Deciding that you and your family have outgrown your house is easy. Deciding to actually do an extension, not so much. Here are 10 things you should consider before making a decision on whether you can take on an extension or not:
There are numerous online calculators that can give you a rough idea of the construction cost of your project. But there are some hidden costs that you should take into account as they can add up:
Structural engineer’s fee
Party Wall Surveyor’s fee, if your house is a semi-detached or terraced
Other consultants’ fees, depending on the property there may be needed a number of consultants such as Arboriculturist, Transport Consultant etc [you can ask your architect to list these]
Planning application fee
Building Regulation Approval fee
Thames Water Agreement
2. Adding value
Any works done to a property can add value, or not. It is very important to understand that not all alterations or extensions actually increase the selling price of your house. Extensions and loft conversions are expensive, but in many cases they can reward your investment when it comes to selling.
How much value you add will depend on the quality of the work, if there are any additional rooms created, and what is the maximum price in your area. This means that there is a limit on how much a property can sell. It is a good idea to talk with your local estate agents to see for what price similar homes with extensions are selling at around you.
Our office will be closed until Monday 4th January 2021. We will use this time to take a breath, enjoy the company of our immediate family and get inspired for our ongoing projects. We will check our emails from time to time and do our best to get back at you.
In between festivities, we have taken the time to review the last few months that our team has come together and we can only say a huge thank you to all our clients and people we work with. It has been a pleasure and we are sure the New Year will bring some exciting projects!
The Government has announced the new Regulations. According to them, all new Permitted Development schemes will need to comply with National Minimum Space Standards. More specifically: “There are certain developers who have provided housing under national permitted development rights, which is below an acceptable standard, and as a result we have introduced a requirement that all new homes delivered under permitted development rights are no smaller than 37 square metres and meet the nationally described space standards, to ensure that homes are suitable for all occupiers.”
The new requirements will apply to all PD rights for changes of use to residential units, including converting units above a shop (Class G rights), and to the new PD rights for demolishing and rebuilding with extensions or roof extensions. The new Regulations will come into force on 3rd December 2020, however property developers will have until 6th April 2021 to submit their applications for Prior Approval, after which the National Space Standards will apply to their scheme.