Phil Spencer: Convert garage into living space

Converting a garage into living space has been recommended by one of the country's most prominent property experts.

According to Phil Spencer, who co-presents Channel 4's Location Location Location programme, this can be one of the best ways to improve the value of a home before selling it on.

He explained that this is because fewer people now have cars, which means that a garage can go unused.

"The fact is: 90 per cent of British garages don't contain a car. They are a wasted asset," he said.

"To calculate value added, multiply square footage gained by local price per square foot."

He also advised city homeowners to pave over a front garden to create a parking space, as this can potentially add a lot of value.

This kind of home improvement could add £50,000 to the price of a property for £10,000 to £20,000 of outlay, he added.

In April, Spencer told the Mirror that homeowners looking to sell up should invest in good lighting to make rooms more presentable.

Posted by David Steel  

Date : 27/07/2010
Category: Flooring home improvement news