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 Will house valuation increase when..., renovated with legal floor extensions?

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lamode
post Mar 28 2018, 10:55 AM

anything could happen!
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QUOTE(HaVoC @ Mar 28 2018, 10:52 AM)
Good day all sifus and gurus, a newbie question here.  doh.gif
As per title, I've seen plenty of single storey owners spending lots of money to do floor extension renovations. (1 storey -> 2 storey)
I'm curious if this actually increase the valuation of the house?
If not aren't these people risking the bulk of the money spent having zero returns when selling?  hmm.gif
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if the renovation / extension is legal and approved by local MP, of course it contributes into the valuation.

 

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