Skip to main content

Is it better to relocate or extend your house?

Is it better to relocate or extend your house
For a lot of houses, there comes a time when your home suddenly appears smaller than before. So should you move somewhere more prominent, or extend your home to make it big enough for you and your regular activities? If you live in an apartment with no garden, there is almost no chance of making it bigger. But if you have a beautiful house with extra outside space or a loft with sufficient headroom, extending your property becomes a reality. This blog discusses the pros and cons of extending and moving.

Extending
Your current location and the level of demand for your type of house could make a massive difference to the financial inference of extending vs moving. Digging under your house to add a basement in high-value areas like London can be a great idea. The reality is that if you get house extensions in South London, it is often reasonable to do so from a financial point of view.

However, the final result must be having a balanced home. A four-bedroom house with no garden or parking, or a house with ample living space downstairs and tiny bedrooms upstairs, could be troublesome if you want to sell in the future. Even if you are looking forward to living there for a long time, you would want to avoid spending an amount of money on the expensive building work.

The house extension cost depends on where you live, the type of structure you want, how complex unavoidable matters like drainage area and, of course, how large it is going to be. The UK government's Planning Portal lays out the laws and defines what is permitted without planning permission, along with minute details on how to apply if needed. The calculator on the Planning Portal website helps to work out potential costs.

Moving
Moving house is the other alternative if you need more living space. Moving house seems a more viable option, and helpful if you do not plan to commit or stay in a property for the long-term. The home extension costs are one-time and cheaper, whereas buying a whole new house is an expensive option for many.

If you decide to go against a house extension in South West London, there are many expenses to consider if you plan to relocate. The rising house costs of buying and selling the London property are highly dynamic and not in favour of moving. The main expense you'll be hit with is the deposit for your home. Depending on whether you pay a 5% to 20% deposit, you could be spending a high value. On top of this, you also need to pay for a property survey, conveyancing fees, estate agents fees, stamp duty and the removal company. 

The Verdict
Moving is a highly stressful time and uprooting your family away from friends, and the local area could be detrimental in the long term, as well as financing the costs. On the other hand, home extensions is a viable option to have ample space in your current house without any added fees but the extensions to your own house.

Comments

  1. hanks for your great information, the contents are quiet interesting.I will be waiting for your next post.
    Loft Conversion in Wimbledon

    ReplyDelete

Post a Comment

Popular posts from this blog

10 Things You Must Do Before Refurbishing Your Property

10 Things You Must Do Before Refurbishing Your Property Introduction Home is the place where you wish to be with all your heart. We love to retain the home in all its old glory. But, sometimes it becomes necessary to renovate and refurbish it. The existing structure of the house can be upgraded in a way to match the current trends and provide the best of facilities. It improves the usability and the efficiency of all the available resources. This can be done in the best way through property refurbishment in South London. Things You Must Do Before Property Refurbishment Property refurbishment is a technique which is adopted by most of the people who want to modernize and upgrade their houses without buying a new one. Some of the essential things to be done before refurbishing your property are: Know what exactly you want: Define your requirements according to your needs. Plan a budget: It is essential to know your finances and not get burdened by the property refurbish

5 Smart Tips for Adding Style to Your Loft Conversion

It might be tucked away in the roof, but your loft conversion in Southwest London doesn’t have to settle on an outdated style. Yes, you will have practical consideration such as reduced headroom, sloping ceilings, and access points to consider, but with the smart tips below you can also build a beautiful space. 1. Make Your Loft a Feature Room Your loft space can be remodelled up to a point. However, you will have to work with specific features like sloping ceilings, roof beams and other structural elements. Rather trying to hide all these features and build a square box, use them to offer some character to your loft room. 2. Go for An Open Plan En-Suite Adding even a small bathroom to your loft conversion will enhance the value of your property. The answer is to go for an open plan en-suite, making the bathroom a feature of your bedroom. Of course, you’ll want to hide away the toilet, but this can be done with clever use of opaque glazed walls or partitions.

5 Signs Your Property Needs a Refurbishment

Signs Your Property Needs a Refurbishment As property owners, we often walk the fine line between maintaining our spaces and recognising when they need a little extra TLC. Whether it's for residential or commercial purposes, properties can start to show signs of wear and tear over time. Knowing when it's time for a refurbishment can save you from potential headaches down the road. Here are five key signs that your property might be due for a makeover. 1. Visual Wear and Tear: The most obvious sign that your property is in need of refurbishment is visible wear and tear. Cracked walls, chipped paint, or worn-out flooring not only detract from the aesthetics of your space but can also indicate underlying structural issues. In bustling areas like South London or West London, where properties endure constant use, these signs may be more pronounced. Investing in a refurbishment can breathe new life into your property and enhance its overall appeal. 2. Outdated Fixtures and Appliances