Converting a garage to provide extra living space could raise the value of a property, it has emerged.

By making garage space inhabitable, homeowners could elevate the price of their house, with homeowner loans a possible means of financing such efforts.

Dave Mitchell, technical director of the Home Builders Federation, suggests that the benefits could be greater in some areas than others.

"You can go to some areas and it would add value, and you could go to other areas and it wouldn't," he observes.

And for those who need the extra space to provide accommodation for an elderly relative, he advises that the reasons may supersede concerns about the monetary outlay involved.

"In that sort of situation, I don't think cost would come into it so much as needs," Mr Mitchell proposes.

Homeowner loans can provide funds for a range of purposes, with borrowing secured against the property which belongs to the applicant.ADNFCR-1287-ID-18326143-ADNFCR

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