Adding an extension is a great way to increase living space and the number of bedrooms in your home. Not only do you increase the square footage, you also increase the value of the house considerably. However, without the right knowledge it’s easy to make mistakes that mean your extension isn’t as great as it should be. Here are three ways that you can make sure that your extension is a success.
1. Don’t over capitalise
There’s no question that extensions cost money, but they also add value to your home. Done correctly, an extension is a solid investment in the equity of your home. Done incorrectly, you may find that you’ve over capitalised and wind up owing more money on your home than it’s worth.
To avoid this it’s a good idea to consult with at least two, but preferably more, real estate agents prior to beginning your extension project. Ask each agent to give you an accurate value for your home in its current state, and also a projected value once the extension has been completed. This will give you a good idea on what you can safely spend and still come out in front financially.
2. Don’t lose too much outdoor space
It’s inevitable that when building an extension a certain amount of outdoor space will need to be sacrificed. While it may be tempting to make the extension as big as possible, it’s important to leave a decent amount of outdoor living space and garden.
Even if you are content to have next to no outdoor space, this is not to everyone’s taste. You may be severely limiting your resale market by excluding families with children, people with outdoor pets, and garden lovers.
3. Keep the room numbers balanced
It’s commonly known that bedroom numbers matter when it comes to adding value to a home. While this is true, it’s equally important to remember that balancing out bedroom numbers with living space and amenities is also crucial. This is particularly true if you ever plan to resell your house.
Having a five or six bedroom home with only one bathroom is a recipe for disaster. Also, if you increase the number of bedrooms then it’s also important to increase the number of living rooms to cater for the increased number of occupants that your house will now accommodate.
Whether or not you plan to resell your home in the future, these tips will mean that your extension is functionally and economically sound. Knowing that your home has increased in value and that you’ve increased your equity in it places you in a sound economic position. To learn more, contact a company like Builders At Your Service with any questions you have.