{"id":1592,"date":"2017-04-05T10:27:47","date_gmt":"2017-04-05T10:27:47","guid":{"rendered":"https:\/\/staging.mpklofts.co.uk\/wp54\/?p=1592"},"modified":"2021-05-17T08:31:42","modified_gmt":"2021-05-17T07:31:42","slug":"should-you-extend-or-move","status":"publish","type":"post","link":"https:\/\/staging.mpklofts.co.uk\/wp54\/blog\/should-you-extend-or-move\/","title":{"rendered":"Should You Extend or Move?"},"content":{"rendered":"<p><a href=\"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-content\/uploads\/2017\/03\/pexels-photo-279607.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1593\" src=\"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-content\/uploads\/2017\/03\/pexels-photo-279607-440x300.jpeg\" alt=\"home extension open plan\" width=\"640\" height=\"425\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">There is no definitive right or wrong way to approach this dilemma and much depends on your personal circumstances. However, should the conditions be right, most people opt to extend their home rather than move out entirely. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is mainly because there is far less risk and hassle involved, not to mention the reduced cost of doing so. If you\u2019re still undecided, we\u2019ve put together some deciding factors to consider before making a decision.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Is an Extension Viable?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Although most conventional extensions won\u2019t require planning permission, specialised advice should be sought at this stage. This is especially the case if building a new kitchen, bathroom or en-suite bedroom that require specific plumbing, electric and heating. The HomeOwners Alliance website has more information on planning regulations <\/span><a href=\"http:\/\/hoa.org.uk\/advice\/guides-for-homeowners\/i-am-improving\/do-i-need-planning-permission\/\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">. \u00a0 \u00a0\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-content\/uploads\/2017\/03\/pexels-photo-280209.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1594\" src=\"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-content\/uploads\/2017\/03\/pexels-photo-280209-440x300.jpeg\" alt=\"bathroom renovation\" width=\"640\" height=\"427\" \/><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">Practical Considerations<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The primary reason for a house move or extension is a lack of space in your current property. Growing children is usually the main cause of this, or perhaps wanting to create a home office. Either way, you must consider if an extension provides enough space to satisfy these requirements. If not, moving property may be the only viable option.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Cost Factor<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As you\u2019ll need a bigger home, the current property value isn\u2019t likely to cover the cost of the move. This excess will have to be added onto some or all of the following payments:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">House deposit<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Stamp Duty <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Mortgage <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Estate Agent, valuation and legal fees<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Removal and redecoration <\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In comparison, an extension is far likelier to cost less. Depending on your requirements, a rough estimate of a single-storey extension would only be around <\/span><span style=\"font-weight: 400;\">\u00a31,000 &#8211; \u00a31,500 per m\u00b2. However, additional payments for the electrics, insulation, roofing, plumbing and furnishings must also be factored in. \u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Extension Value<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">An extension can be counted as an investment as well as a financial outlay. They\u2019re estimated to add anywhere between 10-20% onto the property value, meaning the average UK home price of \u00a3240,000 could be increased by an impressive \u00a348,000. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you do decide to sell in the future, building an extension now could really be worth it in the long run. \u00a0They\u2019re especially favoured by buy-to-let investors who look for properties with as many bedrooms as possible, especially those with an en-suite. <\/span><\/p>\n<p><a href=\"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-content\/uploads\/2017\/03\/32758636245_be453b39d9_o.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1595\" src=\"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-content\/uploads\/2017\/03\/32758636245_be453b39d9_o-440x300.jpg\" alt=\"room renovation\" width=\"640\" height=\"480\" \/><\/a><br \/>\nImage Credit:\u00a0Kevin Hale on Flickr<\/p>\n<h2><span style=\"font-weight: 400;\">Flexibility<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A house move is not only one of the biggest life choices you\u2019ll make, but also irreversible. With an extension, there\u2019s nothing to stop you moving out in the future in any case. And furthermore, you\u2019ll now receive a higher sale price. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If when reading this article, you\u2019re torn between an extension or house move, evaluate what\u2019s best for your personal circumstances and budget, factoring in all the expected costs of both routes. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember to use a building company who offer a free quote as well as a detailed explanation of the planning phase. There should also be assistance in gaining approval from the local council so you stay in line with official building regulations. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019d like a quote on your potential extension, <\/span><a href=\"https:\/\/staging.mpklofts.co.uk\/wp54\/contact\/\"><span style=\"font-weight: 400;\">get in touch today<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re not convinced by an extension, find out <\/span><a href=\"https:\/\/staging.mpklofts.co.uk\/wp54\/blog\/how-an-extensionloft-conversion-can-keep-the-peace\/\"><span style=\"font-weight: 400;\">how they can keep the peace<\/span><\/a><span style=\"font-weight: 400;\"> in a growing family.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is no definitive right or wrong way to approach this dilemma and much depends on your personal circumstances. However, should the conditions be right, most people opt to extend their home rather than move out entirely. This is mainly because there is far less risk and hassle involved, not to mention the reduced cost [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52,54],"tags":[],"class_list":["post-1592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advice","category-extensions"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-json\/wp\/v2\/posts\/1592"}],"collection":[{"href":"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-json\/wp\/v2\/comments?post=1592"}],"version-history":[{"count":2,"href":"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-json\/wp\/v2\/posts\/1592\/revisions"}],"predecessor-version":[{"id":2313,"href":"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-json\/wp\/v2\/posts\/1592\/revisions\/2313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-json\/wp\/v2\/media\/1593"}],"wp:attachment":[{"href":"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-json\/wp\/v2\/media?parent=1592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-json\/wp\/v2\/categories?post=1592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.mpklofts.co.uk\/wp54\/wp-json\/wp\/v2\/tags?post=1592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}