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Lots of people, having extended their homes, then come to want to sell the property but find it tricky to place a value on it. Any over extention of their finances on recent building works may leave them in the awkward position of needing to “Sell my House fast” and in this market that is not painless. Here are some hints and tips on arriving at such a valuation to help vendors achieve a Quick Property Sale by placing the right asking price on it in the first instance.

One way to arrive at a valuation is to basically assess the present market value of the property prior to the extension. This can best be done by viewing the actual sold prices for the same or similar houses within the vicinity. Then add to that the actual cost of the extension in today’s terms (i.e. what it would cost to build the extension today).

A different approach is to calculate the increase in floor area brought about by the extension and apply that factor to the pre-extended value of the house. For example if a regular house is 1500 sq ft and is valued at £300,000 then an extension of 500 sq ft could logically be expected to increase the value to £400,000.

However there may be quite a few reasons why both these approaches might in fact inflate the true value.

The extension may be relatively specialised and aimed at the particular needs of the current owner. Such an extension may be unappealing to many buyers, so little value increase can be expected.

The extension may incorporate bizarre or disagreeable features, such as an extra bedroom which can only be accessed through an existing bedroom. This will detract from the value of the extension.

It may have been built using materials (bricks and roof tiles etc) which are not in keeping with those used for the original build. This may confer an odd look to the property reducing its attractiveness and this can quite badly affect value.

It may have been constructed in a style or on a scale which is incompatible with the original building. For example a huge flat roofed extension to a small tradition cottage style home would cause an imbalance in appearance with the attendant reduction in kerb appeal.

It may have taken away valuable green space. If the garden was small in the first place this could have a large detrimental effect on the attractiveness of the property, particularly in the eyes of potential buyers with a young family.

The message for house sellers looking to Sell Property Fast is to be very realistic about valuation and asking price. Take into account the above factors when trying to establish the value of your extended property. The ideal extension is one which is barely discernible; a potential buyer should not be able to detect that the property has been extended either internally or externally.