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Money Talk on Home Extensions in the Perth Market

Aug 24, 2015

At Next Level Extensions, we have more than 70 years of combined experience creating home extensions for clients in the Perth area. We are often asked, “is it worth it financially?” Our answer is, “Yes, if it is done correctly.”

A home extension that is correctly executed can make you money in both the short term and the long term. But an ill-conceived and shoddily-built home extension can turn your home into a “money pit.”

What to Look For

The most important factor in a home extension is quality. A home extension must be as good or better than your original building. Anything else is not going to increase the value of your home. That is why you can’t cut corners. If you are a professional builder yourself, great. But if you are like most people, you aren’t a professional builder. Consequently, you need to hire a professional and it better be a good one.

How to Decide

If you are getting ready to sell your home, some simple renovation may help you turn a bigger profit. You will have to know how much your home would sell for in its current state and how much it would sell for if you renovated it. If the difference between the two prices is more than what you pay to renovate the home, you will make a profit.

However, the best way to ensure that you turn a profit on a home renovation or home extension is to live in the home for a few years. If you are a young family that is beginning to outgrow your current home, a home extension is perfect for you. You can extend your current home until it is large enough everything you need.

In 10 or 20 years, if you want to downsize, you will be able to sell your home for a tidy profit.

To learn more about the profitability of a home extension or to get started, call us today: 1300 948 094.Designer and builder of home extensions in Perth reveals how to maximise the value of your home.

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