A home extension not only provides you with the extra space you need, but can add value to your home. It can be a cheaper alternative than moving, although you should check to see that the extension would add more to the value of your home than the total cost.

Any extension should be planned to maximise the usable space, obtain natural lighting and to add value. An architectural practice could be employed to get the most out of the proposed space, and design the most value into the extension. In addition an architect could project manage the building works and ensure the development runs smoothly and on time.

You will be surprised how an extension to the kitchen or living room can transform the space and feel of your home. The conversion of the roof space can also add space and value without significantly or adversely altering the appearance of your home.

If you are considering an extension of any kind it is advisable that you employ a surveyor to provide a valuation of your home in its existing condition and once the proposed extension has been carried out. A valuation will enable you to establish whether the extension is or is not viable on pure financial terms.

It is possible that you are not considering the improvement in value compared to the cost of the extension. In this case the extension will be for the added benefit the space will produce, rather than for any financial profit from the addition. Remember that your circumstances can change so the improvement in value would be worth considering.

We would suggest using the following checklist to aid the decision whether to move or extend.

Costs Of Extending

• Architects’ fees
• Structural engineers’ fees
• Council planning permission and Building Regulations consents
• Building works
• Fixtures and fittings
• Furnishings

Costs of Moving

• Estate agency fees
• Land charges and searches
• Stamp Duty
• Surveyors’ fees
• Removals
• Storage

There will be other costs, so both will require good contingency provisions. If space is needed quickly it may often be quicker to move rather than waiting for all the appropriate consents to be obtained and for a suitable time to start building.

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