The moment you recognize that your growing family is running out of space, that’s the moment you probably want to pack up your bags and move somewhere else. For many homeowners, relocating seems like the best course of action and they forget the possibility of home extensions. Relocating requires you to sell your current home and potentially rack up more debt with a bigger property, whereas, home extensions can work with the current home you own. Understandably, this is a big decision to make, so here are a few advantages of choosing this method:
Of course, the most obvious advantage is that you will save money opting to extend your home as opposed to purchasing a bigger and more expensive property. Bigger space is always appealing, but when you see the price tag attached in this housing market, it’s very likely that you will reconsider. Not to mention, adding an extension will save you money and it allows you to pay off your mortgage as planned.
Fall In Love With Your Home
What if you love the neighborhood you live in and feel an emotional attachment to your property? If you’ve lived somewhere for years, there’s no reason to consider moving elsewhere just because you need an extra room. By choosing to add an extension to your home, you can continue living there and enjoy the additional space.
Should you look to sell your home in the foreseeable future, you can bet that other families are going to be looking at the size of your house. If they don’t find the space they need, you may have trouble selling off your property. Fortunately, not only do home extensions cost a lot less than relocating, but they add significant value to your home. Even a simple loft conversion can increase your home’s value by up to 20%.
Make Your Space Custom
You may not have had your house custom built, but by adding an extended space, you can put your own stamp on the property. Just figure out what you would like to get out of the space, and you can have it all tailored to your specifications. You have a say in how many windows there are, the size of the room, and you can plan ahead for plenty of storage space.
Don’t Take A Hit
The housing market is filled with uncertainty and there’s no way to guarantee that you can sell your home or you will ever find a bigger one within your budget. Not to mention, you may be in too deep with your mortgage already, so taking a hit is not a good idea. An extension added to your home can prevent you from landing in an uncertain situation and you will feel better knowing you’re financially secure.
Though still a financial commitment, adding an extension to your home can save you money and make you fall in love with your property all over again. Instead of moving, this is one option well worth considering!