When you are buying a house, you usually take into consideration the amount of space you currently require and space you may need in the future. However, requirements can often change and you may find yourself needing extra living space.
When you are faced with an issue like this, you have three options to choose from; carry on cramming things in and consider better storage solutions, move to bigger property or extend your existing house. Option one is more of a short-term solution and will not overcome the issue itself – so we’re left with moving versus extending.
Moving home may be viewed as the more difficult option, and a much larger hassle, however this isn’t always the case. An extension might seem easier, but it can be a lengthy process and you can endure many pitfalls throughout the project. Therefore, buying a new home needs to be carefully considered.
The advantages of moving home include having a fresh start, finding a perfect property that encompasses all your requirements and moving to a better area. Other pluses of relocating can include having a larger outdoor/garden space, better access to local amenities, schools, shops, transport links and much more.
However, it must be noted that there are potential downfalls of moving home too. Firstly, the upheaval of selling and purchasing can be a stressful situation. This means contacting estate agents, advertising your property, arranging house viewings, legal costs, stamp duty, property chains etc. Then there is the issue of the ever changing property market and changes in the economy that may affect house prices. This could mean your ideal house maybe unachievable price wise.
Once you have secured a new property you need to take into account monthly mortgage repayments, the cost of hiring a removals company, the upheaval to you and your family, and any work that needs to be done in your new house. It may not seem so ideal after all.
Extending Your Home
There are many factors to think about when deciding whether to have a home extensions or not.
The first thing to consider is whether you have the necessary space to actually extend your home. Common places to extend on are above garage, or to the side or rear of a property, so always check there is enough room.
Before you start work, you need to check whether you have permission to build the extension. It is recommended that you contact the local council to see if you get the plan of the ground. This does not guarantee you to go ahead, it simply confirms whether you are allow to build or not, if so it is then all dependant on the plans. These plans will need to be drawn up by qualified architects. Many contractors incorporate this service into the whole extension package. Once you have the initial plans they need to be submitted to the council for planning permission and building regulation approval (both of these have charges).
Once you have acquired approval then you need to consider the total cost for the construction work. If you are opting to build it yourself then you need to take into account the cost of materials and equipments. If you are thinking of hiring contractors, the costs should be inclusive with labour charges too. It may work out more expensive but you will have guaranteed quality and expertise. You also have to prepare yourself for your home to look and feel like a construction site whilst the extension is being built.
Other potential costs that you may incur could be hiring structural engineers, quantity surveyors and architects. It is important to note that quotes can change if potential issues are found during work. Additional costs can include a budget for decorating and furnishing the new extensions or landscaping the outdoor area according to the work done.
From this you can see that a home extension is not always easier than relocating, but you must take into account the pros and cons of buying a new house. It is crucial that you weigh out each option in depth before making an informed and final decision.