Should I move rather than do an extension?
Deciding whether to move or extend your current home can be a daunting task. You need to fully assess the options and implications of each option, and the decision ultimately depends on various factors.
We have helped a number of home owners in the York area go through the options. Some decided to go ahead with works while others decided it was not the best option for their circumstances.
Space Requirements:
Evaluate your current and future space needs. If your family is growing or you find yourself in need of additional rooms, an extension may be the perfect solution. For a few months of works you avoid moving to a new unknown area with new neighbours and different amenities and transport and a whole host of changes. However, if you're seeking a change of scenery and your current location is no longer ideal, moving might be the better choice.
Budget Constraints:
Budget is a crucial factor in the decision-making process. Extensions can be expensive, and costs can quickly escalate if unexpected issues arise during construction. Making your extension the best it can be can be expensive and whilst an extension can be profitable, if you make it the best for your situation the profit may not be there. On the other hand, moving involves other expenses such as stamp duty, legal fees, and removal costs. Borrowing to do an extension can be more complicated too.
Consider your financial situation and weigh the upfront costs against the long-term benefits of each option.
Emotional Attachment:
Consider the emotional attachment you have to your current home. If you have a deep connection to your neighbourhood, local community, and your home itself, it might be challenging to leave. However, if you're open to change and see your home as an investment rather than a sentimental space, moving could provide a fresh start.
Planning Permission and Regulations:
Before deciding on an extension, be aware of local planning regulations and permissions required. We know what is typically allowable in the York and Pocklington areas but there can always be issues. If obtaining planning permission seems daunting, or if your property is in a conservation area where restrictions are tighter, moving to a new home might be a more straightforward and lower stress option.
Future Property Value:
Consider how each option might impact the future value of your property. A well-executed extension can add significant value, but the location also plays a crucial role. Its no good making your home a 5 bed mansion in an area full of 2 bed terrace houses. Research property values in your current area and potential new locations to make an informed decision.
Market Conditions:
Be aware of the current property market conditions. If the market is buoyant, selling your home might be more appealing, as you could potentially make a profit. On the other hand, if the market is slow, it might be wiser to invest in your current property through an extension.
Whilst we are not estate agents we do have a finger on the pulse of the market in the York and Pocklington and surrounding areas.
Ultimately, the decision to move or extend your home depends on a combination of personal, financial, and practical factors. Carefully weigh the pros and cons of each option and consider seeking advice from property professionals. Whether you choose to create more space within your current walls or embark on a new property journey, the key is to make a decision that aligns with your lifestyle, budget, and future goals.








