Why is Now a Good Time to Extend Rather Than Move?
*This is a collaborative post
Across the UK, the housing market is experiencing a boom, with house values being the highest they have been in several years. This is great news for those wanting to sell their homes, but this is balanced by the cost of buying a new property at higher prices. For many homeowners, the wise choice would be to extend rather than sell, to add further value to their property. This can be used to buy a larger house or generate more money to renovate a new home too. If you want to be smart with your money, now is the time to extend rather than sell…
Typically, an extension can cost upwards of £45k (+VAT), depending on the size and type of extension you choose to extend your property with. The most popular type of extension is a rear extension, which extends your home further back into your garden space. If you do not have much garden space already, you may prefer to opt for a side return extension, which
uses the dead space down the side of your property, increasing the width of your home. If you are lucky enough to have the space for both extension types, you can have a wrap around extension that can add lots of new space to your home. A wrap-around extension costs upwards of £65-70k (including VAT). The architects at Simply Architects have designed many different home renovation projects, including many rear, side, and wrap-around extensions for properties of every type and size!
There are many benefits to extending your property outside of increasing the value of your home. Many people choose to move house when they outgrow the space they are living in.
With an extension, you can add lots of space to one of the main areas of the home that can turn into a bottleneck as children grow up. You can create extra space in your kitchen area with a kitchen extension, allowing you to have an open-plan kitchen diner and new living area. This can make all the difference when you are preparing dinner in the evenings or rushing to after school clubs and trying to run around finding the right equipment or clothes!
It is difficult to find the perfect house when you decide you want to move, with every family having different needs that they need their new house to meet. When your architects design your new extension space, they can tailor it to your exact needs and preferences. This can include creating a downstairs bathroom, new pantry cupboard, or utility room! This is a level of personalisation that cannot be matched when moving home, and another reason why extending your home could be better suited to your needs than moving house.
So, what are you waiting for? There has never been a better time to extend your home, whether that is to boost your house value or create much-needed space for you and your family.
