Building an extension onto your home is an exciting way to add instant value to your house, but it comes with a number of considerations. From council fees to construction rules and regulations, here are all the aspects you’ll need to consider when planning an extension.
Price considerations when extending your home
Extensions are one of the best ways to significantly increase the value of your home. Whether your family is growing, or you want to increase your income through renting your property as a holiday home, extensions are a clever investment. Like any development though, you’ll need to consider the costs before signing on the dotted line.
realestate.com.au estimates the average costs for common renovations and extensions are:
- Deck or patio: Around $350 per square metre
- Kitchen: Around $18,850
- Bathroom: Around $17,400
- Additional bedroom: Around $18,000 – $24,000
The costs above are very general estimates, and it’s best to speak to a company who specialise in extensions to get a better idea of the elements required for your property. Remember, unforeseen costs such as an engineer assessment or a hotel room for your family during extensive changes may pop up, so you will need to put money aside for extras.
Ground floor vs. second floor extensions
The type of extension you require alters everything from building consent requirements to scope of work, and therefore cost. There is less work required for a ground floor extension, making the cost around $130,000. On average, a second storey extension costs anywhere upwards of $250,000.
Council fees and processing times
Council fees are the most unexpected and frustrating considerations during home extensions, so don’t let them catch you off guard. While council considerations can be frustrating, they are in place to ensure your community is protected against those wanting to take advantage of it.
Before you start your extension, you’ll need to ensure your building plans match the permits and regulations enforced by your council. You will also need to obtain a planning permit for any extension or demolition.
Don’t forget, while your trusty construction force are working on your home, they will need somewhere to park their vehicles, as well as a skip to dispose of demolition and building materials. Your council can help you obtain parking, construction and waste management permits.
Council fees including admin and permits can cost around 15% of your total project cost, so ensure you factor these additional costs into your budget.
Heritage homes are governed by different rules
Our neighbourhoods maintain their character thanks to the many heritage homes in our country. If your home is heritage listed, you need to investigate the restrictions around extensions, building, painting and demolition of your home. Look online for council resources to help you discover if your home is heritage listed.
Completion times may vary during the project
As with any construction project, the completion time of an extension may change and evolve throughout the build. Thankfully though, any extension with a leading home extension company is constructed according to a set timeline.
Phase 1: Research and planning
Phase 2: Pre-construction
Phase 3: Construction
Phase 4: Post-construction
This timeline helps create a rough idea of where the project is at, as well as when it will be finished.
Extending your home can add instant value, catapulting your property into an entirely different price bracket. While this is an exciting thought, don’t forget to consider all the aspects from council fees to unforeseen costs before you create an accurate budget for your extension project.