Building home extensions can be considered as a good way to get the additional space that you need without having to go through the hassle and paying the huge expenses of buying a new home that suits your needs and new preferences. Additionally, some homeowners also choose to build a home extension in order to add value to their home and be able to sell it for a much higher price. In this article we will discuss the different things that you need to consider as well as some tips regarding home extensions. But before that, this article will first discuss why it is cheaper to extend your home instead of buying a new one.
First, selling your current house and purchasing a new one will involve costs for advertising as well as the sales commission of real estate agents when they have successfully sold your home. Aside from that, when you purchase a new home, you will also be charged with stamp duty by the government. When you plan to have a new house built for your family, you have to consider costs for the land, the materials, as well as the new home builders who will work on the project. Additionally, transferring your pieces of furniture and other stuff from your old house into the newly built one will also cost additional money for the pack-and-move service of removalists.
With the mentioned costs you can now deduce that extending your home is in fact much cheaper than transferring to a new home. However, you must also take into consideration several things before planning to have a home extension. Some of these include your current community, school district, and your property in general? If your answer is “yes” which makes you want to stay in your current home, and your only concern is the insufficient space, you might want to consider getting a home extension.
During this process you will have to constantly ask yourself questions. How much is your budget for this home improvement? Do you have enough money to consult with a residential architect and other building professionals who can provide you with proper guidance on this project? What are the risks and implications when you exceed your allotted budget? Will the home extension that you want to make still allow you to live in the same house even while the construction is ongoing? If not, do you have a place to stay during the renovation? Only after you have answered these questions will you be able to make an informed decision.
Once you decide you want to extend your home be careful to take into consideration all the factors you can think of. Be realistic when it comes to the home extension that you want to have. Consult with your residential architect whether or not your budget and the structure of the house will allow you to achieve your desired outcome. Start with the project only if you are confident that you have sufficient funds to finish the home extension. When planning your budget you should consider including the costs for the new pieces of furniture and the decorations that will furnish the added space when the project is done, though this can be put off.
To be on the safe side, only hire luxury home builders Brisbane and other professionals who are experienced in the field and in that particular type of project such that you will be able to obtain the highest level of satisfaction. When done properly an extension is an investment that can really pay off.