How to save money building a First Floor Addition vs a Ground Floor Extension
We often have clients that approach us looking to add more room to their home.
A common question we are asked is ‘Should I build an extension or an addition?‘
We look at the benefits of building an Addition vs an Extension below.
What’s the difference between an Extension and an Addition?
In the building industry, the term ‘extension’ refers to extending an existing building; to extend its overall floor size. Basically, it means to add another room or make a room larger whilst remaining at the ground level. To add an extension to your home, you will need to sacrifice some of your backyard or front yard to accommodate the extra room.
Similar to an extension, an addition can add more living space to your home. However, with an addition (also known as a second storey addition/first floor addition), you do not need to give up any of your yard space as an ‘addition’ goes up and not out like an extension is required to do. In other words, when you have an addition done to your home, you will gain another floor level. Adding height rather than length.
The cost benefits of building an Addition vs an Extension
- You can keep living in your home whilst an addition is being built, this saves you the costs related to finding short term accommodation and relocating your family and your possessions.
- You do not have to worry about soil removal. When building an extension, excavation and site preparation costs can be high. Not only do you have to prepare the site to be built on, you often need to remove any excess soil and other materials to make way for the extension.
- An addition can add significant value to your home. How much value can vary greatly depending on what you plan to add to your home. Regardless, a first floor addition is said to add between 30 to 60% to the value of your home.
- If you add extra bedrooms and bathrooms to your home, you can expect a significant return on your investment. This increase in house value is often in line with the difference in house prices from going from a three-bedroom home to a five-bedroom home.
- Choosing to build a First Floor Addition to your home rather than a Ground Floor Extension will also result in you being able to retain more yard space and this will also further add to the selling power of your property.
Regardless of your decision, our team can assist you with an Addition or Extension to your home. Contact us to discuss how we can add more room to your home.