Generally, extending your home will be a cost-effective investment that will pay back on itself when you eventually sell – but not always. The location and demand of your property will usually guarantee that your extension will add value to your home when it comes to selling.
Typically, the most expensive part of a house extension is the foundation work and structural alterations required to support the new space.
The average cost of a house extension is between £45,000 - £75,000. This guide is here to walk you through every step, ensuring you have all the information you need to make informed decisions. Keep in mind that the home extension costs in this article are correct as of 2024.
By contrast, a building comprising two attached units on two distinct properties is typically considered semi-detached or twin homes but is also called a duplex in parts of the Northeastern United States, Western Canada, and Saudi Arabia.
Attached homes, such as townhouses and duplexes, offer several benefits. They are often more affordable, both in terms of purchase price and ongoing costs. Shared maintenance responsibilities can also ease the burden on homeowners.
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Costs for same-level house extensions in the United States start from approximately $25,000*, but can easily exceed $150,000* - it all depends on the project. Adding a room or extending your living area on the ground floor are affordable ways of creating more space.
It's important to do your homework to understand how the design of your extension will impact the value it adds to your home. Adding double bedrooms and bathrooms tend to add the most value.
Put simply: if you're creating new space that's going to affect the exterior of your property, it's best to get an architect on board. While there's no law requiring you to hire an architect in any scenario, having one present on these big projects helps ensure you create a safe and legal addition to your home.
A home is not a liquid asset. This means that if you ever plan on selling your property, it may not be as quick of a process as you expect. Although you don't have to pay rent every month, property taxes and home owners insurance can go up. You can lose the value of your property over time instead of gaining it.
You may have heard of a 30-day close, but how long does the home-buying process take end to end? Answer: Between 200 and 245 days (6.5 months to just over 8 months!)
Often freestanding and detached, single-family homes sit on their own property (lot) and have no shared walls or common spaces.
Townhouses: Are usually individually owned, often with private yards or patios. They may offer more stability and less maintenance, as they are usually managed by the HOA. Duplexes: Can be owned by a single person or by two different people, offering more rental income potential as both units can be rented out.
Duets are considered attached single-family homes, with two residences built on the same piece of property. Each side of the building, or each residence, is sold as a separate home. Dwellings are often connected by one shared, fire-rated wall.
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Concrete blockwork and a concrete sub-floor tend to be the cheapest way to construct an extension. As well as the materials being cheaper, most trades are familiar with them so you won't need a specialist team to erect it.