Extend your Home with a Basement Extension
A little more living space is a common wish for most homeowners, especially now when moving to a bigger space can be a bit difficult due to limitation on mortgage finance. But extending your existing home will require a huge cost and you might not see a return when you intend to sell.
Sometimes, the best and only way to get more living space or room without moving to a new house is to consider a basement extension. In some parts of the UK, especially in most parts of London, where property values are at a premium and stamp duty is extremely high, most individuals are turning to basement extensions and conversion as a viable option.
Why you should consider a basement extension rather than move?
Considering the huge cost of moving from your current house to a bigger place, you will conclude that a basement extension can offer you the much needed space you crave for. The massive cost of stamp duty, removal fee and the stress involve in the moving process are all enough to consider basement extension rather than move.
Apart from the huge cost of moving some other factors to consider are;
- Your current home’s location to good school catchment area.
- Most of your friends are located in your current location.
- To get more space if you move, you may have to move to a cheaper area with worse commuter links.
- A basement extension adds considerable value to your home.
Benefits of basement extension
Basement extension can add an ideal space to your home. A professionally constructed basement extension can be used as a playroom, an office, a bedroom, a home office, a basement studio or a home theatre. A basement extension can add approximately 30% floor space to your home and will also add more value to your home than the basement extension cost).
A basement extension project can be a cost effective way of having a significant increase in floor space with a small increase in the total building costs.
Also, basement extensions included during refurbishments or side/rear extensions are another cost effective way of adding more living space.
In addition, basements extensions boost the energy efficiency of homes. Heat losses through basement walls and floors are lesser when compared to those at upper and ground floor levels. A study of two different houses of the same above-ground size and construction, carried out by BRE shows that the one with a basement would be 10% more energy efficient than the other house without a basement. Living space below ground level also offers great sound insulation, especially where a suspended concrete floor is utilized at ground level.
In all situations, you should visit your local planning authority for guidance before starting your basement extension work. You can as well apply for a planning consent on your own, or probably employ a professional architect or a specialist basement extension company to apply on your behalf. They will have an insight into local planning regulations and extension projects in the area that have been carried out successfully.
If your major goal is to have a more comfortable home with the addition of quality living space or improving the existing space, you need to consider a basement extension to accomplish this goal and add value to your home.