Why even think about a house extension when you can sell your home and move to a larger house? A few points to consider when adding a house extension are:
- If you like the suburb you’re living in, you don’t have to move and sacrifice location for a larger home.
- Make the changes you want without settling for something that’s not quite right.
- A home extension can be more cost effective than moving to a larger home
- You love your current home, it just needs more space or an update.
Moving involves a lot of expenses and requires a lot of effort. Aside from the costs involved in employing someone to sell your home a larger home is going to be more costly. Considering the moving expenses, bank charges and other costs and a home extension may be less expensive than moving.
How much will a home extension cost?
This will vary on your plans, how large the extension is going to be and what the inclusions in the extension will be.
If you’re looking at adding a second storey, the cost is generally less than a single level extension. The reason being is because a second storey doesn’t require foundation work and other major expenses. If you need a second storey, it will be cheaper than making a larger ground floor extension and less land will be needed for the extension.
The cost for your extension will vary depending on the work to be done, for example, excavation work may be needed. That will increase your costs. As a home extension will include knocking out walls, that is an extra expense and there may be other minor renovations that come up and need to be sorted.
Other house extension costs to consider
The basic cost of a house extension needs to include all the basics such as roofing, cladding, interior cladding, insulation, windows and doors. It wont always include other items:
- Air Conditioning and heating are usually extra expenses
- A bathroom may be an additional cost of a house extension
- Quality inclusions are extra expenses
- The cost doesn’t include having your plans drawn up or council fees.
- Remember you will need to furnish the extension, also an additional cost
A typical bathroom renovation will set you back roughly:
- $5000 to $15,000 for a budget bathroom
- $15,000 to $25,000 for an average sized bathroom with mid-range fittings
- $25,000+ for a high-end bathroom
A typical kitchen renovation costs:
- $10,000 to $22,000 for a budget renovation
- $22,000 to $35,000 for a mid-range kitchen
- $35,000+ for a high-end kitchen
Think about the total cost of a house extension.
Don’t forget the total price of your house extension is more than just the costof the extension. Think about and calculate all the costs before you commit. Do you need 80m2 or will a smaller extension be within your budget? A 60m2 extension can save between $20,000 and $75,000 depending on the quality of inclusions you choose – that makes a massive difference to your total!. That amount of money could cover a big chunk (or all if you choose wisely) of the cost of furnishings, curtains and other inclusions.