Good to Know
If you have the space for it, there is a good chance you have been considering adding an extension to your property. Here is why it makes financial sense to do just that.
- You get to remain on the property you know and love. Many people move because they want more space. By adding an extension, you can create that extra space whilst staying in the property where your heart is. You not only add value to your current home but also get to avoid the hassle and costs of relocating elsewhere.
- Boost your living space. Whether you want to expand your kitchen space, add a guest suite, a home office or a conservatory, an extension will increase your living area square footage. You can add this measurement when giving specifications about the property, therefore adding to its value whether you are selling or renting out.
- Makes for good upgrades. Many extensions provide an opportunity to make upgrades to your house. From being able to install solar panels on the roof for energy savings, to obscured glazing for privacy, there are multiple aspects you can tinker with to add a more modern flair to your home that will also boost value.
- Customisation. It is hard to find a house that perfectly fits your desires in terms of layout and aesthetics. However, if you have gradually made changes to your house, turning it into your dream home, adding an extension allows you to retain the work you have already put in. You will not need to start over with new renovations and upgrades elsewhere and can continue to enjoy your investment.
Are you looking to add an extension in the following areas?
If so please get in touch with our team today.
At Collyer Construction, the same as every other building contractor, we have battled COVID, and continue to face challenges over material shortages and price increases on just about every project. Lead times are ever increasing with no respite on the horizon.
Steel prices have gone up dramatically and this has made pricing projects increasingly more difficult. The price at the time of the estimate is rarely the price that we now pay by the time that the project is off the ground. This makes for a tricky conversation with the client early on.
An interesting article below from building.co.uk that warns of more issues on the horizon. The knock on affect can only mean one thing – further price rises.
Discover easy ways to create more living space and add value to your property with an extension. Whether you extend your home upwards, outwards or into your garden, find out from Grand Designs how you can transform your home and take advantage of the latest permitted property development rights.
Double storey extensions give you double the space of a one-storey extension but you’ll spend less per square metre. Get yours right, and it might make better financial sense than moving to a bigger house. Here’s how.
(Image credit: Joakim Boren/Mulroy Architects)