Both seem like viable solutions so, in our latest post here at R.G. Gill & Son, we weigh up how home extensions compare to moving home altogether.
1. Reduced Costs
There’s obviously a cost involved in moving a larger property – but aside from the difference in price between your existing property and the one you’d move into, there’s the added costs of removal companies, changing utility contracts, estate agency fees, stamp duty, and numerous other costs.
However, if opting for a home extension for a larger kitchen, double garage, downstairs bathroom, extra rooms upstairs or more living space at the rear of the property, then paying for an extension to be constructed for these additions is often far more cost effective.
2. Ability To Customise Your Home
One of the pitfalls of browsing the property market is quite often struggling to find exactly what you’re looking for – you find a property with four bedrooms but one’s too small; the en-suite doesn’t include a bath; the large kitchen encroaches too much on the garden; you don’t like the conservatory.
Everyone’s tastes are different, which is why an extension can be far more advantageous, allowing you to add what you feel is truly missing from your home exactly to your specifications – without the need to compromise or make changes anyway later down the line.
3. Potentially Increase Saleability/Market Value
A three-bed transformed into a four, two bathrooms and an en-suite instead of just one – these kinds of additions to your home can only serve to make it more desirable, particularly if it makes your home stand out from the norm in your area or on your street. You could end up with a home that’s more desirable, has improved saleability and could (potentially) sell for a higher amount.
Be aware that all properties in an area generally have a ‘ceiling value’ (a maximum people are generally willing to pay) and people’s tastes do vary, so you’re never guaranteed to increase your home’s value. The most important thing is that your addition suits you, your family and your home – go for something you need or really want.
If you’re considering home extensions to make the most of your property rather than moving out altogether, then we here at R.G. Gill & Son can help. With years of experience in the trade, and a wealth of expertise you can trust us to provide a reliable and high quality service in line with your budget, needs and property.