You’ve run out of space in your house or the space you do have is just not working for you. One option could be to move, find a bigger, new property that works for you better. Or look at extending your current property, this has many advantages, no property sale and purchase to go through, change of addresses and your local network remains.
Extending your home has a number of strong advantages over moving house:
The actual value of an extension will depend on size and also the quality of the construction, what type of room the extension houses and the exact location of the property within a local authority, however, in certain areas an extension very easily pays for itself. Here is a calculator tool which can help you determine the increase in value an extension could provide.
If your current property has all the amenities you require such as schools, shops, transport facilities etc, looking to reciprocate these with a new property can be challenging.
Under current legislation, and providing that no other existing properties are involved, alterations and extensions will not affect the valuation band until the property is sold, so you will be making a saving compared to moving to a similar property. However, once sold the banding may be reviewed and the new taxpayer will have to pay a higher amount of Council Tax if the band is increased. For further information click here.
Here at Upright Construction we specialise in house extensions and have undertaken a vast range of different types of extensions for our clients. For more information on some of the build projects we have recently completed click here to review our work.
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