Despite the rapid growth of housing stock in London, there are fewer houses being bought and sold. This is according to recent surveys. One contributing factor to this trend is increasing house prices. Consequently, homeowners are choosing to extend their existing homes so as to gain extra space. Nowadays, home equity loans are much affordable and interest rates have drastically reduced. What this implies is that home extensions London options are much cheaper. Homeowners have greater liberty to extend, remodel and upgrade their homes more than ever before. This explains the increasing numbers of home extensions London companies.
Building a home extension can be a terrific and satisfying investment for you and your family. However, before you embark on the process, there are several important factors to consider as discussed below.
Before you break ground for a home extension, you must develop a plan. You need to consider what you are looking for in terms of additional space. For instance, how many square feet are needed? What kind of room do you want? What is the primary function of the new space? If you need an entertainment area, for example, you might need to hire sonos London installers. When designing and planning, keep in mind that the prominent features of the extension such as the roof should resemble those of the existing building.
The builder plays a fundamental role to the success of the project. Although there are many home extensions London companies to choose from, you need to choose wisely. The builder you choose should be qualified, competent and experienced in working in your locality. If you reside in South London, for instance, look for home extension builders in South London. This is because they understand regulatory issues related to home extensions in the area and hence will advice you appropriately. To choose the best builder, ask for recommendations from your architect or friends and relatives who have done similar projects.
Cost and budgeting
Essentially, a home extension is more economical than purchasing a new home. However, it can consume a considerable amount of money, depending on your specific needs. You, therefore, need to set a budget before the project commences. This will prevent any mishaps in the course of the project. While budgeting, leave aside some money for decorations and furniture for the new extension. Also, consider the market value of similar structures in your neighborhood. You do not want to spend $40,000 on an extension that will only increase your home’s market value by $20,000.
Nowadays, there are strict building regulations even for home extensions. You need to make sure that every stage of the extension project complies with requirements of the local planning and building authorities. For instance, ensure that the design complies with the health and safety rules. You must obtain permission to build your extension. This is normally achieved by submitting a full detailed plan of the project proposal as prepared by your architect. Your builders too will be required to notify the council when the project commences and involve them in every stage. Find out more here HTTP://TAGELONDON.UK.