House Extensions
“Build on or move” on is a question many growing families have asked and with the current economic downturn this question is even more prevalent as families are increasingly cautious about the costs involved with extending versus the costs of a move.
We are all aware of the cost involved with a move and the extra burden that increasing a mortgage has on family finances and yet with the unstable housing market it is not always guaranteed that buying a bigger property will eventually reap bigger rewards if you sell.
So why not extend the home you already love? Extending does naturally mean a cost however whilst avoiding all the stress of a costly move, extending means that you can control the costs to suit your budget and potentially increase the value of your home at the same time.
When deciding whether you should build on or move you may wish to consider:
• Do you wish to remain in the local area, If so are larger suitable affordable properties available?
• Could you add value to your property by extending or converting?
If you do decide that extending is right for you. It is important that you consider the following:
Is there space to extend or convert?
Research and consult a good Architect in your local area who will be able to discuss your plans and advise if they are viable. Some building contractors will be able to do this for you.
How will you fund your works and what’s’ your budget?
It is important to set a realistic budget early on and stick to it. Costs can quickly spiral out of control if you don’t set a budget and this in turn will quickly reduce the value you are putting into your property.
Will you project manage the works yourself or employ a project manager?
Consider if you have the time and indeed patience to manage the project yourself, managing a project yourself will not always keep the costs down as project managers are experienced in dealing with contractors and ensuring projects stay within budget and delivered on time.
What are the Local council regulations and planning guidelines?
Planning regulation can be lengthy, ensure that you consult your local council for advice before you start.
Do you know a good building contractor?
Research local builders, get quotes and ask for testimonials before you start. Any good builder will be up front about costs from the start and provide a quote not a estimate (be careful of hidden extras!) and will be happy to provide advice on your project. Once chosen, a good builder will be happy to provide a mutually agreeable contract that protects both parties.
Country Build can help you with all these questions, having had many years experience in extending homes
