More sound guidance and advice on the ‘ins and outs’ of building a home extension for 2020!

You will recall perhaps we have of late been highlighting here on this blog, the likely boom in home extensions and room renovations during 2020, very much due to the potential uncertainty of the housing market for the year ahead.

We at Mint are here, of course, to advise anyone in Cheltenham and the Cotswolds thinking of an extension project for 2020 on the potential options available and more importantly the steps to take to ensure your extension and renovation plans are readily achieved within budget, in such a way they really do add future value to the family home.

well-informed

Further thoughts on home extension planning and budgeting below from the always well-informed www.realhomes.com team. First here, Real Homes flag up guidance on cutting costs by avoiding over complicated ground works.

complicated

Say the Real Homes team “If possible, avoid complicated groundworks, such as building near to trees or drains and sewers, or other buried services, as these will increase groundwork costs. Remember, though, that if you live in a period or character property, your choices will be limited”

project management

Real Homes also raise the matter of project management costs. We at Mint have considerable expertise in this key field and we can always provide very cost effective guidance and input in all aspects.

liaise

We can cost effectively liaise with your designer/architect and your local authority’s building control department. We also sort, find and hire in tradespeople needed in addition to our own team, and can, of course sort and supply all of the necessary materials, plus scaffolding, skips and so on.

efficiently

We take the strain with regards to your project. We can do so most efficiently and at minimum cost. In any event  all such matters can be very well-covered by our ability to research and buy all the key products required for your project at highly advantageous competitive prices.

extra-time

This can involve a certain amount of extra time-input to an extent, but we have the experience to improve the total overall efficient running of your project. It is an area, from our side, which can prove very rewarding in terms of both cost and timeline effectiveness and this applies to projects both large and small. A well-run project is a cost effective one for sure, and our experience at Mint can bring real savings to your project final budgeting.

all about timings 

So much of effective project organisation is so often about timings . We understand, for example, that getting the timing of deliveries right to save on wasted labour costs is vital. We at Mint, above all else, aim to ensure ‘down days’ on site are avoided.  A site with no one working on it is costly, so materials need to arrive in plenty of time so that the momentum of the project build is maintained, which is a promise we make from ‘the off’ when we take on your extension or renovation. We know you want your project sorted as speedily as possible, and avoiding wasted days is a priority with the Mint Builders team.

highlighted

Two others areas of consideration, highlighted by the Real Homes team, related to VAT and any issues re party wall agreements. Most extension work will attract VAT at 20 per cent on labour and materials, but if you use self-employed tradespeople, who each turnover less than the threshold for VAT registration, you will not be charged this tax — thus saving on labour costs. 

reduced rate

Indicates Real Homes, “Second  hand materials sold by private individuals on the internet will also be free of VAT. Some types of work attract reduced-rate VAT in any case — upgrading insulation and extending a building that’s been empty for two years, for example. Find out how to reclaim VAT on your building project

party wall

Reference party wall matters, if say, Real Homes, the building planned is on or near the boundary of a neighbour, your extension will need to comply with the party wall act. If a party wall settlement is required, it will cost around £700 per neighbour and more if they use their own independent surveyors, which they’re within their rights to do, and for which you would foot the bill.

notify the neighbours

Adds Real Homes, “You must notify your neighbours in writing about your extension plans eight weeks before you start. If you can get them to write back that they do not object or complete a party wall agreement waiver, you can avoid using a surveyor to arrange a party wall settlement and save on fees. It pays, therefore, to keep neighbours on board with your project, discussing plans and being considerate about any concerns they may have.”

highlighted 

Two others areas of consideration, highlighted by the Real Homes team, related to VAT and any issues re party wall agreements. Most extension work will attract VAT at 20 per cent on labour and materials, but if you use self-employed tradespeople, who each turnover less than the threshold for VAT registration, you will not be charged this tax — thus saving on labour costs. 

reduced rate

Indicates Real Homes, “Second  hand materials sold by private individuals on the internet will also be free of VAT. Some types of work attract reduced-rate VAT in any case — upgrading insulation and extending a building that’s been empty for two years, for example. Find out how to reclaim VAT on your building project

party wall

Reference party wall matters, if say, Real Homes, the building planned is on or near the boundary of a neighbour, your extension will need to comply with the party wall act. If a party wall settlement is required, it will cost around £700 per neighbour and more if they use their own independent surveyors, which they’re within their rights to do, and for which you would foot the bill.

notify the neighbours 

Adds Real Homes, “You must notify your neighbours in writing about your extension plans eight weeks before you start. If you can get them to write back that they do not object or complete a party wall agreement waiver, you can avoid using a surveyor to arrange a party wall settlement and save on fees. It pays, therefore, to keep neighbours on board with your project, discussing plans and being considerate about any concerns they may have.”

Refurbishment, improvement and extension of your home – it may be the best thing to do for 2020.Mint offers a full development and finishing service to add value to your home. 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 quotation to improve, refurbish or extend your home . Contact Mint Builders on 01242 279739 or email info@mintbuilders.co.uk