Homeowners often contemplate about the next step in increasing the space and value of their property. A popular solution that comes to mind is a double storey extension. However, it can be a daunting project to undertake without ample consideration and analysis of its costs and benefits. This post will delve deeper into these factors to help you decide if a double storey extension is right for you.
The Costs
Firstly, let’s speak the language of money. While costs vary depending on the property’s specific needs and your location, a double storey extension typically incurs a more significant expense than a single storey alternative. Standard costs include architect fees, groundwork, materials, and labour. Moreover, the overall project cost often increases due to the requirement of additional resources like scaffolding and machinery. Structural designs and planning permissions also contribute to the expenditure.
However, it is essential to note that while the immediate costs may seem high, the initial financial commitment is often offset by the increased property value. The addition of a double storey extension can significantly increase your home’s market worth, thereby proving a smart investment.
The Benefits
On the flip side, there are potentially massive benefits to adding a double storey extension to your home. The primary advantage is the considerable increase in living space without the need to uproot your life or relocate. This additional space can cater for any purpose from accommodating a growing family, to creating a home office, to providing for occasional guests, the options are truly endless.
Another significant benefit of a double storey extension lies in its ability to rewrite your home’s aesthetic. By choosing an architectural design that enhances the existing structure, a well-integrated extension can bring a breath of fresh air to the property, not only making it more comfortable for dwellers but also more appealing to potential buyers.
Lastly, assuming that the initial expense makes economic sense, the value-added to your property can be exponential. As you enhance your living condition and increase usable space, you simultaneously build on your investment and potential future profits.
Is a Double Storey Extension Right for You?
As with any significant project, the decision to add a double storey extension to your home is not a one-size-fits-all problem. It needs to be based on your individual circumstances, personal needs, and long-term plans.
If you’re in need of more space and aren’t keen on the idea of moving, a double storey extension is a practical solution. Especially, if your property has a smaller land footprint, going up instead of out might be the only viable option. However, the crucial issue here is to weigh the immediate financial strain against the project’s long-term benefits and the added value to your property.
It is always a good idea to discuss your options with a qualified professional before making a decision. Their knowledge and experience can provide much-needed insight and help steer you towards the best route for your unique situation.
In conclusion, a double storey extension has the potential to provide many benefits, including increased property value and improved living conditions. But deciding whether that potential is worth the cost will ultimately depend on your priorities, needs, and personal circumstances.
