Will a home extension add value to my Melbourne property?
Short Answer
Quality home extensions typically add 70-90% of their cost in property value, with well-designed luxury extensions often exceeding 100% returns in prestigious Melbourne suburbs.
Long Answer
A well-designed, quality home extension typically adds significant value to Melbourne properties, often returning 70-90% of the investment cost, and sometimes exceeding 100% in prestigious suburbs. The key is ensuring your extension complements your home's existing character whilst meeting current market expectations for luxury and functionality.
Extensions that create highly desirable spaces tend to offer the best returns. These include open-plan kitchen and living areas, master bedroom suites with ensuites, and seamless indoor-outdoor entertainment areas. In Melbourne's competitive property market, homes with thoughtfully designed extensions often sell faster and command premium prices.
The value added depends on several factors: the quality of design and construction, how well the extension integrates with existing architecture, the desirability of added features, and current market conditions in your suburb. Premium extensions with luxury finishes and superior craftsmanship, like those we specialise in, typically deliver stronger returns than basic additions.
Our team can provide guidance on extension designs that maximise both your enjoyment and property value, ensuring your investment delivers excellent long-term returns.