If the time has come and you need more living space, it’s a toss-up between moving house or renovating. Deciding between building an extension so your property best meets your needs and selling up is tough. Both options involve money and a degree of disruption, so it’s essential to carefully consider your specific circumstances, your long-term goals and what you intend to achieve.
With the current quality housing shortages and high interest rates on mortgages, taking on additional debt to upsize is not an attractive proposition, and so the dilemma of renovation vs. moving suddenly gets simpler.
Once you’ve identified you need more living space, the question is how to you find a solution to the property’s shortcomings. If your home has outside space or is one level, adding an extension or another storey is a possibility. Or the solution can be to reconfigure and alter the current layout to transform your home into a more functional space.
Altering or extending the layout of your home enables you to obtain the living space you desire without having to move home. After all, if you are settled in your community and love where you live, it makes sense to make adjustments to the property to meet your needs.
There are two sides to the value coin: financial value and the quality-of-life value. The quality-of-life value includes:
Calculating the financial gains the building work will achieve is an important consideration. Extending the ground floor level even by just a couple of metres to create a larger kitchen and dining space delivers a greater return on investment than adding another separate toilet. A home refurbishment or extension is an investment but as property prices increase over time, the profit made on the investment increases year on year. Plus, you will have enjoyed the extra space, comfort and enhanced lifestyle.
However, it must be noted, while extensions and renovations have the potential to add great value to a property, an inappropriate or poorly executed extension can reduce the value of your home. (Quality is the key, rather than quantity).
With years of experience completing extensions and house renovations in Christchurch, Shaun Bradley Builders are highly respected as luxury home builders Canterbury wide. With extensive local property knowledge, time-honed skills, and close working relationships with a variety of expert project managers, architects, and engineers, we collaborate with clients to create a space that reflects their vision and enhances their home.
If you are considering an extension or renovating your home, contact us by clicking here or calling 027 284 5363 to arrange an initial consultation. Our fierce commitment to excellence ensures you receive a bespoke, high-quality living space that meets your needs and exceeds your expectations.
We want to know your needs exactly so that we can provide the perfect solution. Let us know what you want and we’ll do our best to help.