How to add value to your home
The value an extension will add to my house depends on the house and local area. If the local area is already very expensive, an extension is unlikely to add any value. If house prices are low, then the additional living space that you will have after building your new extension might allow you to sell it for more money than otherwise would be possible if there was no house expansion done. An extension will add value if the house is in a house area where house prices are already high and if the local people can make use of all the added space.
Is having an extension cheaper than moving house?
In deciding on a house extension, there is the obvious choice of moving to another house rather than go through the hassles of extension, especially complex ones requiring permissions, architects and structural engineers. Is it cheaper to extent or move? This will depend on a house extension and its size, style and how much work it will take to alter the house accordingly.
We all have those friends who just seem to get lucky when they move house. Whether it’s being able to afford more for their budget, getting a great deal at auction or even buying somewhere that needs less renovation – we think ‘I could never buy something like that! I wish my luck was as good as theirs’.
And house moving is always one of those things that people think they can save money on, but the reality seems to be that it costs you more in the long run, unless your house moves with extension attached! That way you are able to build an additional room onto your house and not have to move house – less hassle and even cheaper if done right! Even better? When we say ‘additional room’ we mean anything from a conservatory or sunroom through to another bedroom. And there are some good reasons for doing so:
Will Neighbours extension devalue my house?
No one can say for sure whether an house extension plan would make your neighbours house look less attractive either way. It might not be very nice living next door to someone with a large building project going on though, so take this into consideration before deciding what route is best for your property! House Extensions are unlikely to devalue your neighbours home unless there is already a considerable difference in price between yours and theirs.
Do you need your neighbour's permission for extension?
Yes, to provide notification of the house extension you are having built it's important that all neighbours within a certain distance know about your plans. This is very much an individual decision and not one that should be taken lightly as there may well be complaints from people who live nearby if they feel their privacy has been invaded or they lose sunlight to their property.
Is having an extension stressful?
Having an extension can be stressful and it's important to make sure you take a few things into consideration. For example, how much work is it going to be and where will everyone sleep? There aren't always straightforward answers but if your house sits in a conservation area or is within the green belt then this law applies and you may not need planning permission depending on the size of your extension etc.