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Moving House vs. Home Extensions

There are various things to consider when deciding whether moving or extending your home is the better option. Each has its pros and cons. The house can become tight depending on the situation. Starting a family or home business comes with obvious challenges. Children grow quickly and toys, noise, and visits from friends can tighten the space. Many business start ups require additional space too.

Moving can be tough for everyone; sometimes extending a house is easier. This is a decision based on factors such as whether there’s room to expand. If there’s room outside, then you can usually extend your property. Cost, future plans, where you live, the type of house, and emotional attachment factor in too. Slimline Doors offers actual products which contribute to materials and energy savings, such as glazed windows and doors.

 

Deciding if Extending Is the Right Choice

The decision of extending or moving is often determined by financial considerations. Location, demand for your home, and other factors impact cost. Adding to a house may save you more in a city, but in a rural area it might not save much. Real estate professionals often say extending is more sensible from a financial perspective, as buying a new house is usually higher.

In fact, building work can be expensive and make it harder to sell a home in the future. A large, four-bedroom house with no parking or no garden, or a home with tiny upstairs bedrooms may be hard to sell. The actual cost of extending a home depends on one’s location. The type of structure being built and factors such as drainage matter too. Construction alone can be costly and there is always VAT to consider. The total cost also includes fees from architects, structural engineers, planning permissions, and regulation checks.

Homeowners who choose to extend their homes should check with the government’s rules and regulations. Some modifications require permission while others don’t. Applications can vary too, so this step is important. Also, there are often fees for extending existing homes. In the UK, there is a planning portal that helps calculate possible costs. At the end of 2012, a proposal was made to allow extensions without planning permission until 2015, but no solid perspective has emerged yet.

 

Is It Better to Move?

Adding rooms and installing glass doors and room dividers can be the right choice, but many people simply decide to move. Sometimes moving is a less stressful option. There may be no cost-benefit either way, but real estate experts say it might not pay off unless one plans to stay at a renovated house for a long time.

Moving comes with its own costs. There are estate agency fees for selling property, plus search and solicitors’ fees, stamp duties, survey fees, removal costs, and decorating expenses. The cost of moving along can be in the thousands, not to mention the cost of the house. Compare the costs of moving or extending a home. To accurately determine the price, ask for estimates on work and look into home prices, while asking local real estate agents helps too in either case.

About Funding

Going to Slimline Door’s website and contacting a representative will get you a cost estimate. For issues such as real estate prices and mortgage, you must look to lenders and other parties. The equity on your property is an important consideration if you can borrow more – experience brokers say there should be at least 15% equity on a property, even after building works, to get any kind of deal. Most experts agree borrowing is tough, whether you’re moving or extending. In some cases it can be easier to refinance a home and extend it, in which case sliding glass doors and more in Slimline’s catalog are your friend.