If you need extra living space there are two options, move to a bigger home or extend your existing home. To decide on this, you must determine which will benefit the family most.
Research by TSB Bank has found that 40% of homeowners would rather have a home extension than move. However, many are put off by their perception that planning laws make it difficult to get permission to build an extension, whilst others feel that an extension will cause disputes with the neighbours.
Cost is a major issue. One solution is to release equity in the house by remortgaging. This will require the expense of hiring a remortgage solicitor. Though an extension adds value to a home, there is no guarantee that the added value will exceed the cost of the extension.
Another issue is the disruption caused by the home being turned into a building site as the extension in being constructed.
If you want extra home features such as a garage or a bigger garden, an extension is not a practical solution. There may not be enough space available for the size of extension you want for extra living space. In these cases, moving is a more viable option.
If you decide to move to a bigger house, you may find yourself requiring the services of a reliable Liverpool removal company, and Merseyside Movers & Storers can be just that for you. Get in touch with our team today to get started on a house move.
