A current dilemma for home-owners – Should we extend our home or sell it and move on?

Considering an extension for more space at home and putting off moving to new home for now looks like the smart choice at the moment, with the static house prices and Brexit confusion

Here on this blog we have, it is true to say of late, very much focused on how Brexit confusion has caused uncertainty with regards to house prices. This has, in turn, meant that home-owners noticing their home lacks the extra space they need now are considering a home extension or refurbishment instead of moving on to a new home.

dilemma

Spotted on the respected ‘On the market’ site by our Editor recently were some timely words highlighting this current very real ‘dilemma’ for many. “What do you do – move to a bigger property or extend your present property until it is big enough for your needs. It is a dilemma which confronts most home-owners at some time and their decision, to some extent, often depends on the state of the housing market.

For sure, at a time when property prices continue to rise, it can make sense to move house and progress up the housing ladder that way. When the market is a bit sticky – as it is at the moment in some parts of the country – extending a property can be a smart option.”

contemplating

We at Mint can vouch for the fact that right now it is clear that many home-owners seem to be contemplating a home extension, if feasible,  right now and leave the move to new home until later on. Apart from anything else it is fair to say, that with an extension, they have all the money – stamp duty, and the other moving costs, to put towards their home extension or refurbishment ‘build’ budget.

added value

But, of course, the sharp minded home-owner, while checking the local area house price situation, will probably be aware of the added value he can net from his current property by improving it. Recently, here on this blog, we highlighted some of the added value amounts that can be realised by extending, refitting and refurbishing.

Cheltenham ‘project’

This quite modestly priced well conceived and planned ‘guest suite’ by Mint in Cheltenham, recently offers valuable extra space now and very definite added value in the future.

Tip-top work to do to add value, we find at Mint, is the either add an extra bedroom or an extension, revamp or  update of the kitchen. Here on this blog we mentioned just recently a project of ours here in Cheltenham which involved  the adding of a Guest suite in the loft by a neat conversion which included also an en-suite  bathroom installation. Improvements to the roof too and the adding of extra insulation for sure offered much good added value and also savings on energy bills too!

extension options

‘On the Market’ highlighted how much value is added by the various options of home extension and improvement from loft conversions to conservatories, and from additional bedrooms to extra loos. Their expertise indicated – “Nationwide figures suggest that a loft conversion could increase the value of a property by 21 per cent, while adding an extra bedroom through an extension might add 11 per cent. Also, Savills a leading hugely reputable and long established Estate Agent estimated apparently that a conservatory might add 10 per cent in value.

fundamental

Bathroom upgrades can make a difference, but we at Mint understand that any home buyer now expects a second bathroom and, for sure, it is these days really much  ‘a fundamental’ to realising a competitive price on any property- never mind landing added value.  Its fair we think to say that most extensions pay their way and many can yield a profit, though of course results vary from area to area.

guidance and advice

It is fair to say that certain more minor building works on a property can do no more than show marginal gains, but we at Mint can always offer guidance and advice in our local areas of Cheltenham and the Cotswolds when it comes to discussing the potential added value you can realise with a home extension, refurbishment or improvement works.

value potential

We at Mint always make clear the cost of the building works, in order to be sure it is realistic and suitable to the particular property being considered for improvement. It is no good adding say £8-10,000 to your property if the project, due to its type, style and the choices you make, may involve a bill somewhat over the potential extra value which can realistically be realised. So, use your imagination, do your sums – and you can ensure you realise the result you wish for.

liveability’

For sure, with some clients, they love their home and have no plans to move. Well then, it’s a case of an extension, modest addition or refurbishment improving the ‘liveability’ and enjoyment of the home for that family – and how rewarding and good is that!

seriously

Extending can also buy yourself some extra time in the property you love, too. One thing is certain, adds ‘On The Market’ – “the option of extending rather than moving to a bigger property is one which home-owners need to take seriously, particularly at a time of static house prices”.

heart-warming

Ideal comfort and enjoyment at home can mean more perhaps than future added value

All that being said, we think we can say that having YOUR ideal comfort and enjoyment in a home can surely be more significant in many respects than any slightly intangible future added price value could ever be. It’s fine to chase that added value in the housing market, but it is perhaps finer to have the space, style and ‘liveability’  that warms your heart day by day in your ‘forever home’ a place where you are truly content and intend to stay ‘and enjoy’ for years ahead.

Whatever extension or improvement you need for your home, Mint offers a full development and finishing service to help give you home more space and add value too. We are here to help with any questions or concerns you may have with the ‘ins and outs’ of planning issues . We have all the expert contacts on hand to help you.

Please request your quotation to extend, improve or refurbish your home . Contact Mint Builders on 01242 279739 or email info@mintbuilders.co.uk

Improving ‘liveability’ and adding value too – another in-demand home re-furbishment from Mint Builders this month

A quality new bathroom in any home is all planning to get best use of space available.

The demand for home re-refurbishment and extension could certainly be said at this particular time to be in a something of a uniquely buoyant situation.  You may have seen an interesting statistic that appeared online  of late -and that was that there has been a steady impressive growth in the number of home extensions built in England over the past few years – in excess of around 110,000 of them don’t you know!

Read more

Considering a Home Extension ‘at your place’ for later this year?

An extension might be the answer to beat Brexit and the relating uncertainties with fluctuating prices in the current housing market

Are you thinking about a home extension in the not too distant future. The Brexit uncertainty is making people think twice before they decide to move that’s for sure and the recent relaxing of certain planning requirements, highlighted here on this Blog, means more and more people if they want more space are considering the option of a home extension instead of a home move.

greater numbers

According to some statistics, planning applications for extensions over recent years have risen over 20% and we at Mint have found that right here in our business environment a greater numbers of homeowners are looking to increase their usable living space instead of selling up their current homes and buying a new property.

opportunities

As home extension experts, we have had a considerable number of opportunities in the recent past to work on all sorts of different Extension type projects across Cheltenham and The Cotswolds. Of course there are so many different types of extension that you can consider for your home and we at Mint are always available through our ‘Extend Instead’ service to help and guide you in building the well-planned, cost effective extension  that is just right for your home.

re-furbishment

Of course as well as developing a whole new extension to your home, as we have highlighted here in this blog, it is also fair to say that some well-considered refurbishment and interior layout re-organisation can also have an impressive effect on the whole ‘liveability’ of your home

important

Upgrading your kitchen will be a ‘win win’ situation – an improved living experience for you day to day for now and added value should you sell.

Given that the kitchen is one of the most important rooms in the average home, an all round upgrade revolving around the kitchen, is often a key choice of many home owners. An expanded, updated, well presented kitchen for sure provides so much. A new kitchen today can offer a different type and style of open plan living.

atmosphere

If well-designed and presented right, a modern kitchen extension will allow you to enjoy a whole new living ‘atmosphere’ experience in your home. A new kitchen is a space which with thought and a little ingenuity can offer a wide range of different living spaces and uses all of which can to make day to day life easier and surely more enjoyable.

best value

Also, should you ever decide to sell your property, an expanded kitchen is usually the area that  will certainly add the best value to the potential selling price your home. What’s more, when it comes to increasing the value of your home, a conservatory can be a “good bet. This is one of the most popular home extension projects and it seems we Brits do like our conservatories…and rightly so!

window on the world’

Light, bright and restful- a Conservatory of any type is surely a unique
and most enjoyable living environment for any home.

A conservatory can also bring a light, bright ‘window on the world’ type of living atmosphere to you home that you just haven’t been able to enjoy in the past. This is type of extension  that can be built to your exact specifications – regardless of your level of eccentricity – without detracting from the overall look and feel of the rest of the home.

Check back here soon for more home extension choices to add atmosphere to your home and add monetary value to its market price too

Whatever extension you need for your home, Mint offers a full development and finishing service to help give you home more space and add value too. We are here to help with any questions or concerns you may have . We have all the expert contacts on hand to help you.

Whatever your need, please request your ‘Extend Instead’ visit and quotation to extend, improve or refurbish your home . Contact Mint Builders on 01242 279739 or email info@mintbuilders.co.uk

House Extension ideas you can build without the need to sort out planning permission

We at Mint had a most enjoyable and successful visit to the ever popular Grand Designs Live show at London’s Excel earlier in the month. We promoted the Show here on this Blog a while back, but if you didn’t make London then not so far away at the NEC is another show ‘date’ for Grand Designs Live that you could consider. That’s on October 9th -13th.  

Read more

Renovating to add value – some further key considerations

A little while ago, here on this blog, we flagged up some renovation priorities and issues to review and consider in order to add vital living enjoyment and selling value to your home, compliments of the excellent www.homebuilding.co.uk

Read more

Renovating your home to add value – initial key considerations

Home renovation can make all the difference to your home in more ways than one – the way it looks, the more enjoyment a facelift offers and, of course, the actual cash value it can accrue. Spotted online by our Editor recently, was some valuable information from www.homebuilding.co.uk on the ins and outs of the renovating for maximum value-added effect.

Read more

The ‘right’ new kitchen at the heart of your home extension

For sure, we at Mint appreciate that in many cases the need for a new kitchen is often at the heart of many extension projects. Of course, a state of the art, smart, re-furbed kitchen is the surest way to add value to many properties, particularly if they include an open-plan, fully integrated kitchen with other open plan ‘living’ areas linked and also, perhaps, an extra, first floor accommodation extension above.

Read more

Renovate and add home value to ‘counteract’ Brexit home moving delays….

The Brexit affected home prices slowdown continues, it seems, and is likely to do so through the Summer. A good few of those keen to move are, according to our team at Mint, still stalling plans to move for the time being until the overall home prices situation clarifies, the housing outlook grows more confident and prices show more positive signs of easing ahead.

Read more

Consider a 2019 Home Extension? A Beginner’s Guide

The current Brexit situation continues to cause uncertainty to the UK Housing market and for sure some of those thinking of moving are shelving their plans. Perhaps a home extension or refurbishment in the meantime could be an option.

Read more

From one type of ‘extension’ to many others nationwide – perhaps yours!

It could be said that an ‘extension’ from the Government could perhaps lead to many extensions nationwide – perhaps yours! The Government has recently permanently extended the permitted development rights, which means a range of types of home extensions nationwide, can go ahead right now and on throughout this year and into the future, without needing to get planning permissions.

Read more