Balconies are a great way to add value to your home. Properties with a balcony can often demand a premium. A square foot of outdoor space can be worth between 25 and 50% of the price of a square foot of indoor space, which adds a good amount to the selling price of a home.Sep 19, 2019
Can you add a second story balcony?
Building a second story balcony can be done by yourself, but it's much safer and easier to hire a professional. Working high up has obvious safety risks and if it isn't something you do everyday, it could be very intimidating.
How much value does a balcony add?
It's estimated that balconies add as much as twelve to twenty percent value to a property, depending on location, the size of the balcony, and the quality of its construction. If your apartment is worth $100,000, a balcony could boost the value to between $112,000 and $120,000, for example.Jan 27, 2021
Do I need planning permission to build a balcony?
Please note that if you want to build a veranda, balcony, decking area or raised platform in the grounds of a flat then planning permission will always be required. In addition if a building to which it relates is a listed building, then both planning permission and listed building consent would be required.