The results of the consultation have yet to emerge but there has been some resistance to the idea. To get an idea though, you could ask for estimates on building work and add that to the current value of your home and see what sort of properties you could buy for a similar budget.
Even if you plan to live there for a long time, you will want to avoid spending a lot of money on expensive building work that makes it harder to sell.
The cost of an extension depends on where you live, what kind of structure you decide to build, how complicated unavoidable matters such as drainage are and, of course, how big it is going to be.
As a result, Brendan Cox, managing director of estate agents Waterfords, based in Fleet, Surrey, believes buying is a better option for many people.
You could also chat to local estate agents to get an idea of what kind of extension, if any, would appeal to buyers in your area.
So should you move somewhere bigger, or extend your house to make it large enough for you and your activities?
A four-bedroom family house To what extent is the house no garden or parking, or a house with large living space downstairs and tiny bedrooms upstairs, could be problematic if you need to sell in the future.
Linda Nylind for the Guardian For a lot of households, there comes a time when your home becomes a bit of a squeeze. In some situations the decision is, of course, made for you. Finding funds Unless you have the cash to pay upfront how realistic either option is could come down to one thing: If you live in a flat with no garden, there is little chance of making it bigger.
Or perhaps a burgeoning business means a home office would be a preferable to the kitchen table, if only to keep butter off the paperwork. Comparing the costs of moving and extending your house is not an easy task. But if you have a house with outside space or a loft with enough headroom, extending your property becomes real possibility.
You will need a substantial amount of equity in your property before you can consider borrowing more. Moving The costs involved in building an extension are undeniably substantial, and going through building work can be wearing.
At a push, it might be easier to refinance to extend your own property, as buying incurs costs which might impact the size of your deposit.
There might be extra costs involved if you need to manage without a kitchen or stay elsewhere while the work is done. However, the final result needs to be a balanced, rational home. Maybe growing children are filling the house with their friends, toys and noise and making the rooms seem smaller than they used to be.
Whether it makes more sense to move or to extend depends on a number of different factors — the costs involved, your future plans, how emotionally attached you are to your house, the area you live in and the type of house you have. Share via Email Before you call in the builders to extend your home, consider whether moving to a bigger property would be a better option.
The calculator on the Planning Portal website will help you work out potential costs.
Unless you are sure you are going to stay for a long time, it might not make sense. Proposals were made at the end of to relax permitted development rights, so that, for example, larger extensions could be built without the need for planning permission until Extending Your location, and the level of demand for your type of home, could make a big difference to the financial implications of extending versus moving.Skint Katie Price ‘living part-time’ at Kris Boyson’s home after full extent of her financial crisis is revealed.
publicly available on Companies House, the company owed £, to. Extending Your House To Add More Bedrooms 0 comments Extending your home instead of moving is both useful and financially viable provided you do your research and take your time planning.
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To the extent that or to such an extent that can also be used to say that something is true to a very extreme degree. He was fearful to the extent that he refused to leave his house. [=he was so fearful that he refused to leave his house]. Is it better to move or extend your home?
However, the final result needs to be a balanced, rational home. A four-bedroom family house with no garden or parking, or a house with large living.Download