A house extension usually involves a substantial investment, but this can be well worth it due to the increase in property value that can result and the rise in functionality and appeal that can be created. The exact cost can also vary considerably, based on the type of property and extension involved.
Average costs
Single-storey home extensions Cheltenham and elsewhere will typically cost from £30,000 to £140,000, while you might expect to pay between £108,000 and £180,000 for a two-storey project. A ballpark figure is around £40,000 to £56,000 for basic 20m² home extensions.
If you are thinking about having an extension, you should obtain a quote from a reputable company such as precisionbuildersltd.co.uk/services/home-extensions/cheltenham/.
Understanding costs
If you are thinking about an extension, you need to understand the costs that could be involved. Consider the different options, including extensions to the side, below, above, or behind your property. You can then discuss your requirements with professionals, request a quote, and decide whether it is a viable option. Ensure you find a builder with the right skills and reputation, and always obtain quotes covering all materials.
You also need to consider extra costs caused by the likes of project overruns and how this equates to the potential increase in property value. Home extensions in Cheltenham or elsewhere can typically add between 10% and 20% to the value of a home; however, this can again vary according to size, appeal, functionality, and specifications. The location of the property will also affect the value.
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