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How extending your home can save you money

  • How extending your home can save you money

    10 Sep 2019
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    Whilst building a new home or buying a new home can seem like the easy way to get the home you want it is important to look at the costs involved! These costs remember do not go to your new asset… they simply disappear.
    These costs include:
    Real Estate Agent Costs: In selling your old home and buying a new one you will incur costs to real estate agents for advertising and their sales commission when the sell your old home. Say $16’000.00 Finance and/or Home Loan costs: Are there costs involved for establishing or changing your home loan from one property to another? $ unknown.00 Stamp Duty: When you buy a new home you will be required to pay stamp duty. This is currently around $24,000.00 for a $500K home. Removalists: When moving home there is the cost of moving your furniture and belongings to your new home. A quality removal company providing a complete pack and move service could be substantial. Say $5,000.00 Miscellaneous Costs: What will be the cost of canceling or moving all of the monthly services that you have for your home including the internet, foxtel, telephone, home alarm monitoring, etc. Say $ 2,000.00 plus your time. Emotional Cost: This has no dollar attachment. This is purely friend’s network, neighbors, schools, stress etc. So that’s about $47,000.00. To the government and real estate agents. Is your new home perfect? Home extensions / additions are a great way of gaining valuable space without having to move. In most cases, pending the scope of works, the family can live in the home through the extension process. All the money spent goes to the improvement of the asset and if the right extension is done will add to its re-sale value well above the cost in years to come.

Testimonials

We would like to express our gratitude to you & your team for your recently completed Project of a second storey addition to our existing weatherboard home. From our first meeting with the Designer, we were confident in his enthusiasm for the business & his passion to design an extension...

Steve & Sophie – Ringwood Nth

It was a great experience and was handled with great care. It could have been a stressful time with a toddler, newborn, two dogs & a home extension. But it was really good & we really love our new space and home.

Ryan & Lisa – Viewbank

We purchased in an area we loved & that was a major factor in making the decision to extend...we loved the idea of being able to create something that suited our needs.

Alex & Sam – Knoxfield

Right from the first phone call we found the whole team at Extensions Unlimited to be very attentive and professional. The Design Consultant listened to our requests, and came up with a design that suited our needs and existing construction. Once the work commenced, we had fairly tight deadlines due...

Brenda – Glen Waverley

Our initial contact with the company was great. The Design Consultant met us for our first appointment and listened to our ideas and came up with a design which was exactly what we were looking for. The process was very easy and construction started after only a few months of...

Michael & Natalie – Nunawading

Very happy with our upstairs extension. The company stood out from the very beginning in terms of customer service as well as promptness and clarity of communication.Our project was finished on time and within budget. Have to especially acknowledge our Project Manager and our Designer. Our Designer was very patient...

Harish – Essendon

We opted for Extensions Unlimited purely based on our experience with our Designer. We were impressed by his professionalism & conscientiousness in finding the best design for our needs. Moreover, we felt he was someone we could trust. In fact, all Extensions Unlimited staff members were professional & friendly, so...

Stephen & Kim – Glen Waverley

Excellent Project Management! Communication was always clear, precise, timely & trustworthy. The whole extension / renovation process was well handled and we enjoyed the journey.

Huei & Chin-Wei – Mount Waverley

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Oakleigh East

Double Storey Extension
This Oakleigh East Extension transformed a simple unit into a spacious townhouse, adding a new level with modern amenities and enhanced living spaces.

Box Hill Project

Double Storey Extension
This project features a classic weatherboard addition, perfect for providing growing teenagers with their own spacious and stylish retreat. This thoughtfully designed extension seamlessly blends with the existing home, providing a stylish and functional living area for the whole family.

Northcote Project

Ground Floor Extension
The Northcote Extension features a bohemian-inspired design that seamlessly blends indoor and outdoor spaces, creating a harmonious and natural living environment. The project also includes a versatile workshop, perfect for creative pursuits.

Glen Iris Project

Double Storey Extension
The Glen Iris Extension features a modern twist on a traditional home, incorporating sleek industrial style elements for a unique and contemporary look. This renovation merges classic charm with modern aesthetics, creating a stylish and functional space.

Mitcham Project

Double Storey Extension
The Mitcham Extension boasts a beautiful second storey addition for Mum and Dad, featuring an ensuite, spacious walk-in-robe, and a cozy study. This serene retreat also includes a small lounge and TV area, creating a perfect haven of relaxation.
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