself needing more space, then consider a garage conversion as an alternative to moving home. Low stress, quick and efficient, and the added bonus of adding value to your home.
