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Is it better to extend or to move house?

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Mika, Staff Writer

Monday, 15 March 2021

If you’re desperate for extra space in your home, you might be weighing up the options of moving house vs extending your home. It can be hard to work out which is the best option for your family, both financially and in terms of disruption.

In this article, we’ll explain the benefits and drawbacks of both extending your property and moving home, so that you can make the best choice for your personal situation.

Cost

Extending your home is generally a cost-effective investment. Although extensions can be costly, you’ll usually get your investment back when it comes to selling your property, and you may even make a profit.

If you’re thinking about moving home, it’s easy to just think about the cost of a new home. However, you’ll also need to budget for estate agency fees, solicitor fees, relevant taxes and your removal costs.

Disruption

Both extending your home and moving house will cause disruption. When you extend your home, you'll have to carry on day-to-day life while the work goes on around you. On the other hand, when you move house, you’ll have to deal with people viewing your property, followed by packing up and moving your belongings to a new home.

Both options will cause a large amount of disruption to your life. But remember, it’s only temporary and the long-term benefits will far outweigh the short disruption.

The fastest option

It’s impossible to say whether moving home or extending will be the quicker option. Moving home takes around 12 weeks from the sale of your property. However, some properties will sell within days whilst others could be on the market for over a year.

An extension will typically take 3 – 6 months, deciding on the size and complexity of the design. Typically, there won’t be much difference between the time taken to move house and the time that it takes to extend your property.

Location, location, location

When you extend your home, you’re committing to staying in the same place. This has its benefits if you like the area in which you live and you’re happy with your garden and the rest of your home.

If you are looking for a bigger garden or a different location, there’s no type of extension that can give you this. If there’s more that you dislike about your house than just its size, it’s probably best to move home.

Get advice

If you’re struggling to decide between moving house and extending your property, it’s best to get advice. You can find out how much it would cost to extend your property by contacting a property extension specialist. They can advise you on the best type of extension for your property, as well as estimate the costs and time involved in completing the work.

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