Extensions Bristol
Four reasons why extending your home makes more sense than moving
January 25, 2021
Four reasons why extending your home makes more sense than moving There comes a time for many households when your home starts feeling like a bit of a squeeze. Perhaps those two tiny babies have become strapping teenagers and suddenly take up a lot of space. Or maybe a booming business needs to move from the kitchen table to a fit-for-purpose home office. Whilst buying a new house is one option, there are some compelling arguments for extending your current home instead. Here are four reasons why improving is a better idea than moving.
1. The cost of buying far outweighs the cost of building
Choosing to extend your house is usually more sensible from a financial point of view. If you need a bigger house but want to stay in the same area, buying a new one will generally cost a lot more than extending the one you currently have, depending on where you live and the level of demand for your type of property. Extending will also usually come with a fixed price, whereas moving is harder to budget for and could end up costing a lot more than you think.
2. It’s a sound medium-to-long-term investment
Even small house extensions can give you a good financial return, so it’s worth looking at it as an investment in your future. As house prices double approximately every ten years, your house extension will more than pay for itself: one survey found that the average return on investment is 71% and the average amount of profit generated by an extension is £14,000.
3. It can add value in ways that aren’t just financial
Whilst the money side of things is crucial to your decision, extending your house can offer value in ways that aren’t only about the cash. For example, if you enlarge your kitchen to include a dining area and add an extra bedroom above, could you fulfil your dream of spending more time together as a family, as well as being able to invite more people to stay? Extending can change your life whilst enabling you to stay in a home you love.
4. It’s less upheaval and stress in the long term There’s no doubt that extending your home essentially means you’ll be living in a building site for a few weeks. However, building contractors always try to minimise the disruption as much as possible and, once the building work is over, you’ll have a stunning new home to enjoy. There are many more unknowns to cope with if you choose to move, on top of the stresses of packing, unpacking and finding your feet in an unfamiliar area. The short-term disruption of having builders in your house will reap many long-term
