Building an extension to your home needn’t cost an arm and a leg.
Property extensions can be achieved on a low budget, provided sufficient planning is done beforehand. Remember, the value added to your home as a result of the extension should, ideally, exceed the cost of the extension itself. The trick is to manage the delicate balance between building an extension that adds the maximum value to your home but doesn’t go over budget.
This article will provide some inspiration for inexpensive property extensions, while also offering tips for managing your money during the process.
What can I get for my money?
There are many factors that contribute towards the price of an extension, including location, groundworks, quality of materials and intricacy of design. For this reason, it is impossible to give exact figures on project costs, but here are some average prices to give you a rough idea:
Basic quality: Around £1500 to £1900 per square metre
Good quality: From £1900 to £2200 per square metre
Luxury quality: Between £2200 and £2400 per square metre
The lower end of a budget extension is typically around £20,000-£30,000. This budget should allow you to undertake the following extensions:
Room-in-roof loft conversion — Loft conversions are a popular choice as it transforms an unused attic in a bedroom space. A £20,000-£30,000 budget should stretch to a medium-sized conversion for a three-bedroom terraced house.
Conservatory — Conservatories add a premium feel to a home and can be designed in a variety of different styles, though simpler designs will suit a lower price range best.
Garage rework — If your garage often goes unused, why not convert your garage into an entirely new space? Reworking a space instead of building an entirely new extension can generate the feeling of a new room but for a fraction of the cost.
Tips for saving money
Keep the design simple — You might have wild ideas for how you wish your extension to look, but intricate design work will hike up the budget considerably. Stick to simple designs; rectangular/square rooms will be less costly than curves and corners.
Stick to the plan — Adding extra features and design ideas throughout the building process will drive your costs up. Plan your design beforehand and ensure you stick to the plan to prevent going over budget.
Purchase second-hand materials – Second-hand materials can be bought cheaper than brand new materials with near-identical quality. Items that offer good value include bricks, tiles and floorboards. Plus, using second-hand items in your project will immediately give character to your new extension.
Reuse and sell — Consider the materials obtained from knocking down walls or ripping up flooring. Reusing these materials in your project will reduce costs. You could also retain usable materials that you don’t need and sell them on.
Use a trusted renovations company — ensure your project is overseen by a company that has your needs in mind. A trusted renovations company should respect your budget request and tailor their services to keep the project in that bracket.
High & Dry Renovations are experts at improving properties through renovations, extensions and conversions. We’ve been helping homeowners and property developers reach their goals for over 30 years, and we always tailor our services to the budgets and requirements of our customers. If you own a property in Scunthorpe or Grimsby and are interested in adding value to your home, get in contact with our friendly team today.