Top 7 Reasons Why You Should Consider Building An Extension On Your Home

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There are many perks of living in a smaller home. But, that doesn’t mean you can’t grow to love it even more. Building an addition on your home can be a great way to give your property new life while staying within the same budget as before. However, there are plenty of people who have reservations about adding on their house, especially if they live in a small home. After all, what’s the point of moving into a smaller space again? An extension is not as challenging as it seems. If you have the right plan and professional help, it won’t take much time or cost much money to build an addition on your home. If you’re still unsure about whether this is what you want to do, here are some convincing reasons why building an extension could be the best thing for your home:

You’ll lose less equity.

If you own a home, you’re likely very familiar with the concept of equity. Basically, this is the difference between the value of your home and the amount you still owe on it, including all past mortgages, current home loans, and any other associated debt. You’ll want to make sure you have enough equity in your home to make the next few years of payments if you ever plan to sell or refinance your property. Otherwise, it could be very difficult, especially if the housing market is struggling. As a general rule of thumb, having 20% equity in your home is a good thing. If you’re planning on making any major renovations, like building an extension, keep in mind this could temporarily lower your equity. However, with the right additions, your home could be worth even more after it’s complete.

It’ll open up your living space.

If you have kids or simply have a lot of guests over, you could always use a bit more space. Adding an extension to your home can instantly add more square footage, allowing you to have more privacy or a larger dining room to fit your whole family. When you build an extension, you have control over the amount of space you need. You can choose to add an entirely new room or just an area in your current living room. You should also consider the type of extension you want to build. Adding a garage or workshop could be a great way to expand your living space for a relatively low cost.

A smaller home is more cost-effective to heat.

This doesn’t mean you should build a small home; it’s simply a fact that adding an extension to an existing home can create a more efficient heating system. Your current heating system is likely set up to warm the entire inside of your home. It could take a long time to warm up the parts of your home that aren’t directly being heated. It’s also possible that the rest of your home could get too warm, wasting energy. When you build an extension, you can direct your new heating system towards the new space. This way, the rest of your home stays comfortable while the new part is warming up. It’s also important to consider your insulation when adding an extension to your home. You’ll want to make sure the additional space is well-sealed, otherwise, you could be wasting energy and money.

An extension can update your kitchen and bathroom.

Building an addition to your home is a great way to update dated kitchens and bathrooms while staying in the same house. While renovations to these areas can get pricey, adding on a new room has more flexible design options. You can choose the materials, finishes, and fixtures that best fit your style. If your kitchen or bathroom is too small, you can always choose to build an extension that includes both rooms. This way, you’ll have the room you need while still staying within the same budget as before. If you have an old, dated kitchen, building an extension is also a smart way to update your kitchen without doing a full renovation. By adding a new room adjacent to your current kitchen, you can pick out appliances, countertops, and cabinets to perfectly fit your needs.

It has unlimited design options.

When you build an extension, you can literally design it any way you want. You can add a room or a loft, or you could build a garage, workshop, or pool house on your property. If you’re building an addition, you have the freedom to pick the materials and fixtures that best fit your needs. For example, you could choose metal roofing for a garage to reduce maintenance costs. Or, you could pick bamboo flooring for an indoor pool house to help it stand the test of time.

An extension can add more value to your home.

If you’re thinking of selling your home in the near future, building an extension could be a great way to add more value to your property. An extension also has the potential to increase your home’s resale value. If you do decide to sell, potential buyers will look at your home as a whole, including the extension. When adding an extension to your home, keep in mind that not all additions are created equal. If you want to add value to your home, you’ll want to build a high-quality extension. Building an extension that is energy-efficient and matches the rest of your home can help it blend in with the rest of your property, helping you get a higher return on your investment.

It’s a smart investment.

When you build an extension, you’re investing in the long-term future of your home. You’re ensuring that your house will last for many years to come and that you can comfortably fit a growing family inside. An extension is a great investment because it has dual functionality. It can be used as a room, such as a home office or guest quarters, while also increasing your home’s value over time. That way, you can get more out of your investment once you decide to sell. If you decide to build an extension, it’s important to plan ahead and make sure you have enough room for future additions. This way, you can grow into the space and make sure it meets your needs.

Finding furniture and decor is easier with more room.

If you’re constantly bumping into furniture and running out of storage space, building an extension could be the answer. By adding a room or two to your home, you could easily gain the extra storage and living space you need to feel comfortable. Building an extension is a great way to expand your indoor living space without necessarily expanding your outdoor space. This way, you can still keep your current layout and simply add more to it. Not only will you have more room to store your belongings, but you’ll also have more room for hosting guests. This can help you grow your social circle and bring you closer to your neighbours.

Conclusion

Building an extension is a great way to extend the life of your home while still staying within your original budget. A home extension can be done in any way, shape and form, as long as it is practical, functional, and aesthetically pleasing. When deciding what type of extension to build, keep in mind your current situation and what you’d like to accomplish in the future. Also, don’t forget to consider zoning restrictions while planning your extension. Now, you know the top reasons why you should consider building an extension on your home. With so many options available, it’s easy to find the right fit for your property. Are you ready to start planning your extension?