Is It Better to Extend or Move?
There are many reasons for needing more space in your home. From growing families to converting games rooms, there are various reasons why people choose to extend. But is it best to move or extend?
Deciding between the two can be tough, and you must consider which is financially the right option for you and your family. Before jumping into either of these options, you should do your research, estimate costs of both and which works best for your plans for the property.
Should I Move House or Extend 2021?
If you’re wondering whether you should move or extend your current property, we have some advice to help. At Detailed Planning, we have outlined the pros and the cons of both to help make choosing between extending and moving easier.
Things to Consider When Moving
When it comes to moving home, there are many things to consider. From removal vans to needing new furniture, the cost of moving can be quite drastic. Especially if you’re planning on upscaling, it will of course mean that the house price will be a lot more, plus any additional fees such as stamp duty, mortgage advisors etc.
You should consider the following points prior to moving home:
- The cost ie. your new mortgage, stamp duty, mortgage advisors, removal companies etc.
- How much work you will be doing to make it your own
- The completion date of the sale – This could set you back 3 months+
- It is possible that you won’t find exactly what you’re looking for – Prepare to compromise
- You may need to invest in the property to make it your own
These points are just some of the factors to take into consideration when weighing up whether you should move home or extend your current property. Like with many things, change costs.
So, if you’re considering moving home over extending, you should be prepared for the extra costs. Especially if you are moving to a property with a higher value, this will naturally mean that things like your new mortgage and your stamp duty will be more.
As always, we strongly recommend considering both moving and extending before jumping into a decision and weighing up what’s best for you and your family.
Things to Consider When Extending
Although extending may seem like the more challenging option, it is highly rewarding. You can see your home go from strength to strength and build and design it exactly how you want. From extensions to garage conversions and basement conversions, there is so much opportunity to extend your home. Not only that, but you should also consider that if you were to move, how much work you would want to do on that property too.
Some of the main things to consider when deciding between extending and moving home are:
- The work you will be doing and the estimated cost
- How much you will be changing
- The distribution it could cause and if you’re flexible to work around it
- You will be able to remain in a home that’s full of memories, your life and comforts
- You will be able to stay in your home and design it to suit your exact needs
Extending is by far more popular for those who wish to stay where they are and keep their memories alive whilst creating a space that’s completely suited to them.
Choosing to extend your current home will open up so many possibilities and opportunities for improvement. Be it new rooms or improving the space you currently have, there is always room for expansion!
If this sounds something like you would like, then let our experts at Detailed Planning help. Simply contact us to discuss your needs and requirements.
For House Extensions Choose Detailed Planning
Our experts at Detailed Planning will be happy to discuss your requirements. From making the most of your space to creating a new room/s that are perfect for your family and lifestyle, we have you more than covered.
Please waste no time and be sure to get in touch with us today to find out more about our services. From advice and information to answering any of your queries, we will be on hand and happy to help.
