Homeowners often find themselves in the difficult situation of needing more space at home. Whether this is adding to the family, working remotely/starting a business from home, needing extra space for guests or simply outgrowing your existing space, you might want to consider an extension instead of putting your house on the market. This article will explore why this an extension could be a better option than finding a new house.
Cost Effective
The most obvious benefit of an extension is that it is more cost-effective. Having an extension built will come at a cost and these projects can be expensive, but it will be a lot more affordable than moving. Moving home will always be a major cost (especially when upsizing) when you consider getting a new mortgage, decorating and furnishing and other costs involved in moving.
Add Value
Another financial benefit of an extension is that it will add a significant amount of value to your home. Adding an extra bedroom could add as much as 20%, so an extension can be a smart financial move in addition to being a way to extend your living space. It is always worthwhile finding ways to add value to your home whether you have plans to sell or not and an extension is one of the best ways to do this.
Bring Your Ideas to Life
An extension is also a chance to be creative and bring your ideas to life. If you enjoy watching property shows on TV and have an eye for interior design then an extension is an exciting opportunity to be creative and improve your living space. You can tailor the room to your own needs and design from the design stage, but if you plan on doing the work yourself then you will need to make sure that you have renovation insurance in place for financial protection.
Stay in the Area You Know
An extension also allows you to stay put and avoid the major upheaval involved in moving. There is always risk when moving home, but this is not an issue when you extend your living space at home. If you like where you live and have a good lifestyle, an extension is a smart solution that will minimise disruption to your life.
As you can see, an extension makes a lot of sense and can be a much better option than moving home both financially and in terms of your lifestyle.
