What is an extension or loft worth in Barbados?
These are works to a house
Extensions, lofts, garage conversions and annexes assume a property you can build on or into — a house, bungalow or cottage with its own footprint. None of them applies to a flat or an apartment, where the floor area is fixed and the fabric is shared. The £/m² basis below is the whole island's stock, flats included.
Space in St. Peter is asking about $6,379 per m² (36 listings there publish a floor area). Build costs below are published per-m² ranges. Neither is a quote, and value added is never the whole story — the first extension on a small house adds more than the third on a large one.
| Work | Size assumed | Likely build cost | Value that space would ask | Difference |
|---|---|---|---|---|
| Demolish and rebuild | 140 m² | $392,000 | $893,060 | +$501,060 |
| Two-storey extension | 45 m² | $99,000 | $287,055 | +$188,055 |
| Single-storey extension | 25 m² | $60,000 | $159,475 | +$99,475 |
| Loft conversion converted space, valued at 85% of the local rate |
22 m² | $38,500 | $119,287 | +$80,787 |
| Annexe or outbuilding converted space, valued at 75% of the local rate |
30 m² | $63,000 | $143,528 | +$80,528 |
| Garage conversion converted space, valued at 70% of the local rate |
16 m² | $20,000 | $71,445 | +$51,445 |
What this is doing, exactly
- Value is the local asking rate per m² multiplied by the space added — discounted for conversions, where a converted garage or loft does not fetch what new build does.
- Cost is a published per-m² range for that kind of work. It excludes professional fees, planning fees, VAT or GST, and anything the drawings show that the description does not.
- Granted is this island's own record for that kind of application. It is not a prediction about yours.
- A positive difference is not a profit. It ignores the cost of money, the months of disruption, and the fact that a buyer pays for a house, not a spreadsheet.