Read on to find out more about the different ways you can raise funds for your extension.
- 1 Remortgage your home. A remortgage is when you transfer your mortgage from one provider to another.
- 2 Use savings.
- 3 Pay on a credit card.
- 4 Explore your options for a second mortgage.
- 5 Take out an unsecured loan.
Is extending your house a good investment?
Generally, extending your home will be a cost-effective investment that will pay back on itself when you eventually sell – but not always. The location and demand of your property will usually guarantee that your extension will add value to your home when it comes to selling.
How much can you extend your house?
Maximum height of a single-storey rear extension of four metres. Extensions of more than one storey must not extend beyond the rear wall of the original house by more than three metres. Maximum eaves height of an extension within two metres of the boundary of three metres.
How much does an extension cost?
Single storey – A single storey extension in London will usually cost between £2,000 and £3,000 per sqm (£185 and £280 per square foot). £2,000 per sqm would represent cost-effective finishes and products.
How much does an architect cost for an extension?
Most architects will charge by a percentage of the total cost of the building works. This ranges between 5 – 12% on average. Architect fees for larger, more complex house extensions are usually charged at 10% of the final cost.
Is it worth it to do an extension on Your House?
A house extension can be a very attractive option for those lacking room inside their home, but with outside space going spare. However, extending your home is likely to be an expensive project, so it’s important to get it right and make it work hard for you. (MORE: Get a quote for your extension project)
What’s the best way to extend your home?
From good planning to design know-how and more – get it right from the start If you’re planning to extend a house then you are in the right place. Extending your home will let you enjoy more family space, and it can even up the value of your property to make moving easier down the line.
What’s the best way to plan an extension?
Planning a house extension – from getting the required paperwork in place to agreeing the contract with your chosen builder – is vital, to ensure that your extension schedule runs smoothly and to keep you on budget. This is what to consider. RECOMMENDED VIDEOS FOR YOU…
Do you need planning permission for an extension to a house?
As mentioned above, you probably won’t need planning permission for this type of extension. The current permitted development regime allows single storey side extensions up to a maximum of 4m high and a width no more than half that of the original house. If the extension is within 2m of the boundary, eaves height should not exceed 3m.
