The question of whether to extend or move is one that many homeowners face as their needs evolve. From growing families to a desire for more modern living spaces, making the right decision can be daunting. While moving offers the chance to find a new home, extending your current property has its own set of unique advantages. In this blog, we’ll explore whether a house extension is worth it, the costs involved, and how to decide if it’s better to extend or move house.
Is a House Extension Worth It?
A house extension can be a game-changer, especially for homeowners in London, where property prices are among the highest in the country. Extending allows you to maximise the space in your existing home, whether through a small house extension, a rear addition, or a double-storey expansion.
Advantages of Extending Your Home
Avoid the Costs of Moving: Moving house comes with expenses like stamp duty, estate agent fees, and removal costs. Extensions often provide a more cost-effective solution.
Increase Property Value: A well-designed house extension can significantly boost the market value of your property, especially in sought-after areas like Hackney or Ealing.
Personalised Space: With an extension, you have full control over the design and functionality of your new space, whether it’s a larger kitchen, an additional bedroom, or a home office.
Considerations Before Extending
House Extension Cost: Extensions in London typically range from £50,000 for small house extensions to £200,000+ for more extensive projects. Factors like materials, finishes, and planning permissions can affect this figure. For more information on costs, head to our blog post on the cost of house extensions in London.
Disruption: While an extension avoids the hassle of moving, it can still disrupt your daily life during construction.
Space Available: Not every property is suitable for an extension. Consulting with a professional design and build team can help determine the feasibility of your project.
Move House or Extend: Key Factors to Consider
Deciding whether to extend or move depends on several factors:
1. Your Current Property
Is your home structurally suitable for an extension? If you live in a terraced house or a property in a conservation area, extensions might be limited by planning regulations. On the other hand, properties with larger plots, like those in Hampstead or Richmond, offer more scope for significant upgrades.
2. Cost Comparison
Moving house can often be more expensive than extending. Costs associated with moving include:
Stamp Duty: This can cost tens of thousands of pounds in London.
Legal Fees: Solicitor costs can quickly add up during a sale.
Estate Agent Fees: Typically a percentage of your home’s value.
In comparison, while house extension costs may seem steep, they often deliver long-term value. A thoughtfully designed extension can pay for itself by increasing your property’s resale value.
3. Emotional Attachment
For many, the thought of leaving a cherished home filled with memories is difficult. Extending allows you to stay in the neighbourhood you love while adapting your space to meet your needs.
4. Space Requirements
Do you need a small house extension to create a playroom, or are you looking for a larger project, like adding an entire new floor? If your needs are modest, extending is likely the better option. However, if you need a complete lifestyle change, moving might be more practical.
Common Types of House Extensions
Small House Extensions
Ideal for London properties where space is at a premium, small house extensions can transform unused areas like side returns or garden space into functional living areas.
Double-Storey Extensions
For those looking to add significant value and space, double-storey extensions offer the potential for multiple new rooms, such as a kitchen-diner on the ground floor and an extra bedroom upstairs.
Rear Extensions
Perfect for opening up kitchens or creating larger communal spaces, rear extensions are popular among families looking to enhance their homes without compromising garden space.
If you'd like to know more about the different types of house extensions, check out our blog on this exact topic.
When Moving Might Be the Better Option
While extensions are appealing, there are situations where moving might be the more practical choice:
Planning Restrictions: If planning permission for your desired extension is unlikely to be granted, moving might be simpler. Check out our blog on planning permission for extensions for more information.
Limited Land Space: For properties with minimal outdoor space, extending might not be feasible.
Lifestyle Changes: If you’re looking to relocate closer to work, schools, or family, moving makes sense.
Is It Better to Extend or Move House?
Ultimately, the decision to extend or move depends on your personal circumstances, goals, and budget. Here’s a quick comparison to help you decide:
Factor | Extend | Move |
Cost | Generally more affordable in the long run. | High upfront costs (stamp duty, fees). |
Customisation | Full control over design and functionality. | Limited to what’s available on the market. |
Timeline | May take several months, depending on the project. | Finding and moving into a new home can also take months. |
Emotional Impact | Stay in a familiar, loved home. | Opportunity for a fresh start. |
Working with Canyon Design and Build
At Canyon Design and Build, we specialise in transforming London homes with bespoke house extensions. Our design and build process ensures a seamless experience, from the initial consultation to the final finishing touches. Whether you’re considering a small house extension or a larger project, our team is here to guide you every step of the way.
Conclusion
Deciding whether to extend or move is a deeply personal choice, but it doesn’t have to be overwhelming. By considering the costs, feasibility, and your long-term goals, you can make the right decision for your family. For those leaning towards extending, a house extension can transform not just your home, but your entire lifestyle.
Ready to start your project? Contact Canyon Design and Build today for expert advice and tailored solutions to create your dream space.
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