At some point, homeowners want to extend their homes, but they do not know whether it is a good idea or not. Some will choose to sell their homes instead of developing them. Home extensions in Brisbane may add value to your home or not, depending on how it is done. As with everything, a home extension comes with its pros and cons. You must take your time and read this section before you decide on whether you will be extending your home or not.
Pros of home extensions
- It is cheaper than buying another home
Purchasing a new home is a costly project compared to extending the home. Even though you will sell the old house to buy the new one, you will spend so much money purchasing a house. Besides buying the house, you will incur other additional expenses, making purchasing a new home extra expensive. However, when you extend your home, you will spend a fraction of what you would have spent on a new home. Remember that you are not building a new home but adding more spaces to the existing home. Therefore, if you are looking for a cheaper way of getting more space in your home, consider a home extension.
- Extensions may increase home value.
The other benefit of home extensions is that they can help you increase the value of your home, especially if you are planning to sell your home at one point. Every buyer wants to buy a home with adequate indoor and outdoor spaces to relax with family and friends. Therefore, you get to sell your home at a better value after the extensions.
- Less stressful
Constructive Homes extensions is less stressful as compared to buying or building a new home. For instance, you do not have to raise so much money to extend your home, and the time required to complete the project is also shorter. Moving from one home to another also costs much, mainly because one has to pay for the services offered by the movers. When you extend your home, you do not incur such costs since you already have a place to live.
- Freedom to live in the same area
When you are used to living in a specific neighbourhood, it becomes tough for someone to leave this area. If you have to buy a new home, you will have to leave the community you have been living in for all your life in Brisbane. However, home extensions ensure that you make your home modernized and change its designs but still live in the same neighbourhood or area that you love.
Cons of home extensions
- Some conversions do not add home value
It does not mean that you get to add the value of your home anytime you extend your home. Instead, you have to ensure that you are keen on the extensions you need to add the value you want. For instance, if you extend your garage, you will be adding more space in your home but leaving no spaces for parking. For this reason, the value of your home will not increase but will decrease due to the lack of parking.
- Time-consuming and messy
It can be challenging for you to tell how long it will take for this project to be complete as a homeowner. You may think that you spend several weeks, but the projects will end up taking months. A lot of work is required from the beginning to the end of this project. You have to make sure that you have a comfortable living space since the project is very messy; this is one reason people decide to sell their homes rather than extend them.