A Beginners Ultimate Guide to Starting a Home Extension Project

Adding an extension to your current home is an excellent way to increase your living space without the need to find a new home. Home extensions are also a great way to increase the value of your property should you decide to sell it in the future. If you happen to be a newbie when it comes to facilitating home extension projects, you might get overwhelmed with the process. However, there is no need for you to worry because the following guidelines can help you expand your home successfully.

What is your main reason for extending your home?

Many advantages come with living in a more spacious home. Aside from having more privacy, it is a more practical choice for the entire family rather than buying a new home and starting from scratch. Also, extending your home gives you more opportunities to maximise your earning potential. Whether you would like to add a few rooms for rent or turn it into an extra space for your business and hobbies, these dreams are within your reach.

What are the things that you need to do to start the extension project?

Manpower

If you plan on working with local carpenters and home builders, then you will need to get in touch with companies like Plant Hire Birmingham that provides its clients with different types of construction equipment that you can rent on a per project basis only. Also, make sure to get in touch with a reputable architect so he can create a detailed floor plan of your home extension project.

Costs

The result of your home extension project will highly depend on your budget. Are you planning to add a couple of bedrooms on the second floor or would you like to extend your living room area and build an office on the ground floor? The cost of a renovation project will depend on the materials that you plan on using and the area that you are about to expand. There are different ways to finance your project; you just need to make sure that you will be using all the money strictly for renovation purposes, and you can afford to pay for it.

You can use your credit card for a cash advance, or use it to shop for the materials needed. Take advantage of zero per cent interest offers by taking the time to shop around and compare the best deals. You can also opt to apply for a personal bank loan with low-interest rates. For bigger projects, you can also look into applying for a second mortgage which provides you with longer and more flexible payment options. The best advice is to get pre-approved before hiring a contractor because most of them will be asking for partial payment during the initial phase of the construction.

Lastly, do not forget to discuss the warranty with your builder. The warranty should cover construction defects or faulty installation. In case this happens, your builder should take responsibility and fix the work at no cost.

 

Image:  https://pixabay.com/photos/new-home-construction-build-1664284/

 

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