Should You Build an Extension or Move House? Four Signs It's Time to Extend
You've outgrown your current home. Now, you have two options: you can add an extension or move house. Here are four signs you should choose the former option.
1. The Cost of a New Mortgage Is More Than the Extension
From a budget perspective, you need to compare the cost of moving house to the cost of building an extension. Moving house is the cost of your new home, minus the sale price of your current home, plus any additional expenses related to moving. The cost of the extension is just the quote that the builder gives you, plus any additional expenses you might incur.
2. You Don't Want to Spend Time Dealing With Real Estate
Moving house is a time-consuming process. You have to meet with real estate agents and spend a lot of time looking at new homes. At the same time, you have to keep your existing home clean and tidy so that potential buyers can look at it. If you decide to represent yourself in the sale, you have to search for a home on your own plus deal with all the marketing involved in selling your current home. Then, of course, you have to pack up and move.
If you don't have that kind of time, an extension may be the right option. With an extension, you have to meet with a builder or designer. Once you've honed in on the details, you can sit back and let the professionals handle the work.
3. You Want a Personalised Living Space
Looking for a new home can be a lot of fun, and you might find a home that you absolutely fall in love with. However, if you have specific features in mind, you may want to opt for an extension. A builder can help you customise the extension so that it works for your particular needs.
4. You Love Your Current Home
When making decisions like this, it's important to consider more than budgets and logistics. You also have to take into account how you feel about your current home. If you brought your babies home to that home, if it's the first home where you had a dog or a home that belonged to your grandparents, it may have a lot of sentimental value. In cases like that, you may want to opt for an extension rather than moving.
To talk more about home extensions, contact a builder today.