Home improvements can add value to a property, but having building work done can also be stressful. Is it better to add an extension to your home or to move somewhere else if you want more space? What's been your experience?
Add your comment to let us know what you think.
Posted by The Nationwide team
Helen Moreton said:
Using the best quality and giving your home the wow factor ensures you will sell and get your money back when and if you move, you have the pleasure of creating and living in yoUr space beware of cheap deals they do not exist.
Date posted - 17/07/2013 13:21:41
Currently in the process of having a large extension undertaken, part of which is to provide ground floor accommodation for an elderly relative. Builders and work going well but I do find the extra costs of VAT prohibitive. Only vaguely referred to in original estimate and not having done this before hadn't realised just how much it would be. Inevitably taken me above budget. Why must the government have so much?
Date posted - 17/07/2013 13:18:40
We looked at moving and found that even if we used all our savings and doubled our mortgage the houses we could afford didn't really give us much more usable space. So we spent a little over half our savings on home improvements: dormer window, moved and enlarged bathroom, removed old chimney breasts, bifold patio door, new kitchen. Probably hasn't increased home value by as much as we spent but still worth doing for improvement in living environment and far cheaper than moving. Our advice is take into account everything it will give you, not just increase in value, and make sure you get a reputable builder with good references and who will work in such a way as to minimize impact on you.
Date posted - 17/07/2013 12:37:17
I have lived in a middle end terrace for about 20 years with my husband. We did want to move but found it too tricky and the advice we sort was poor. So we decided to stay and improve our home by making the loft a bedroom and splitting the back bedroom into a bedroom and bathroom. This meant we had more space for a longer kitchen all be it a small one. It can be stressful but you do a bit at a time when you can. I would not move now as we have worked so hard to keep our property in good shape. And as the saying goes We think that the grass is greener on the other side until we are on that side, then we wish we were back. I say stay put and make do with what you have.
Date posted - 09/05/2013 13:50:56
Home improvements with measurable house value increase: Yes. If you value your homes equity then its a great way to improve it and spread the cost gradually. Everyone has been to a house viewing and found that the house has had no work done in 30 years.
Date posted - 11/11/2011 14:35:53
Currently undergoing extension - only hassle has been with planning/regulations 'tweaking' requirements - just need a little extra space, not a whole lift, shift and redecorate - and my gardens are fine too! If you don't like your area/house then move. If you've made it into your home and you get on with your neighbours then extend - you'll have more space to 'breathe' without too much stress and won't have to adjust as much. Unless you get the chance to 'live' in any potential house before buying you'll never know everything about it before taking the plunge!
Date posted - 09/11/2011 00:45:00
I hope no one finds this derogatory . I am not an Aberdonian but have found that in Aberdeen they think every one is rich and most over charge on any work needed. So get written quotes if the work people can be bothered. Out of town is usually cheaper and better work is done. Less likely to rip you off. Get quotes always.
Date posted - 03/11/2011 20:50:36
Move, don't improve. Our project nearly broke up our marriage it was so stressful. It went on for much longer than expected and cost lots more than expected, and is still not finished as we've run out of money. Don't do it!
Date posted - 01/11/2011 18:24:29
Our extension was a nightmare at the time, but now that we've lived in it for 8 years we love it and think it was worth every penny.
Date posted - 01/11/2011 18:09:42
When we were debating the cost of an extension our architect said think about how long you will stay in teh house and divide teh cost over that period of time. So if it is going to cost £20,000, but you're planning to stay in the house for 20 years, that's £1,000 a year. Is the benefit of the extension worth that to you?
Date posted - 01/11/2011 18:00:43
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