To Extend Or Not To Extend That Is The Question…
Property extension is one of the most popular home improvement projects and can have a dramatic impact on not only the amount of space in your home but also to the value of your property. However adding a property extension is no small project and there is likely to be a lot of planning, time and even costs involved. In this blog we will walk you through some of the basics to help you decide if adding an extension is right for you.
Whatever the reason whether you have had a new addition to the family or perhaps you now work from home your property needs have outgrown your current home. There are a few options, the first is to sell up and move house, however this can be very expensive and might not necessarily be the best option for you with the current state of property market. Agent fees, stamp duty, moving costs and also the extra money you would have to pay for that extra space that you require make the second option of extending your current property a very attractive one. Although initially can be costly depending on the quality of the materials and size of the project, done right a well thought out and professionally finished extension is likely to add value to the property and therefore make you money in the long run.
Planning a large scale renovation project such as a house extension can be complicated and time consuming and there are a many things to consider before starting the project from strategic things such planning how deliveries and construction vehicles will access the property, to making sure you adhere to regulations such as Party Wall regulations and planning permission. With so much to consider many homeowners choose to get a project management company such as Byoot to help oversee the project, giving homeowners the reassurance and peace of mind, preventing the likelihood of expensive mistakes like not obtaining the correct planning permission and overrunning project timescales.
Another benefit of choosing to add an extension to your home instead of moving, is that you don’t necessarily need to have all the cash in the bank, it might be possible to borrow money in order to finance the extension, making it a much more achievable solution for many homeowners. There are many ways to borrow money depending on how much you require, if you are looking for a small amount to top up your existing cash savings an interest free credit card might be a good option however if you are looking to borrow a larger sum of money a loan or even remortgaging your home might be a better option for you.
In summary then, moving house and extending are both viable options for homeowners however for many adding an extension onto their existing property gives them more flexibility, more choice and can often be a more achievable way to gain a bigger home and more living space.
If you are looking for some help with a property renovation or build project we can help. Byoot provides a full turnkey solution to our clients, from planning, architects, structural engineers, building control and the build, leaving our clients to focus on their day jobs while we do ours. If you are thinking of extending, renovating or improving your home speak to one of the team on 0208 4509185 or send us an email at email@example.com