Are you thinking of remodelling your home? Do you want to add an extension, but aren’t sure if this is the best choice for you? If you’re not sure which way to go, please continue reading as we discuss the options in the article below.
Carrying out home extensions will offer you a wide range of advantages and benefits from navigating away from the daunting housing market to even saving a little bit of cash in your wallet.
That’s why we’re here to tell you all about the benefits of home extensions! Keep on reading to learn more!
Benefits Of Home Extensions
Home extensions are a great way for you to increase your living space, especially when you’ve already outgrown what you currently have.
This can be considered a fairly practical decision because you won’t need to invest in purchasing a new house as you’ll simply be adding to your existing home.
As such, there are many benefits with building an extension, and here are just a few of them:
1). Cost And Time Effective
By adding an extension to your home, you eliminate the need to purchase a completely new home. You can instead spend your money upgrading your current home so that you can save more money over the long-term.
Furthermore, with the money that you save, you can then invest that in upgrading the interior of your brand new home extension. This means you can kill two birds with the one stone.
What’s more, installing a home extension is not only cost-efficient but time-efficient as well.
You can save time by not having to endure the whole process of putting your house on the market, selling it, going house hunting, and having to transfer furniture etc to your newly purchased home, and all the other stress and inconvenience that comes with moving.
2). Value Increase
Adding an extension is not just cost-effective and time-efficient, but it increases the market value of your home as well.
Adding or building a new room or space in your house means that the square meterage will increase and that the functions of your home are more expanded. As such, you add monetary value to your home thus making it an investment.
However, remember: make sure that the value that you add to your home is more than the cost of the renovation project itself to ensure that it really is cost-effective and makes economic sense.
3). Completely Personalised
It’s vitally important that your home is suited to your needs and to your vision of what makes a great home. As such, adding a home extension can help further personalise your home so that it reflects your tastes and style.
This includes how much space is necessary, how the architectural design comes out and what the interior will look like to name a few things.
The best thing about home extensions and if permits allow, they can be flexible. They are specifically tailored and catered to your individual needs and requirements, which makes them a very attractive option.
What Are The Other Advantages Of Home Extensions?
We’ve looked at the three main benefits of home extensions above, but there are also a few more advantages we’ll quickly touch on below:
1). Adding a home extension eliminates having to be involved in the complications and intricacies of the housing market in which the timing of buying and selling are absolutely crucial.
2). You won’t have to negotiate a mortgage in a credit-crunch environment.
3). You won’t need to compromise on the benefits and advantages of your current home compared to moving into a new house in which you may have to compromise on certain features and start from scratch.
4). You can still continue to live in the neighbourhood that you have grown to become comfortable and familiar with.
5). Your space is truly yours—one that you have specifically designed and created to feel proud in.
Final Thoughts
Whether you want to add more monetary value to your home or create more space there is a multitude of benefits that adding an extension to your home can offer you, both in the short-term and long-term.
You can avoid a number of inconveniences such as having to take out another mortgage and dealing with the intricacies of buying and selling in a volatile housing market, through to having to move furniture the extra expenses incurred in the whole process.
Nonetheless, home extensions can be both effective and convenient and are definitely worth considering if you are looking to increase your space.
If you are looking for experienced and trustworthy professionals to help you out with each and every step of your period home renovation and extension, look no further than Period Extensions & Designs.
Whether you need help with the design or the actual renovation itself, please call us today at Period Extensions & Designs on (03) 8658 1340 or contact us through our contact form.