There are lots of advantages to extending your property when compared to moving.
The cost of an extension is usually cheaper than moving home. There are lots of reports available online on the cost of moving but the final total will always vary depending on the property you are currently in and the property you intend to move to.
As an example, if you currently live in a 3 bedroom house worth £200,000 and there is a 4 bedroom house in the same area for sale at £270,000, then the cost of moving would be around £70,000, you would also have your moving costs on top of that.
If you were to then compare this to the cost of extending your current property, which may be for example around £50,000, then you would make a saving of £20,000.
The most common reason for people planning to extend or move home is to gain more space, but one of the benefits of extending your property is that you are in control of the space you create from start to finish and it can be done how you want it.
If you’re looking for more space in one particular room and less in another, or you want to make the whole property bigger, then that is your choice.
When moving into a new property, rarely will you find a layout and finish exactly how you want it,when extending, you get to choose the finishes throughout which in turn means your making savings you wouldn’t by moving into a new property as you’re not replacing fittings someone else has chose and that aren’t to your taste.