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Basement conversions: all you need to know about digging down

If you have extended up and out, now’s the time to turn your attention downwards.

The good news is basement conversions can add between 10-15 per cent to your property’s value, according to Savills.

They can add much needed living space, or even be rented out as a separate flat, making them a nice little earner on the home front. More visionary homeowners (with deeper pockets) might opt for underground parking, cinema rooms or gyms, making their properties iceberg-like, with more space below ground level than above.

OnTheMarket plc (LON:OTMP) provides property search services for buyers, sellers, landlords, and tenants in the United Kingdom.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.