You’re definitely not alone if you’re feeling like you need more space in your home. There are a number of reasons why people might need additional space, such as recreational purposes, a fast-growing family, or a change in lifestyle. The only options you have are to either relocate to a bigger house or extend your current home to get the additional space you require. This article details some of the benefits of extending your home to help you come to an informed decision.
Cheaper than Buying a New Home
Most people feel like buying a new home will be easier than the tiresome task of adding extra rooms and refurbishing their existing home in search of more space. But while buying a new home will indeed save you the hassle, have you considered the cost? The house extension cost is often less than the cost of purchasing a new larger home.
There are also additional costs that you will incur when relocating to a new home, such as moving expenses and stamp duty. In addition to saving your money by opting for an extension, you also won’t have to worry about the stress of trying to find a buyer for your property.
Add Value to Your Home
A well-planned home extension will increase your home’s worth if it matches well with your home’s design. Home upgrades improve the market value of a property because they’re designed to solve the imperfections that can affect a person’s comfort while living in the house. Fewer flaws mean that an improved house will be more attractive to buyers. An increase in square footage is also a big contributor to the rise in market value.
Unlike buying a new home and starting all over, you can turn your existing house into the home of your dreams with an extension. Home extensions make it easier to change the parts you don’t like about your home and create the amount of space you need while putting all your requirements into consideration. You’ll be able to keep what you want and improve on what you don’t like to get a perfect blend. Other people who share the home with you can also add their design ideas, ensuring that the result will be satisfying for all.
No Need for Planning Permission
Another benefit of home extensions is that they’re permitted developments. Permitted developments such as home extensions don’t need planning permission from your local council. Planning permissions are known to be one of the significant barriers that keep projects stagnating or taking too long before commencing. A home extension can, therefore, save you time and resources, as you’ll be good to go once you’ve made the decision to extend.
Availability of Renovation Loans
Lending institutions are always ready to offer renovation loans to cover the house extension cost. You’re also more likely to get enough money for the extension through renovation loans. Most lenders will use the final value of your home after the extension to determine how much you can borrow.
This Home Extending guide will defiantly help to the homeowner for improving their home values and as well as extend home perfectly. As the technology improves the internet becoming the ocean of knowledge, use a search engine to search home extension and Benefits of Extending Your Home, etc.