Irish homeowners are advised to tell their insurers if they are making plans to add more rooms to their properties. Many householders in Ireland may prefer to wait until the housing market picks up before putting their homes on the market. However, instead of waiting for prices to increase so you get a greater return on your investment, you might decide to be proactive and boost the value of your property by adding on rooms. Extra space can have a positive impact on the price of your home, which can help you to compete in a tough housing market.

One of the most common ways that householders add more space is to construct extensions, which are often used as dining rooms or lounges. Another popular way of boosting house prices is to convert lofts into living areas, while many garages are also refurbished each year and are transformed into additional rooms. You are advised to get in touch with your home insurance provider before you get started on your building plans as your premiums are likely to change in line with the alterations.

You may wish to shop around for policies that give you the best deal on your house insurance, which can vary between companies. Premiums are calculated using an array of criteria, including the numbers of rooms you have. It is important that you get a policy that covers for damage that may occur to your new rooms. After spending a considerable amount of money constructing buildings it is wise to get them protected so in the event of unforeseen circumstances occurring, you will be able to afford to replace or repair all the rooms in your home.

Getting home insurance for your newly-built rooms means that you have peace of mind should they be affected by damaging floods, fires and storms. You may like to opt for building and contents insurance, which would see many items contained in extra rooms being protected. As well as being given funds to reconstruct rooms hit by fire for example, you would also be able to replace upholstery and electrical goods.

Getting extensions included in your policy will also ensure that your goods and buildings are covered if you are burgled. Forgetting to mention to your insurer that you have added extra space may result in lower premiums but you may find it difficult to replace stolen items out of your own pocket.