If your home is lacking the space you need, you might be faced with the common dilemma, whether to extend your home or move house entirely. Both options come with their own price tags and it can be difficult to work out which will be cheaper in the long run.
Here are some hints and tips as to what unexpected costs you encounter when moving and why it’s sometimes best to extend your current property.
Moving Home
One thing that often surprises families moving from their current home is the state of the property market. With house prices constantly on the rise, buying a new home can be very expensive. Campaign ‘Generation Rent’ claim that by 2025, half of the population under 40 will be living in properties let by private landlords as it’s just too pricey to afford a house.
Shifting all your belongings and furniture can also be an expensive affair, with removal lorries costing a high price for the large job. Other costs that are often forgotten include survey fees, stamp duty, estate agency fees, the list goes on.
Extending Your Home
If you have the option to extend your property, then this is a cheaper solution. Of course it comes with its own costs, but if you’ve created a family home in a nice area, it makes sense to expand your space rather than uproot.
House extensions are not only cheaper than moving, but will add extra value to your property should you choose to move further down the line. This means that, in the long run, you can be really saving yourself money by staying put, and save yourself the hassle of packing!
If you think extending your home might be the space-maximising solution you’re looking for, then J Wolf Construction can help. We are builders in the South West London area that specialise in house extensions so why not give us a call on 07832 517516 and chat to one of our team.