It was recently reported that comedian Ricky Gervais has doubled the price of his London home with a little help from a luxurious basement conversion!
The creator of hit TV show The Office reportedly spent £1 million converting the basement, adding a home gym, swimming pool, sauna and golf simulator to his Hampstead home.
Bought for £3.4 million in 2006, the house is now up for sale for £7.75 million.
At Broadoak we often speak to clients who are looking to add value to their homes by investing in a basement conversion.
Having said that you don’t have to spend a six-figure sum to add serious value to your property!
Take a look at some of these popular ideas for converting your basement, which could also stand to make you a real profit when you come to sell up.
- Home office
- Extra bedroom
- Small apartment
- Fitness room/home gym
- Games room
- Kids playroom
- Home cinema
When thinking about the function of your cellar conversion, consider whether the renovation would appeal to other people or not. For example, installing a swimming pool might seem like a good idea, but a pool can actually make your home harder to sell. High operating costs will be off-putting to most buyers, while families with young children may consider them a risk.
Versatile conversions are often the most attractive to potential buyers – living spaces often work well and hold the greatest value when you come to sell. Game rooms, play rooms and extra living rooms are all great ideas when converting your basement.
If you’re looking to convert your basement then why not request a professional unbiased survey with Broadoak today. Get in touch with our friendly team today on 0161 962 1623 or via [email protected]