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 adding Value to Your Home on a Budget: House Extensions.
What can I get for my money on a budget?
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.
Now you know how to add value to your home on a budget, you may be looking to hire our services. Call us on 01652 808 049 (Brigg), 01724 646 035 (Scunthorpe) or 01472 565 074 (Grimsby) to discuss your requirements with one of our team. Alternatively, fill in the form on the website and we will get back to you as soon as we can. We can answer all your questions and provide a free, no-obligation quote for your perfect home office.