House Extension in city

Are you interested in extending your home to create more living space? If yes, then you’d probably want to know how much value it can add to your property in order to compare the building costs to the potential value gain. Well, as long as you know what you’re doing, your house doesn’t necessarily have to be a money pit. So what are your options when talking about home extensions and what’s the associated value to be gained?

• Bathroom Extensions

Although you should have it in mind that bathroom extensions isn’t usually that cheap, but once done, it can increase the value of a standard UK house within the range of £12,000 to £15,000. Meanwhile the finishing cost of a bathroom can range from £2,500 to £7,000.

• Single or Double Storey Extensions

Single storey extensions are always huge when it comes to increasing the value of your home - giving about 4 to 7 percent increase. If it goes that far, then literally nothing beats a full spectrum, double storey extension which can give up to 11 percent increase in the value of a property - equalling about a whooping £33,000 for a standard home in the UK.

• Conservatory Extension

With conservatories becoming more and more popular in the UK due to the weather conditions, several buyers are now including it’s availability as part of the criteria for purchasing a house. Wonder why? This is simply because everyone wants to enjoy their garden all throughout the year. As a result of this high demand, adding this type of extension to your house can go a long way to increase it’s value. However, it’s very important to incorporate high quality materials during construction. With glass conservatories offering, on the average, up to £5,000 increase in value, the cheaper PVC alternative offers much less value and can also deter potential buyers.

If you’re planning on adding a house extension to your property, you’d probably be worried about whether or not your proposed extension would require a planing permission. Well, it may be relieving to know that not every house extension project would require a formal consent, and in fact, several extensions are covered by the permitted development rights. Not only can this save you a considerable amount of time especially at the project’s planning phase, but it’ll also save you money on the application fee. In the UK, single storey extensions to the house’s rear can be 3 metres deep for both semi detached houses and terraces or 8 metres deep for detached homes.

So how do you know when you’d require a planning permission for your home extension? Well, if your extension plan fits these criteria explained below, then your project is most likely going to be allowable as a permitted development.

• Extensions, which includes previous additions, must not go beyond half of the original house’s total surrounding land area.

• The main elevation, or side elevation where it fronts the highway, must not be extended forward.

• For single storeys, the rear additions must not extend more than the original house’s rear by more than 3 metres in both semi attached homes and terraces (4 metres for detached houses).

• Extensions to the side must be a single storey with a height not exceeding 4 metres and not going beyond 50% of the original house’s width.

• Extensions hat within 2 metres of a boundary should have a eaves height not more than 3 metres.

• Multi storey addition must not extend beyond the original house’s rear wall by a maximum of 3 metres or 7 metres of the boundary opposite the rear wall.

• Permitted development rights do not apply in listed buildings or designated areas.

When it comes to extending a home, the rear of the house often comes to mind a lot more than the front. However, this doesn’t mean that you can’t extend the front of your house. This can be done either as part of a renovation project whereby the entire house is incorporated or it can also be done in isolation. It’s possible to extend the front of your house without the need to apply for a planning permission, however, there are a bunch of limitations you’d have to comply with if you wish to carry out with such a project. Sometimes, this may imply that extending to the front of your home is more tedious and tasking than extending your home’s rear. So exactly how far can you extend the front of your home without planning permission?

The short and simple answer to this question is 2 metres square area with a height not more than 3 metres. Generally, you do not need a planning permission to build a front porch as long as its area doesn’t go beyond 2 square metres from a public road or walkway. Also, a tiled or slated roof can be as much as 4 metres but other roofs must not go beyond 3 metres in height. If you want to extend the front of your home beyond the restrictions specified, then you’ll have to apply for a planning permission.

Extending the front of home can be quite costly, but this can be controlled by not building to the extension to the highest specification, not including an extension on kitchens or bathrooms and more.

Do you want to beautify and increase the value of your home? If yes, a refurb and house extension is definitely a great option to consider. Depending on your home extension project, the value that’ll be added to your home’s resale value varies. However, the cost of completing a house extension project can be huge, so you just might want to consider your financing options. Fortunately, there are various options through which your house extension project can be funded with each having its own pros and cons. Your specific circumstances will determine the one that’s going to work best for you, so let’s take a look at some of the best options to help you fund your project.

• Home Remortgaging

The process whereby a mortgage is transferred from one provider to the other is known as remortgaging. This is usually done to generate funds for a project by entering a more lengthy repayment term commitment when switching. If you want to raise your funds in a quick manner, this process works best.

• Savings

This is a good reason to cultivate a good saving habits. If you’ve been able to save up some mega bucks then you’d probably won’t have to borrow money to finance your house extension.

• Unsecured Loans

If you do not buy into the idea of borrowing more against your property, you may just be able to apply for an unsecured loan especially if you have a good credit record. A secured loan makes use of collaterals like a car or house to serve as a cover for the lender, meanwhile an unsecured loan is based mainly on the credit managing history of the borrower.

• Credit Card

There are some great benefits that comes with financing your small or medium scale extension project with your credit card. Not only does it offer some real lifeline if problems arise during the project, but you can also avoid paying excessive interest on the investment by ensuring your deal has a 0% introductory rate.