Lumina Homes Answers: Are House extensions worth it?

If you already have an affordable house and lot, this may seem a valid question for every homeowner, and the short answer you can get from Lumina Homes is yes. But how does a house extension project work? While we admit that it can be a tedious process, building a home extension can be worth your while not only in the present but also in the foreseeable future.

The Benefits of Engaging in a House Extension Project

You have more additional living space.

Whether it be in an existing home or you have yet to build an affordable house and lot for sale, having an extra space for any home is worth the effort of doing home extensions. For example, even a few square meter of extra living space can change your lifestyle. For example, you've decided to do a home extension and turn it into a garden space.

You already have an existing property or existing building.

Most homeowners who have an existing property or existing building engage in house extensions. For many homeowners, it is a significant investment to do a home extension project because they can improve the value of their property, and should they decide to sell, they can also improve their property prices.

You can accommodate your growing family.

One major advantage of engaging in a home extension project is you can entertain guests on a larger property. For example, you can choose to grow your rear extension to hold parties or gatherings. You can also choose to do a kitchen extension to your current property so you can cater enough space for planning events.

You can future-proof your dream home

One of the main factors why you should consider an extension building work is when you consider it as an investment to increase the value of your property. Not only will you provide a comfortable room for your children, family, other relatives, and friends, but you can also plan a good design that fits your lifestyle that is worth remembering. You also get to decide how you can live life to the fullest within the comforts of your own home.

Makes more sense than constantly moving from house to house

Instead of having to pay for rent, it is better if you indulge in the construction and extension of your home. Instead of spending money moving house to house, you can just extend your bedroom, or bathroom, or add or create a new room of your choosing, for example, a conservatory, a den full of furniture, or even larger extensions of your library or living room, or parking, should you choose.

The Challenges of Doing an Extension Project

However, with the benefits you can enjoy, there are also corresponding challenges you may encounter. Hence a word of advice, before you indulge in a home extension, you should have a careful consideration of whether you are ready for the responsibility of doing your own home extension.

You may need planning permission.

If there is one thing that may hinder you in executing your house extension, it's when you need the paperwork. First, you need to gain planning permission. It's a case-to-case basis on whether this step is needed before you can proceed but once you have it, then you may now proceed with your permitted development.

Getting the right builder can be a challenge.

Extension projects can be tricky and in most cases, if you want quality work, you must also find an architect, a planning officer, and a builder who is the best fit for your home extension and can work together efficiently to execute your vision in the said location.

Building costs and house prices are at an all-time high

Here's one of the important factors to consider in your projects. Before extending your property, you should have at least a general idea anchored in reality on how much would it cost for the entirety of your extension project. As the budget of your project depends on your extension size, it pays to research how much you should expect regarding the cost of materials in the market for the project to be completed.

Building an extension may become a year-round project

Aside from preparing to save money, you need to spend in doing house extensions, you also need to aspect in the time allotted for each project site. It may range from two days, two weeks, or in some cases, even many years to finish. Hence before you even begin planning on doing one, you must learn to gauge how much time will be projected to finish a house extension. Remember, time is also a resource you need to include in your budget, and a quality job that is not rushed also comes at a cost.

The cost to extend your home may not have a significant return

Most people determine that in order for them to recover from fixing and improving a home is when they get clients to buy the homes they transform and renovate. Hence when clients come and do a comparison of your property with other house and lot in the Philippines, they may find yours not cost-effective or still in need of too many renovations instead of having just to rest and relax in the said site. Hence, in deciding the house extension projects you might have in the future, try to picture if you will be selling it ahead of time, so you can consider this aspect in the expansion or renovation of your property, and you can also guarantee potential buyers of the quality of your build.

Now that we have presented both sides of the coin in terms of doing house extensions, ultimately, it is the homeowner's rightful decision to whether extensions are worth their while. For us, it is a resounding yes, because we see house extensions as a worthy investment to increase the value of any property. However, it's not enough to just increase the value of any property. It also pays if the foundation of the main property is also created by professionals such as Lumina Homes. If you want quality from the ground up, even up to the extensions of your forever home, speak to a Lumina accredited seller today so you can check out Lumina's Single Firewall units. Don't miss out on having house extensions, visit the nearest Lumina Homes near you!